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Uber Technologies, Inc (UBER) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, December 31, 2023

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Uber Technologies, Inc

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CIK: 1543151 Ticker: UBER

    Exhibit 99.1
Uber Announces Results for Fourth Quarter and Full Year 2023

Fourth quarter trips and monthly active platform consumers grew 24% and 15% year-over-year, respectively
Fourth quarter Gross Bookings grew 22% year-over-year and 21% year-over-year on a constant currency basis
Fourth quarter net income of $1.4 billion; Income from operations of $652 million; Record Adjusted EBITDA margin
Fourth quarter operating cash flow of $823 million; Free cash flow of $768 million

SAN FRANCISCO – February 7, 2024
 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter and full year ended December 31, 2023.

“2023 was an inflection point for Uber, proving that we can continue to generate strong, profitable growth at scale,” said Dara Khosrowshahi, CEO. “Our audiences are larger and more engaged than ever, with our platform powering an average of nearly 26 million daily trips last year.”

“Uber’s platform advantages and disciplined investment in new growth opportunities resulted in record engagement and accelerating Gross Bookings in Q4,” said Prashanth Mahendra-Rajah, CFO. “We’re looking forward to sharing more about our strategy and capital allocation plans at our Investor Update next week.”

Financial Highlights for Fourth Quarter 2023
•Gross Bookings grew 22% year-over-year (“YoY”) to $37.6 billion, or 21% on a constant currency basis, with Mobility Gross Bookings of $19.3 billion (+29% YoY or +28% YoY constant currency) and Delivery Gross Bookings of $17.0 billion (+19% YoY or +17% YoY constant currency). Trips during the quarter grew 24% YoY to 2.6 billion, or approximately 28 million trips per day on average.
•Revenue grew 15% YoY to $9.9 billion, or 13% on a constant currency basis. Combined Mobility and Delivery revenue grew 22% YoY to $8.7 billion, or 20% on a constant currency basis.
•Income from operations was $652 million, up $794 million YoY and $258 million quarter-over-quarter (“QoQ”).
•Net income attributable to Uber Technologies, Inc. was $1.4 billion, which includes a $1.0 billion net tailwind (pre-tax) primarily due to net unrealized gains related to the revaluation of Uber’s equity investments.
•Adjusted EBITDA of $1.3 billion, up $618 million YoY. Adjusted EBITDA margin as a percentage of Gross Bookings was 3.4%, up from 2.2% in Q4 2022.
•Net cash provided by operating activities was $823 million and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $768 million.
•Unrestricted cash, cash equivalents, and short-term investments were $5.4 billion at the end of the fourth quarter.
Outlook for Q1 2024
For Q1 2024, we anticipate:
•Gross Bookings of $37.0 billion to $38.5 billion
•Adjusted EBITDA of $1.26 billion to $1.34 billion


1
The following information was filed by Uber Technologies, Inc (UBER) on Wednesday, February 7, 2024 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Uber Technologies, Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Redeemable Non-Controlling Interests And Equity
Business Combinations
Business Combinations (Tables)
Business Combinations - Cornershop Narrative (Details)
Business Combinations - Drizly Acquisition Date Fair Value (Details)
Business Combinations - Drizly Intangible Assets Acquired And Useful Lives (Details)
Business Combinations - Drizly Purchase Price Allocation (Details)
Business Combinations - Pro Forma (Details)
Business Combinations - Routematch And Drizly Narrative (Details)
Business Combinations - Transplace Acquisition Date Fair Value (Details)
Business Combinations - Transplace Intangible Assets Acquired And Useful Lives (Details)
Business Combinations - Transplace Narrative (Details)
Commitments And Contingencies
Commitments And Contingencies - Contingencies (Details)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (Policies)
Description Of Business And Summary Of Significant Accounting Policies (Tables)
Description Of Business And Summary Of Significant Accounting Policies - Narrative (Details)
Description Of Business And Summary Of Significant Accounting Policies - Restricted Cash And Cash Equivalents (Details)
Description Of Business And Summary Of Significant Accounting Policies - Useful Lives Of Property And Equipment, Net (Details)
Divestitures
Divestitures (Tables)
Divestitures - Gain On Disposition (Details)
Divestitures - Narrative (Details)
Equity Method Investments
Equity Method Investments (Tables)
Equity Method Investments - Carrying Value (Details)
Equity Method Investments - Narrative (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Goodwill (Details)
Goodwill And Intangible Assets - Intangible Assets (Details)
Goodwill And Intangible Assets - Narrative (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Narrative (Details)
Income Taxes - Provisions For Income Taxes (Details)
Income Taxes - Summary Of Income (Loss) (Details)
Income Taxes - Tax Rate Reconciliation (Details)
Income Taxes - Unrecognized Tax Benefits (Details)
Investments And Fair Value Measurement
Investments And Fair Value Measurement (Tables)
Investments And Fair Value Measurement - Change In Equity Securities (Details)
Investments And Fair Value Measurement - Fair Value Of Unobservable Inputs (Details)
Investments And Fair Value Measurement - Fair Value On A Recurring Basis (Details)
Investments And Fair Value Measurement - Investments (Details)
Investments And Fair Value Measurement - Narrative (Details)
Investments And Fair Value Measurement - Summarized Financial Information (Details)
Investments And Fair Value Measurement - Unrealized Gain (Loss) On Non-Marketable Securities (Details)
Leases
Leases (Tables)
Leases - Additional Lease Information (Details)
Leases - Lease Costs (Details)
Leases - Maturity Of Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Supplemental Balance Sheet Information - Finance Leases (Details)
Leases - Supplemental Balance Sheet Information - Operating Leases (Details)
Leases - Supplemental Cash Flow Information (Details)
Long-Term Debt And Revolving Credit Arrangements
Long-Term Debt And Revolving Credit Arrangements (Tables)
Long-Term Debt And Revolving Credit Arrangements - Components Of Debt (Details)
Long-Term Debt And Revolving Credit Arrangements - Future Principal Payments (Details)
Long-Term Debt And Revolving Credit Arrangements - Interest Expense (Details)
Long-Term Debt And Revolving Credit Arrangements - Narrative (Details)
Long-Term Debt And Revolving Credit Arrangements - Schedule Of Carrying Values And Estimated Fair Values Of Debt Instruments (Details)
Net Income (Loss) Per Share
Net Income (Loss) Per Share (Tables)
Net Income (Loss) Per Share - Antidilutive Securities (Details)
Net Income (Loss) Per Share - Computation (Details)
Non-Controlling Interests
Non-Controlling Interests (Details)
Property And Equipment, Net
Property And Equipment, Net (Tables)
Property And Equipment, Net - Narrative (Details)
Property And Equipment, Net - Schedule Of Components (Details)
Revenue
Revenue (Tables)
Revenue - Narrative (Details)
Revenue - Schedule Of Disaggregation Of Revenue (Details)
Revenue - Schedule Of Remaining Performance Obligation (Details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (Details)
Segment Information And Geographic Information
Segment Information And Geographic Information (Tables)
Segment Information And Geographic Information - Geographic Information (Details)
Segment Information And Geographic Information - Summary (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Restricted Stock Units And Restricted Common Stock Activity (Details)
Stockholders' Equity - Sar And Option Activity (Details)
Stockholders' Equity - Stock-Based Compensation Expense (Details)
Stockholders' Equity - Weighted Average Assumptions (Details)
Supplemental Financial Statement Information
Supplemental Financial Statement Information (Tables)
Supplemental Financial Statement Information - Accrued And Other Current Liabilities (Details)
Supplemental Financial Statement Information - Accumulated Other Comprehensive Income (Loss) (Details)
Supplemental Financial Statement Information - Other Income (Expense), Net (Details)
Supplemental Financial Statement Information - Other Long-Term Liabilities (Details)
Supplemental Financial Statement Information - Prepaid Expenses And Other Current Assets (Details)
Variable Interest Entities
Variable Interest Entities - Narrative (Details)
Ticker: UBER
CIK: 1543151
Form Type: 10-K Annual Report
Accession Number: 0001543151-24-000012
Submitted to the SEC: Thu Feb 15 2024 4:30:29 PM EST
Accepted by the SEC: Thu Feb 15 2024
Period: Sunday, December 31, 2023
Industry: Prepackaged Software

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