#1Uber Technologies, Inc. Q1 2023 Earnings Supplemental Data May 2, 2023#2Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Costs and Operating Expenses; Revenue Excluding UK Accrual; Mobility Revenue Excluding UK Accrual; Delivery business model change impact on Cost of Revenue; Mobility business model change impact on Cost of Revenue; Free Cash Flow; as well as revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management's internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business. There are a number of limitations related to the use of non- GAAP financial measures. In light of these limitations we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP. For more information on these non-GAAP financial measures, please see the section titled "Non-GAAP Reconciliations" included at the end of this deck. In regards to forward looking non-GAAP guidance provided on our Q1 2023 earnings release and call, we are not able to reconcile the forward-looking non-GAAP Adjusted EBITDA measure to the closest corresponding GAAP measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include, but are not limited to, significant legal settlements, unrealized gains and losses on equity investments, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts. 2#3Forward Looking Statements This presentation contains forward-looking statements regarding our future business expectations, which involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward- looking statements include all statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "objective," "ongoing," "plan," "potential," "predict," "project," "should," "target," "will," or "would" or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: competition, managing our growth and corporate culture, financial performance, investments in new products or offerings, our ability to attract drivers, consumers and other partners to our platform, our brand and reputation, other legal and regulatory developments, particularly with respect to our relationships with drivers and couriers, and the impact of the global economy, including rising inflation and interest rates. In addition, other potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report on Form 10-K for the year ended December 31, 2022 and subsequent annual reports, quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this presentation is as of the date hereof and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of such date. We undertake no duty to update this information unless required by law. 3#4Platform and Business Highlights Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Uber Q1 2023 Earnings 4#5Platform Highlights 8:03 Uber Redesigned Uber App Monday, June 6 8:03 Pickup in 2 min 3XFH2C Silver Honda Civic Uber O B Q1 2023 Earnings O 7:58 Services Go anywhere Ride Reserve Transit Hourly Restaurants A Home Package Charter Explore Get anything delivered Rent Services Grocery S A Activity 2-Wheels Travel Updates include a new home screen, more personalization, and a new way to track the live progress of a ride : Account Mobility Airport Innovation gad Airl Checker Cab #63842 San Francisco International Airport (SFO) Parking Garage, Level 5, Zone A/B Baggage Re-Check → Directions to pickup > → Confirm your pickup spot San Francisco International Airport Search Parking Garage, Level 5, Zone A/B 9 min Parkinn Garane Level 5. Zone H Confirm pickup American Airlines → Expanded Uber Reserve availability and rolled out Business Comfort; new wayfinding features at airports to better serve consumers X 12:36 Preparing your order... Latest arrival by 12:50 PM 0 Advertising Duran Duran: FUTURE PAST Tour with Bastille and Nile Rodgers & CHIC On Sale this Thursday Get Tour Info Delivery Details ↑ Help Estimated arrival Address 1455 Market Street, San Francisco, CA 94104 Delivery Details Address 1455 Market Street, San Francisco, CA 94104 Type Deliver door Instructions. Take the elevators on the left side of the lobby up to floor 23. Go right, down the hall. the door is the last on the right side before you turn the corner Type Standard Duran Duran: FUTURE PAST Tour with Nile Rodgers and CHIC & Bastille On Sale this Thursday Get Tour Info - Share this delivery Let someone follow along Introduced Post Checkout ads, enabling non-Eats merchants to advertise in the Uber Eats app Ad Share 5#6Driver engagement at an all-time high, with strong earnings levels Q1 2019 Uber Monthly Supply Hours per Active Driver (US & Canada, Indexed to Jan 2019)¹² Q1 2023 Earnings Q1 2020 Aq Q1 2021 Q1 2022 Weekly Earnings per Active Driver (US & Canada, Indexed to Jan 2019)34 My mangf +17% (Q1 2023 vs. Q1 2019) Q1 2023 1. Cumulative hours spent driving on the app by drivers who completed at least one Mobility ride during the month. 2. Unique drivers who completed a Mobility ride on our platform at least once in a given month. 3. Average earnings (including tips) earned by drivers during one week in a given month. 4. Unique drivers who completed only Mobility rides for at least one week in a given month. Q1 2019 Q1 2020 Q1 2021 Q1 2022 +43% (Q1 2023 vs. Q1 2019) Ÿ Q1 2023 6#7Newer rider cohorts engaging and spending more on Uber Average Monthly Trips per Mobility MAPC (us) 2019 Cohort 2020 Cohort 2021 Cohort 2022 Cohort Uber Q1 2023 Earnings Year 1 5.4 5.5 5.4 5.7 Year 2 4.8 5.4 5.6 Year 3 4.6 5.7 Year 4 4.7 Average Monthly Spend per Mobility MAPC (US, Indexed to 2019 Year 1 spend) 2019 Cohort 100% 2020 Cohort 2021 Cohort 2022 Cohort Year 1 Note 1: Mobility MAPCS defined as the number of unique consumers who completed a Mobility ride on our platform at least once in a given month. Note 2: Monthly trips defined as the number of completed consumer Mobility rides per month. Note 3: Monthly spend defined as Mobility Gross Bookings. 120% 120% 127% Year 2 101% 121% 126% Year 3 107% 130% Year 4 113% 7#8Long runway for Delivery penetration, with Uber well-positioned globally Uber Further penetration of restaurant category 3% Uber food delivery FY'22 GB as % of restaurant spend in active countries Best in class market at 13% Q1 2023 Earnings Cross-sell, engagement growth with New Verticals 12% Of Delivery users who order New Verticals¹ Best in class market at 27% 1. Based on users with 1+ completed Delivery trip on Uber in March 2023 who also placed a New Verticals order during the same month. 2. As of March 2023. Further adoption of Uber membership 27% Of total global GB2 with long runway to increase adoption Best in class market at 65% 8#9Platform and Business Highlights Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Uber Q1 2023 Earnings 9#10Operating Metrics In Millions MAPCS Trips Monthly Trips / MAPC Uber Q1 2023 Earnings 115 Q1 2022 1,713 Q1 2022 5.0 122 Q2 2022 1,872 Q2 2022 5.1 124 Q3 2022 1,953 Q3 2022 5.3 131 Q4 2022 2,104 Q4 2022 5.4 130 Q1 2023 2,124 Q1 2023 5.4 +13% MAPCS Growth YoY +24% Trips Growth YoY Note 1: MAPCs is the number of unique consumers who completed a Mobility ride or received a Delivery order on our platform at least once in a given month, averaged over each month in the quarter. Note 2: We define Trips as the number of completed consumer Mobility rides and Delivery orders in a given period. 10#11Gross Bookings $ in Millions Uber $26,449 Q1 2022 35% 39% Q1 2023 Earnings $29,078 Q2 2022 33% 36% $29,119 Q3 2022 26% 32% $30,749 Q4 2022 19% 26% $31,408 Q1 2023 19% 22% +22% Gross Bookings Constant Currency Growth YoY % Growth YoY % Constant Currency Growth YoY Note 1: We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of Mobility rides, Delivery orders, and amounts paid by Freight shippers, in each case without any adjustment for consumer discounts and refunds, Driver and Merchant earnings, and Driver incentives. Gross Bookings do not include tips earned by Drivers. Note 2: "% Constant Currency Growth YoY" is calculated by translating our current period financial results using the corresponding prior period's monthly exchange rates for our transacted currencies other than the U.S. dollar. 11#12Revenue $ in Millions Uber $6,854 Q1 2022 136% 141% Q1 2023 Earnings $8,073 Q2 2022 105% 111% $8,343 Q3 2022 72% 81% $8,607 Q4 2022 49% 59% $8,823 Q1 2023 29% 33% % Growth YoY c) Q3'22 Revenue includes a $1.7 billion net benefit related to business model changes in select markets across Mobility and Delivery. d) Q4'22 Revenue includes a $1.9 billion net benefit related to business model changes in select markets across Mobility and Delivery. e) Q1'23 Revenue includes a $1.8 billion net benefit related to business model changes in select markets across Mobility and Delivery. Note 2: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. Note 3: Since Q4 2021, Revenue includes contributions from the acquisition of Transplace which closed on November 12, 2021 % Constant Currency Growth YoY Note 1: a) Q1'22 Revenue includes a $754 million net benefit related to business model changes in select markets across Mobility and Delivery. b) Q2'22 Revenue includes a $1.7 billion net benefit related to business model changes in select markets across Mobility and Delivery and a UK accrual relating to the classification of drivers. 12#13Adjusted EBITDA $ in Millions 0.6% Uber $168 Q1 2022 Q1 2023 Earnings 1.3% $364 Q2 2022 1.8% $516 Q3 2022 2.2% $665 Q4 2022 2.4% $761 Q1 2023 +$593M YoY improvement in Adjusted EBITDA Adjusted EBITDA Margin as a % of Gross Bookings Note 1: We define Adjusted EBITDA as net income (loss), excluding (i) income (loss) from discontinued operations, net of income taxes, (ii) net income (loss) attributable to non-controlling interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) interest expense, (vi) other income (expense), net, (vii) depreciation and amortization, (viii) stock-based compensation expense, (ix) certain legal, tax, and regulatory reserve changes and settlements, (x) goodwill and asset impairments/loss on sale of assets, (xi) acquisition and financing related expenses, (xii) restructuring and related charges and (xiii) other items not indicative of our ongoing operating performance, including COVID-19 response initiatives related payments for financial assistance to Drivers personally impacted by COVID-19, the cost of personal protective equipment distributed to Drivers, Driver reimbursement for their cost of purchasing personal protective equipment, the costs related to free rides and food deliveries to healthcare workers, seniors, and others in need as well as charitable donations. Note 2: We define Adjusted EBITDA margin as a percentage of Gross Bookings as Adjusted EBITDA divided by Gross Bookings. Note 3: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. 13#14Platform and Business Highlights Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Uber Q1 2023 Earnings 14#15Mobility Highlights $ in Millions Gross Bookings % Constant Currency Growth YoY Revenue % Constant Currency Growth YoY Adjusted EBITDA Uber Q1 2023 Earnings $10,723 62% 23.5% $2,518 201% 5.8% O $618 Q1 2022 $13,364 57% 26.6% $3,553 126% 5.8% $771 Q2 2022 $13,684 45% 27.9% $3,822 83% 6.6% $898 Q3 2022 $14,894 Note 2: Take Rate is defined as Revenue as a percentage of Gross Bookings. Note 3: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. Note 4: All measures are for Mobility segment unless otherwise noted. 37% 27.8% $4,136 94% d) Q4'22 Revenue includes the benefit of $1.2 billion as a result of business model changes in the UK. e) Q1'23 Revenue includes the benefit of $1.1 billion as a result of business model changes in the UK. 6.8% $1,012 Q4 2022 $14,981 43% 28.9% $4,330 78% 7.1% $1,060 Note 1: a) Q1'22 Revenue includes the benefit of $200 million as a result of business model changes in the UK. b) Q2'22 Revenue includes the net benefit of $983 million as a result of business model changes in the UK and a UK accrual relating to the classification of drivers. c) Q3'22 Revenue includes the benefit of $1.1 billion as a result of business model changes in the UK. Q1 2023 +43% Gross Bookings Constant Currency Growth YoY Revenue: Take Rate Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of Gross Bookings 15#16Delivery Highlights $ in Millions Gross Bookings % Constant Currency Growth YoY Revenue % Constant Currency Growth YoY Adjusted EBITDA Uber Q1 2023 Earnings $13,903 15% 18.1% $2,512 49% 0.2% O $30 Q1 2022 $13,876 12% 19.4% $2,688 43% 0.7% $99 Q2 2022 $13,684 13% 20.2% $2,770 33% 1.3% $181 Q3 2022 Note 1: Take Rate is defined as Revenue as a percentage of Gross Bookings. Note 2: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. $14,315 14% 20.5% $2,931 33% 1.7% $241 Q4 2022 $15,026 12% 20.6% $3,093 29% 1.9% $288 Q1 2023 +$258M YoY improvement in Adjusted EBITDA Revenue: Take Rate Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of Gross Bookings Note 3: All measures are for Delivery segment unless otherwise noted. Note 4: Revenue amounts for each quarter reported on this page include a $554 million, $711 million, $683 million, $686, and $652 million net benefit related to Delivery business model changes in select markets for Q1'22, Q2'22, Q3'22, Q4'22, and Q1'23 respectively. 16#17Freight Highlights $ in Millions Revenue % Constant Currency Growth YoY Adjusted EBITDA Uber Q1 2023 Earnings $1,824 506% $2 0.1% Q1 2022 $1,832 427% $5 0.3% Q2 2022 $1,751 336% $1 0.1% Q3 2022 $1,540 43% ($8) (0.5%) Q4 2022 Note 1: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. Note 2: All measures are for Freight segment unless otherwise noted. Note 3: Since Q4 2021, Revenue includes contributions from the acquisition of Transplace which closed on November 12, 2021 $1,400 (23%) ($23) (1.6%) Q1 2023 Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of Revenue 17#18Platform and Business Highlights Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Uber Q1 2023 Earnings 18#19Condensed Consolidated Statements of Operations (Unaudited) $ in Millions, except share amounts, which are in thousands, and per share amounts Uber Q1 2023 Earnings Revenue Costs and expenses Cost of revenue, exclusive of depreciation and amortization shown separately below Operations and support Sales and marketing Research and development General and administrative Depreciation and amortization Total costs and expenses Loss from operations Interest expense Other income (expense), net Loss before income taxes and income from equity method investments Provision for (benefit from) income taxes Income from equity method investments Net loss including non-controlling interests Less: net income (loss) attributable to non-controlling interests, net of tax Net loss attributable to Uber Technologies, Inc. Net loss per share attributable to Uber Technologies, Inc. common stockholders: Basic Diluted Weighted-average shares used to compute net income loss per share attributable to common stockholders: Basic Diluted Three Months Ended March 31, 2022 $6,854 4,026 574 1,263 587 632 254 $7,336 ($482) (129) (5,557) (6,168) (232) 18 (5,918) 12 ($5,930) ($3.03) ($3.04) 1,953,989 1,957,731 2023 $8,823 5,259 640 1,262 775 942 207 $9,085 ($262) (168) 292 (138) 55 36 (157) ($157) ($0.08) ($0.08) 2,009,557 2,009,557 19#20Condensed Consolidated Balance Sheets (Unaudited) $ in Millions Uber Q1 2023 Earnings Assets Cash and cash equivalents Short-term investments Restricted cash and cash equivalents Accounts receivable, net Prepaid expenses and other current assets Total current assets Restricted cash and cash equivalents Restricted investments Investments Equity method investments Property and equipment, net Operating lease right-of-use assets Intangible assets, net Goodwill Other assets Total assets As of December 31, 2022 $4,208 103 680 2,779 1,479 $9,249 1,789 1,614 4,401 870 2,082 1,449 1,874 8,263 518 $32,109 As of March 31, 2023 $4,045 121 897 2,571 1,562 $9,196 1,851 1,964 4,718 740 2,142 1,335 1,766 8,185 554 $32,451 20#21Continued: Condensed Consolidated Balance Sheets (Unaudited) $ in Millions Uber Q1 2023 Earnings Liabilities, redeemable non-controlling interests and equity Accounts payable Short-term insurance reserves Operating lease liabilities, current Accrued and other current liabilities Total current liabilities Long-term insurance reserves Long-term debt, net of current portion Operating lease liabilities, non-current Other long-term liabilities Total liabilities Redeemable non-controlling interests Equity Common stock Additional paid-in capital Accumulated other comprehensive loss Accumulated deficit Total Uber Technologies, Inc. stockholders' equity Non-redeemable non-controlling interests Total equity Total liabilities, redeemable non-controlling interests and equity As of December 31, 2022 $728 1,692 201 6,232 $8,853 3,028 9,265 1,673 786 $23,605 430 40,550 (443) (32,767) $7,340 734 $8,074 $32,109 As of March 31, 2023 $712 1,658 193 6,120 $8,683 3,412 9,257 1,629 798 $23,779 419 41,030 (598) (32,924) $7,508 745 $8,253 $32,451 21#22Summary of liquidity position and equity stakes Liquidity Position Uber Q1 2023 Earnings $4.2B Unrestricted cash, cash equivalents, and short-term investments Equity Stakes (Carrying value) Other Joby Aurora Grab Didi $5.4B $1.1B $0.1B $0.4B $1.6B $2.2B Uber's Ownership Position DiDi Grab Aurora JOBYⓇ Lime Note 1: Liquidity position excluding revolver. Undrawn revolver provides an additional liquidity of $2.0B, net of letters of credit. As of March 31, 2023, Uber's long-term debt was roughly $9.3 billion. Note 2: All equity stakes and dollar ownership amounts based on carrying value as of March 31, 2023, which may be different than potential market transaction values. Note 3: As of March 31, 2023, Uber owns approximately 536M shares of Grab, 301M shares of Aurora, 26M shares of Joby, and 144M ordinary shares of Didi (each ADS listed in the OTC market represents 0.25 ordinary shares). Note 4: Ownership stake percentages as of March 31, 2023 and based on a fully diluted basis. ~11% ~14% ~26% ~4% ~31% 22#23Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Millions Uber Q1 2023 Earnings Cash flows from operating activities Net loss including non-controlling interests Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization Bad debt expense Stock-based compensation Deferred income taxes Income from equity method investments, net Unrealized (gain) loss on debt and equity securities, net Impairments of goodwill, long-lived assets and other assets Impairment of equity method investment Revaluation of MLU B.V. call option Unrealized foreign currency transactions Other Change in assets and liabilities, net of impact of business acquisitions and disposals: Accounts receivable Prepaid expenses and other assets. Operating lease right-of-use assets Accounts payable Accrued insurance reserves Accrued expenses and other liabilities Operating lease liabilities Net cash provided by operating activities Three Months Ended March 31, 2022 ($5,918) 254 18 359 (281) (18) 5,570 13 182 (181) (15) 5 (26) (20) 42 8 134 (72) (39) $15 2023 ($157) 207 20 470 10 (36) (320) 67 83 4 168 (119) 52 (7) 350 (142) (44) $606 23#24Continued: Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Millions Uber Q1 2023 Earnings Cash flows from investing activities Purchases of property and equipment Purchases of non-marketable equity securities Purchases of marketable securities Proceeds from maturities and sales of marketable securities Acquisition of businesses, net of cash acquired Other investing activities Net cash used in investing activities Cash flows from financing activities Issuance of term loans and notes, net of issuance costs Principal repayment on term loan and notes Principal payments on finance leases Other financing activities Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents Cash and cash equivalents, and restricted cash and cash equivalents Beginning of period End of period Three Months Ended March 31, 2022 (62) (13) (59) (1) ($135) (6) (62) (45) ($113) 20 ($213) 7,805 $7,592 2023 (57) (846) 500 4 ($399) 1,121 (1,137) (40) (51) ($107) 16 $116 6,677 $6,793 24#25Platform and Business Highlights Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Uber Q1 2023 Earnings 25#26Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Mobility Delivery Freight Corporate G&A and Platform R&D Adjusted EBITDA Add (deduct): Legal, tax, and regulatory reserve changes and settlements Goodwill and asset impairments/loss on sale of assets Restructuring and related charges Mass arbitration fees, net Gain (loss) on lease arrangements, net Acquisition, financing and divestitures related expenses Accelerated lease costs related to cease-use of ROU assets COVID-19 response initiatives Depreciation and amortization Stock-based compensation expense Other income (expense), net Interest expense Income (loss) from equity method investments (Provision for) benefit from income taxes Net (income) loss attributable to non-controlling interests, net of tax Net income (loss) attributable to Uber Technologies, Inc. Uber Q1 2023 Earnings Mar 31, '22 $618 30 2 (482) $168 (13) (2) (7) (14) (1) (254) (359) (5,557) (129) 18 232 (12) ($5,930) Jun 30, '22 $771 99 5 (511) $364 (368) (4) 14 (6) (243) (470) (1,704) (139) 17 (77) 15 ($2,601) Three Months Ended Sep 30, '22 $898 181 1 (564) $516 (283) (19) (227) (482) (535) (146) 30 (58) (2) ($1,206) Dec 31, '22 $1,012 241 (8) (580) $665 (81) (8) (7) (6) (223) (482) 767 (151) 42 84 (5) $595 Mar 31, '23 $1,060 288 (23) (564) $761 (250) (67) (22) 1 (8) (207) (470) 292 (168) 36 (55) ($157) 26#27Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Revenue GAAP Cost of Revenue, excluding D&A COVID-19 response initiatives Acquisition, financing, and divestitures related expenses Non-GAAP Cost of Revenue Non-GAAP Operating Expenses GAAP Operations and support Restructuring and related charges Acquisition, financing and divestitures related expenses Stock-based compensation Non-GAAP Operations and support Uber Q1 2023 Earnings Mar 31, '22 $6,854 4,026 (1) $4,025 $574 (2) (1) (33) $538 Jun 30, '22 $8,073 5,153 $5,153 $617 (40) $577 Three Months Ended Sep 30, '22 $8,343 5,173 (5) $5,168 $617 (41) $576 Dec 31, '22 $8,607 5,307 $5,307 $605 (1) (40) $564 Mar 31, '23 $8,823 5,259 $5,259 $640 (8) (3) (38) $591 Note 1: Quarterly trends for cost of revenue are not directly comparable due to the classification of certain Delivery and Mobility payments and incentives as cost of revenue attributable to business model changes in some countries. 27#28Continued: Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions GAAP Sales and marketing Restructuring and related charges Stock-based compensation Non-GAAP Sales and marketing GAAP Research and development Restructuring and related charges Stock-based compensation Non-GAAP Research and development GAAP General and administrative Legal, tax, and regulatory reserve changes and settlements Goodwill and asset impairment/loss on sale of assets Restructuring and related charges Gain (loss) on lease arrangements, net Acquisition, financing, and divestitures related expenses Accelerated lease costs related to cease-use of ROU asssets Mass arbitration fees Stock-based compensation Non-GAAP General and administrative Uber Q1 2023 Earnings Mar 31, '22 $1,263 (22) $1,241 $587 (196) $391 $632 (13) (7) (12) (108) $492 Jun 30, '22 $1,218 (28) $1,190 $704 (277) $427 $851 (271) (4) (6) 14 (125) $459 Three Months Ended Sep 30, '22 $1,153 (26) $1,127 $760 (292) $468 $908 (283) (14) (123) $488 Dec 31, '22 $1,122 (26) $1,096 $747 (295) $452 $745 (81) (8) (6) (6) (121) $523 Mar 31, '23 $1,262 (1) (24) $1,237 $775 (11) (290) $474 $942 (250) (67) (2) 1 (5) (118) $501 28#29Revenue Excluding UK Accrual Reconciliations $ in Millions Revenue Excluding UK Accrual reconciliation Revenue Add back: UK Accrual Revenue Excluding UK Accrual Mobility Revenue Excluding UK Accrual reconciliation Mobility Revenue Add back: UK Accrual Mobility Revenue Excluding UK Accrual Uber Q1 2023 Earnings Mar 31, '22 6,854 $6,854 Mar 31, '22 2,518 $2,518 Jun 30, '22 8,073 97 $8,170 Jun 30, '22 3,553 97 $3,650 Three Months Ended Sep 30, '22 8,343 $8,343 Three Months Ended Sep 30, '22 3,822 $3,822 Dec 31, '22 8,607 $8,607 Dec 31, '22 4,136 $4,136 Mar 31, '23 8,823 $8,823 Mar 31, '23 4,330 $4,330 29#30Business model change impact on Cost of Revenue $ in Millions Non-GAAP Cost of Revenue Delivery business model change impact* Mobility business model change impact* Non-GAAP Cost of Revenue (% of Gross Bookings) Non-GAAP Cost of Revenue (excl. business model change impacts, % of Gross Bookings) Uber Q1 2023 Earnings Mar 31, '22 $4,025 $740 $160 15.2% 11.8% Jun 30, '22 $5,153 $942 $831 17.7% 11.6% Note 1: Delivery business model changes in some countries resulted in the classification of certain Delivery payments and incentives as Cost of Revenue. Note 2: Mobility business model change in the UK resulted in the classification of certain Mobility payments and incentives as Cost of Revenue. Three Months Ended Sep 30, '22 $5,168 $1,010 $804 17.7% 11.5% Dec 31, '22 $5,307 $1,116 $896 17.3% 10.7% Mar 31, '23 $5,259 $1,123 $847 16.7% 10.5% Note 3: The impacts to Cost of Revenue due to business model changes shown here only reflect the portion that impacted Cost of Revenue for the Delivery and Mobility segments. Delivery and Mobility business model changes also resulted in impacts to other financial statement line items but are not shown here. 30#31Free Cash Flow Reconciliation $ in Millions Free Cash Flow reconciliation: Net cash provided by (used in) operating activities Purchases of property and equipment Free Cash Flow Free Cash Flow, excluding HMRC VAT claims settlement: Add: HMRC VAT claims settlement Free Cash Flow, excluding HMRC VAT claims settlement Uber Q1 2023 Earnings Mar 31, '22 15 (62) ($47) ($47) Jun 30, '22 439 (57) $382 $382 Three Months Ended Sep 30, '22 432 (74) $358 $358 Dec 31, '22 (244) (59) ($303) 733 $430 Mar 31, '23 606 (57) $549 $549 Note 1: Net cash provided by (used in) operating activities and Free Cash Flow in Q4'22 experienced a cash outflow of approximately $733 million (GBP 613 million) to resolve all outstanding HMRC VAT claims related to periods prior to our model change on March 14, 2022. 31