#1Uber Technologies, Inc. Q3 2020 Earnings Supplemental Data November 5, 2020#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 Net Revenue, Mobility Adjusted Net evenue, Delivery Adjusted Net Revenue, Adjusted EBITDA, Adjusted EBITDA as a percentage of Adjusted Net Revenue, Mobility Adjusted EBITDA as a percentage of Mobility Adjusted Net Revenue, Delivery Adjusted EBITDA as a percentage of Delivery Adjusted Net Revenue, Adjusted Costs and expenses, as well as Adjusted Net Revenue, Mobility Adjusted Net Revenue and Delivery Adjusted Net Revenue growth on a constant currency basis,YOY % growth on a constant currency basis and ex-driver appreciation award, YoY % Mobility Growth on a constant currency basis and ex-Driver appreciation award and YoY % Delivery Growth on a constant currency basis and ex-Driver appreciation award. Uber Q3 2020 Earnings 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 me s 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. 2#3Forward Looking Statements This presentation may contain 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: developments in the COVID-19 pandemic and the impact on our business and operations, competition, managing our Uber Q3 2020 Earnings 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 and other legal and regulatory developments and proceedings, particularly with respect to our relationships with drivers and delivery persons. 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, 2019 and subsequent Form 10-Qs and Form 8-Ks filed with the Securities and Exchange Commission. 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#4Q3 Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Investor FAQ Uber Q3 2020 Earnings#5Gross Bookings* saw a sharp reduction driven by COVID-19, but recovered steadily thru Q2 and Q3 Weekly Mobility+Delivery run-rate GB Uber Jan/Feb: >20% YoY 1/6 1/20 Q3 2020 Earnings Run-rate GB ~$72B 2/3 2/17 3/2 3/16 Run-rate GB ~$29B > -50% YoY 3/30 4/13 4/27 5/11 5/25 Run-rate GB >$50B < -20% YoY 6/8 Ongoing week on week improvement 6/22 7/6 7/20 8/3 Run-rate GB ~$65B < -10% YoY 8/17 8/31 9/14 *Weekly Gross Bookings trends for our Core Business excluding recent acquisitions such as Careem and Cornershop. % YoY Growth rates are shown at Constant Currency, which 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 9/28 5#6Mobility recovering in NYC in lockstep with the city's reopening Trips, Indexed vs. the Same Week in 2019 125% 100% Uber 75% 50% 25% 0% 1/6 Q3 2020 Earnings 2/29: First reported COVID-19 case in NYC 1/20 2/3 3/7: Gov. Cuomo declares a "State of Emergency" in NY State 2/17 3/2 3/16 Note: New COVID cases based on data from usafacts.org 3/17: Uber's "Pool" service is suspended. Lyft and Via follow suit shortly after. 3/30 4/13 4/27 5/11 New Covid Cases 6/22: NYC Phase 2 begins. Outdoor dining permitted. 6/8: NYC Phase 1 begins. 5/25 6/8 6/22 NYC Trips, YoY 7/6: NYC Phase 3 begins. 7/6 7/20 8/3 8/17 9/30: Indoor Dining resumes at 25% capacity 9/21: In-person learning resumes 8/31 9/14 9/28 40,000 30,000 20,000 10,000 0 New COVID Cases 6#7Delivery outgrowing competition at much larger scale Uber's Delivery is the largest and fastest growing food delivery business globally (ex-China)* 40 30 20 10 Uber M1 Delivery reached a $35B annualized Gross Bookings run-rate M14 Q3 2020 Earnings Delivery $10B Nov'18 M28 Mobility Delivery $30B May'20 Delivery $35B Aug 20 M42 Mobility $10B Sep'15 Delivery M56 Mobility $35B Sep'17 Mobility $30B Mar'17 M70 40 30 20 10 2016 2017 2018 Uber Delivery Just Eat Takeaway 2019 2020 Grubhub Delivery Hero *Note: Based on publicly available information of online food delivery competitors and internal estimates. 2020 Gross Bookings annualized from reported Gross Bookings/Gross Food Sales/Gross Merchandise Value for Uber, Grubhub and Delivery Hero respectively, and for Just Eat Takeaway based on consensus estimates updated post the company's latest update on October 13, 2020 +135% YoY ~+70% YOY ~+50% YOY ~+70% YOY 7#8Making progress towards Adjusted EBITDA breakeven despite COVID-19 impacts Uber $11,446 8.1% 21.6% 22.0% Q3 2020 Earnings $12,188 $12,554 Mobility 24.4% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Gross Bookings ($M) $13,512 23.5% $10,874 Q1 2020 6.3% $3,046 Q2 2020 Adjusted EBITDA margin (% of ANR) 17.9% Note: See Non-GAAP reconciliations section for a reconciliation of Non-GAAP measures. $5,905 Mobility margins recovering towards pre-COVID levels at significantly lower Gross Bookings Q3 2020 (129.3)% $3,071 Q1 2019 (84.9)% $3,386 Q2 2019 Delivery (80.6)% $3,658 Q3 2019 (111.1)% Gross Bookings ($M) $4,374 (59.4)% Q4 2019 $4,682 Q1 2020 (26.2)% $6,961 (16.1)% Q2 2020 Q3 2020 Adjusted EBITDA margin (% of ANR) Delivery margins continue to improve even with ongoing growth investments $8,550 8#9Q3 Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Investor FAQ Uber Q3 2020 Earnings#10Operating Metrics In Millions MAPCS Trips Monthly Trips / MAPC Uber Q3 2020 Earnings 103 Q3 2019 1,770 Q3 2019 5.7 111 Q4 2019 1,907 103 5.7 Q1 2020 1,658 Q4 2019 Q1 2020 5.4 55 Q2 2020 737 Q2 2020 4.5 78 Q3 2020 1,150 Q3 2020 4.9 +42% MAPCs Growth QoQ +56% Trip Growth QoQ Note 1: MAPCs is the number of unique consumers who completed a Mobility or New Mobility ride or received a Delivery meal or grocery 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 or New Mobility rides and Delivery meal or grocery deliveries in a given period. 10#11Gross Bookings $ in Millions Uber $16,465 Q3 2019 29% 32% Q3 2020 Earnings $18,131 Q4 2019 28% 30% $15,776 Q1 2020 8% 10% $10,224 Q2 2020 (35%) (32%) $14,745 Q3 2020 (10%) (8%) +44% Gross Bookings Growth QoQ -6% September Gross Bookings decline YoY at constant currency % 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 and New Mobility rides, Delivery meal or grocery deliveries, 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: "%YoY Constant Currency Growth" 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#12Adjusted Net Revenue $ in Millions Uber 21.5% $3,533 Q3 2019 33% 35% Q3 2020 Earnings 20.6% $3,730 Q4 2019 41% 43% 20.6% $3,256 Q1 2020 18% 19% 18.8% $1,918 Q2 2020 (33%) (37%)* 19.1% $2,813 Q3 2020 (20%) (19%) 19.1% Take Rate +60bps Delivery Take Rate improvement QoQ % Growth YoY % Constant Currency Growth YoY Take Rate "Q2'20 YOY growth at constant currency excludes the impact of the Driver appreciation award associated with our IPO. Note 1: Take Rate is defined as Adjusted Net Revenue as a percentage of Gross Bookings. Note 2: We define Adjusted Net Revenue as revenue (i) less excess Driver incentives, (ii) less Driver referrals and (iii) the addition of our COVID-19 response initiative related payments for financial assistance to Drivers personally impacted by COVID-19 and Driver reimbursement for their cost of purchasing personal protective equipment. We believe that Adjusted Net Revenue is informative of our top line performance because it measures the total net financial activity reflected in the amount earned by us after taking into account all Driver and Merchants earnings, Driver incentives, and Driver referrals in transactions in which the Driver is our customer. The impact of these COVID-19 response initiatives related payments for financial assistance and Driver reimbursement for their cost of purchasing personal protective equipment are recorded as a reduction to revenue. To help our board, management, and investors assess the impact of these COVID-19 response initiatives on our results of operations, we are excluding the impact of these COVID-19 response initiatives from ANR. Note 3: See Non-GAAP reconciliations section for reconciliation of non-GAAP measures. 12#13Adjusted EBITDA $ in Millions ($585) Uber (16.6%) Q3 2019 Q3 2020 Earnings ($615) (16.5%) Q4 2019 ($612) (18.8%) Q12020 ($837) (43.6%) Q2 2020 ($625) (22.2%) Q3 2020 +21pp QoQ improvement in Adjusted EBITDA Margin as a % of ANR Adjusted EBITDA Margin as a % of ANR 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 ANR as Adjusted EBITDA divided by Adjusted Net Revenue. Note 3: See Non-GAAP reconciliations for reconciliation of non-GAAP measures as well as Net income (loss) attributable to Uber Technologies, Inc. as percentage of Revenue for periods presented. 13#14Expect sufficient liquidity to reach profitability in 2021 Equity Stakes Uber Q3 2020 Earnings Liquidity Position $7.3B $1.1B $6.2B ST Investments Unrestricted Cash $10.0B $0.3B $1.1B $2.3B $6.3B Note 1: Liquidity Position is as of September 30, 2020. Note 2: Liquidity does not reflect undrawn revolver of greater than $2 billion Note 3: Equity stakes include DiDi, Grab and Yandex, and Other Investments. Other Yandex Grab DiDi 14#15Q3 Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Investor FAQ Uber Q3 2020 Earnings#16Mobility Highlights $ in Millions Gross Bookings % Constant Currency Growth YoY Adjusted Net Revenue % Constant Currency Growth YoY Adjusted EBITDA Uber Q3 2020 Earnings $12,554 22% 22.8% O $2,868 24% 22.0% $631 Q3 2019 $13,512 20% 22.5% $3,036 32% 24.4% $742 Q4 2019 $10,874 (3%) 22.8% $2,475 6% 23.5% $581 Q1 2020 $3,046 (73%) 26.0% $793 (68%)* 6.3% $50 Q2 2020 $5,905 (50%) 23.1% $1,365 (51%) 17.9% $245 Q3 2020 +94% Gross Bookings Growth QoQ ~$200M QoQ improvement in Adj. EBITDA despite GB decline of 50% YoY at constant currency Adjusted Net Revenue: Take Rate Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of ANR *Q2'20 constant currency growth rate excludes the impact of the Driver appreciation award associated with the IPO. Note 1: Take Rate is defined as Adjusted Net Revenue as a percentage of Gross Bookings. Note 2: See Non-GAAP reconciliations for reconciliation of non-GAAP measures as well as Mobility Adjusted EBITDA as a percentage of Mobility Revenue. Note 3: All measures are for Mobility segment unless otherwise noted. 16#17Delivery Highlights $ in Millions Gross Bookings % Constant Currency Growth YoY Adjusted Net Revenue % Constant Currency Growth YoY Adjusted EBITDA Uber Q3 2020 Earnings $3,658 77% 10.7% $392 109% ($316) (80.6%) $4,374 73% 9.5% $415 154% ($461) (111.1%) Q4 2019 $4,682 54% 11.3% $527 124% ($313) (59.4%) $6,961 113% 12.7% $885 163%* ($232) (26.2%) $8,550 135% 13.3% O $1,135 191% ($183) (16.1%) +145%** Gross Bookings Growth YoY +10pp Adjusted EBITDA margin as a % of ANR QOQ Adjusted Net Revenue: Take Rate Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of ANR Q3 2019 Q1 2020 Q2 2020 Q3 2020 *Q2'20 constant currency growth rate excludes the impact of the Driver appreciation award associated with the IPO. **145% Gross Bookings growth excludes the impact of Eats India and other market exits. Note 1: Take Rate is defined as Adjusted Net Revenue as a percentage of Gross Bookings. Note 2: See Non-GAAP reconciliations for reconciliation of non-GAAP measures as well as Delivery Adjusted EBITDA as a percentage of Delivery Revenue. Note 3: All measures are for Delivery segment unless otherwise noted. 17#18Q3 Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Investor FAQ Uber Q3 2020 Earnings#19Condensed Consolidated Statements of Operations (Unaudited) $ in Millions, except share amounts, which are in thousands, and per share amounts Uber Q3 2020 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 loss from equity method investments Provision for (benefit from) income taxes Loss from equity method investments, net of tax 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 loss per share attributable to common stockholders: Basic Diluted Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 $3,813 1,860 498 1.113 755 591 102 $4,919 ($1,106) (90) 49 (1,147) 3 (9) (1,159) 3 ($1,162) ($0.68) ($0.68) 1,700,213 1,700,213 $3,129 1,614 365 924 493 711 138 $4,245 ($1,116) (112) 151 (1,077) 23 (8) (1,108) (19) ($1,089) ($0.62) ($0.62) 1,755,029 1,755,029 2019 $10,078 5,281 1,796 3,375 4,228 2,652 371 $17,703 ($7,625) (458) 707 (7,376) 20 (25) (7,421) (11) ($7,410) ($6.79) ($6.79) 1,092,241 1,092,241 2020 $8,913 4,652 1,450 2,545 1,722 2,135 395 $12,899 ($3,986) (340) (1,688) (6,014) (215) (27) (5,826) (27) ($5,799) ($3.33) ($3.33) 1,739,488 1,739,488 19#20Condensed Consolidated Balance Sheets (Unaudited) $ in Millions Uber Q3 2020 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 Collateral held by insurer 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, 2019 $10,873 440 99 1,214 1,299 $13,925 1,095 1,199 10,527 1,364 1,731 1,594 71 167 88 $31,761 As of September 30, 2020 $6,154 1,132 218 773 1,135 $9,412 1,394 940 8,983 1,190 1,883 1,327 654 2,988 123 $28,894 20#21Continued: Condensed Consolidated Balance Sheets (Unaudited) $ in Millions Uber Q3 2020 Earnings Liabilities, mezzanine equity 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 Mezzanine equity 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, mezzanine equity and equity As of December 31, 2019 $272 1,121 196 4,050 $5,639 2,297 5,707 1,523 1,412 $16,578 311 30,739 (187) (16,362) 14,190 682 $14,872 $31,761 As of September 30, 2020 $240 1,289 175 5,217 $6,921 2,113 6,667 1,527 1,484 $18,712 549 31,549 (445) (22,162) 8,942 691 $9,633 $28,894 21#22Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Millions Uber Q3 2020 Earnings Cash flows from operating activities Net loss including non-controlling interests Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization Bad debt expense Stock-based compensation Gain on extinguishment of convertible notes and settlement of derivatives Gain on business divestitures, net Deferred income taxes Revaluation of derivative liabilities Accretion of discount on long-term debt Loss from equity method investments Unrealized (gain) loss on debt and equity securities, net Impairment of debt and equity securities Impairments of goodwill, long-lived assets and other assets Unrealized foreign currency transactions Other Change in assets and liabilities, net of impact of business acquisition and disposals: Accounts receivable Prepaid expenses and other assets Collateral held by insurer Operating lease right-of-use assets Accounts payable Accrued insurance reserves Accrued expenses and other liabilities Operating lease liabilities Net cash used in operating activities Nine Months Ended September 30, 2019 2020 ($7,421) 371 79 4,353 (444) (55) (58) 80 25 (1) (16) 3 (342) (467) 135 (23) 356 997 (94) ($2,522) ($5,826) 395 51 591 (127) (272) 36 27 123 1,690 372 44 (39) 380 159 259 274 (34) (16) 77 (104) ($1,940) 22#23Continued: Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Millions Uber Q3 2020 Earnings Cash flows from investing activities Proceeds from sale and disposal of property and equipment Purchases of property and equipment Purchases of marketable securities Proceeds from maturities and sales of marketable securities Proceeds from business disposal, net of cash divested Acquisition of business, net of cash acquired Return of capital from equity method investee Purchase of note receivable Purchase of non-marketable equity securities Other investing activities Net cash used in investing activities Cash flows from financing activities Proceeds from issuance of common stock upon initial public offering, net of offering costs Taxes paid related to net share settlement of equity awards Proceeds from issuance of common stock related to private placement Proceeds from issuance of subsidiary preferred stock units Proceeds from the issuance of common stock under the Employee Stock Purchase Plan Issuance of senior notes, net of issuance costs Principal repayment on Careem Notes Principal payments on finance leases Other financing activities Net cash provided by 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 Reclassification from assets held for sale during the period End of period, excluding cash classified within assets held for sale Nine Months Ended September 30, 2019 2020 $41 (406) 293 (7) ($79) 7,973 (1,514) 500 1,000 1.189 (120) (6) $9,022 (23) 6,398 8,209 34 $14,641 $2 (493) (1,493) 801 (1,536) 91 (85) (10) 46 ($2,677) (15) 82 1,492 (891) (175) (10) $483 (167) (4,301) 12,067 $7,766 23#24Q3 Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Investor FAQ Uber Q3 2020 Earnings#25Select Non-GAAP Expenses and Other Line Items (Unaudited) $ in Millions Adjusted Net Revenue Contra Revenue: One time items Non-GAAP Costs and Expenses Cost of revenue, exclusive of depreciation and amortization Operations and support Sales and marketing Research and development General and administrative Total Non-GAAP Costs and Expenses Adjusted EBITDA Uber Q3 2020 Earnings Sep 30 '19 $3,533 1,601 470 1,063 466 518 $4,118 ($585) Three Months Ended Dec 31 '19 $3,730 1,605 481 1,217 468 574 $4,345 ($615) Mar 31 '20 $3,256 5 1,486 473 860 478 576 $3,873 ($612) Jun 30'20 $1,918 33 888 361 690 421 428 $2,788 ($837) Sep 30'20 $2,813 1,281 351 911 391 504 $3,438 ($625) Note: One time items include Legal, tax, and regulatory reserve changes and settlements, the Driver Appreciation award associated with our IPO and spend related to our Eats India transaction and related costs. 25#26GAAP to Non-GAAP Reconciliation: Q3 '20 (Unaudited) $ in Millions Revenue to Adjusted Net Revenue Contra Revenue: Legal, tax and regulatory reserve changes and settlements Costs and expenses Cost of Revenue, exclusive of depreciation and amortization Operations and support Sales and marketing Research and development General and administrative Depreciation and amortization Total costs and expenses Loss from operations Uber Q3 2020 Earnings Sep 30'20 GAAP $3,129 $1,614 $365 $924 $493 $711 $138 $4,245 ($1,116) Excess Driver Driver Incentives Referrals ($316) (316) ($316) ($2) (2) ($2) COVID-19 Response Initiatives $2 (16) ($16) $18 Acquisition, financing, and divestitures related expenses (1) (2) (11) ($14) $14 Accelerated lease costs related to cease-use of ROU asssets (80) ($80) $80 Goodwill and Asset Impairment / Loss on Sale of Assets (2) (74) ($76) $76 Three Months Ended Loss on lease terminations 12 $12 ($12) Restructuring and related charges 6 $6 ($6) Depreciation & Amortization (138) ($138) $138 Stock-Based Compensation (16) (11) (102) (54) ($183) $183 Sep 30'20 Non-GAAP $2,813 $1,281 $351 $911 $391 $504 $3,438 ($625) 26#27GAAP to Non-GAAP Reconciliation: Q3 '19 (Unaudited) $ in Millions Revenue to Adjusted Net Revenue Contra Revenue: Legal, tax and regulatory reserve changes and settlements and the Driver appreciation award Costs and expenses Cost of Revenue, exclusive of depreciation and amortization Operations and support Sales and marketing Uber Research and development General and administrative Depreciation and amortization Total costs and expenses Loss from operations Q3 2020 Earnings Sep 30 '19 GAAP $3,813 $1,860 $498 $1,113 $755 $591 $102 $4,919 ($1,106) Excess Driver Incentives ($259) (259) ($259) Driver Restructuring Referrals Charges ($21) (21) Three Months Ended ($21) (2) (13) (27) (3) ($45) $45 Legal, tax, and regulatory reserves and settlements 27 $27 ($27) Depreciation & Amortization (102) ($102) $102 Stock-Based Compensation (26) (16) (262) (97) ($401) $401 Sep 30 '19 Non-GAAP $3,533 $1,601 $470 $1,063 $466 $518 $4,118 ($585) 27#28GAAP to Non-GAAP Reconciliations (Unaudited) Revenue Excess Driver incentives Driver referrals COVID-19 response initiatives Adjusted Net Revenue GAAP Cost of Revenue Excess Driver incentives Goodwill and asset impairment/loss on sale of assets 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 Goodwill and asset impairment/loss on sale of assets COVID-19 response initiatives Acquisition, financing and divestitures related expenses Stock-based compensation Non-GAAP Operations and support Uber Q3 2020 Earnings Sep 30'19 $3,813 (259) (21) $3,533 1,860 (259) $1,601 $498 (2) (26) $470 Dec 31 '19 $4,069 (322) (17) $3,730 1,927 (322) $1,605 $506 (2) (23) $481 Three Months Ended Mar 31'20 $3,543 (295) (11) 19 $3,256 1,786 (295) (5) $1,486 $503 (5) (25) $473 Jun 30'20 $2,241 (328) (1) 6 $1,918 1,252 (328) (10) (22) (4) $888 $582 (187) (6) (7) (10) (11) $361 Sept 30'20 $3,129 (316) (2) 2 $2,813 1,614 (316) (16) (1) $1,281 $365 6 (2) (2) (16) $351 $ in Millions 28#29Continued: GAAP to Non-GAAP Reconciliations (Unaudited) GAAP Sales and marketing Driver Referrals Restructuring and related charges COVID-19 response initiatives Stock-based compensation and marketing GAAP Research and development Restructuring and related charges Acquisition, financing and divestitures related expenses Stock-based compensation Non-GAAP Research and development Non-G 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 Acquisition, financing, and divestitures related expenses Accelerated lease costs related to cease-use of ROU asssets Loss on lease terminations Stock-based compensation Non-GAAP General and administrative Uber Q3 2020 Earnings Sep 30'19 $1,113 (21) (13) (16) $1,063 $755 (27) (262) $466 $591 27 (3) (97) $518 Dec 31 '19 $1,251 (17) (4) (13) $1,217 $608 (4) (136) $468 $647 (2) (71) $574 Three Months Ended Mar 31 '20 $885 (11) (14) $860 $645 (167) $478 $859 (19) (193) (71) $576 Jun 30 '20 $736 (1) (22) (13) (10) $690 $584 (86) (5) (72) $421 $565 (5) (87) (7) (38) $428 Sept 30'20 $924 (2) (11) $911 $493 (102) $391 $711 (74) (11) (80) 12 (54) $504 $ in Millions 29#30Adjusted Net Revenue Reconciliation (Unaudited) $ in Millions Adjusted Net Revenue reconciliation: Revenue Deduct: Excess Driver incentives Driver referrals Add: COVID-19 response initiatives Adjusted Net Revenue Adjusted Net Revenue by Segment Mobility Delivery Freight Other Bets ATG & Other Technology Programs Adjusted Net Revenue Uber Q3 2020 Earnings Sep 30'19 $3,813 (259) (21) $3,533 Sep 30 '19 $2,868 392 218 38 17 $3,533 Dec 31 '19 $4,069 (322) (17) $3,730 Dec 31 '19 $3,036 415 219 35 25 $3,730 Three Months Ended Mar 31'20 $3,543 (295) (11) 19 $3,256 Three Months Ended Mar 31 '20 $2,475 527 199 30 25 $3,256 Jun 30 '19 $2,241 (328) (1) 6 $1,918 Jun 30 '19 $793 885 211 4 25 $1,918 Sep 30'20 $3,129 (316) (2) 2 $2,813 Sep 30 '20 $1,365 1,135 288 $25 $2,813 30#31Segment Adjusted Net Revenue Reconciliation (Unaudited) $ in Millions Mobility Adjusted Net Revenue reconciliation: Mobility revenue Deduct: Excess Driver incentives Driver referrals Add: COVID-19 response initiatives Mobility Adjusted Net Revenue Delivery Adjusted Net Revenue reconciliation: Delivery revenue Deduct: Excess Driver incer Driver referrals Add: Uber COVID-19 response initiatives Delivery Adjusted Net Revenue ves Q3 2020 Earnings Sep 30 '19 $2,895 (12) (15) $2,868 Sep 30 '19 $645 (247) (6) $392 Dec 31 '19 $3,056 (7) (13) $3,036 Dec 31 '19 $734 (315) (4) $415 Three Months Ended Mar 31'20 $2,470 (3) (9) 17 $2,475 Three Months Ended Mar 31 '20 $819 (292) (2) 2 $527 Jun 30 '19 $790 (2) (1) 6 $793 Jun 30 '19 $1,211 (326) $885 Sep 30 '20 $1,365 (1) (1) 2 $1,365 Sep 30 '20 $1,451 (315) (1) $1,135 Note: Freight Adjusted Net Revenue, All Other Adjusted Net Revenue and ATG and Other Technology Program Adjusted Net Revenue do not include excess Driver incentives or Driver referrals and are equal to GAAP revenue in all periods. 31#32Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Mobility Delivery Freight All Other ATG and Other Technology Programs 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 Gain (loss) on lease arrangement 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 Loss from equity method investments Provision for (benefit from) income taxes Net income (loss) attributable to non-controlling interest, net of tax Net income (loss) attributable to Uber Technologies, Inc. Uber Q3 2020 Earnings Sep 30 '19 $631 (316) (81) (72) (124) (623) ($585) 27 (45) (102) (401) 49 (90) (9) (3) (3) ($1,162) Dec 31 '19 $742 (461) (55) (67) (130) (644) ($615) (12) (101) (243) 15 (101) (9) (25) (5) ($1,096) Three Months Ended Mar 31'20 $581 (313) (64) (63) (108) (645) ($612) (19) (193) (10) (24) (128) (277) (1,795) (118) (12) 242 10 ($2,936) Jun 30'20 $50 (232) (49) (23) (91) (492) ($837) (38) (16) (382) (7) (19) (48) (129) (131) (44) (110) (7) (4) (3) ($1,775) Note: In the second quarter of 2020, Other Bets, which previously consisted of the Company's JUMP business whose divestiture was announced in May, is no longer a reportable segment. Historical results of the former Other Bets segment are included within All Other. Sep 30 ¹20 $245 (183) (73) (104) (510) ($625) (76) 6 12 (14) (80) (18) (138) (183) 151 (112) (8) (23) 19 ($1,089) 32#33Net Income (loss) and Adjusted EBITDA as a % of Revenue $ in Millions Revenue Net income (loss) attributable to Uber Technologies, Inc. Net income (loss) as a percentage of Revenue Mobility Revenue Mobility Adjusted EBITDA Mobility Adjusted EBITDA as a % of Revenue Delivery Revenue Delivery Adjusted EBITDA Delivery Adjusted EBITDA as a % of Revenue Uber Q3 2020 Earnings Sep 30'19 $3,813 (1,162) (30.5%) $2,895 631 21.8% $645 (316) (49.0%) Dec 31 '19 $4,069 (1,096) (26.9%) $3,056 742 24.3% $734 (461) (62.8%) Three Months Ended Mar 31 '20 $3,543 (2,936) (82.9%) $2,470 581 23.5% $819 (313) (38.2%) Jun 30'20 $2,241 (1,775) (79.2%) $790 50 6.3% $1,211 (232) (19.2%) Sep 30 '20 $3,129 (1,089) (34.8%) $1,365 245 17.9% $1,451 (183) (12.6%) 33#34YoY% Growth at Constant Currency and Ex-Driver appreciation award YOY Growth at constant currency and ex-Driver appreciation award Revenue Excess Driver incentives Driver referrals Adjusted Net Revenue Add back: Driver appreciation award Add: Constant currency impact YOY Growth at constant currency and ex-Driver appreciation award Uber Q3 2020 Earnings Q2 2019 14% (2%) -% 12% 11% 23% 3% 26% Q2 2020 (29%) (5%) 1% (33%) (6%) (39%) 2% (37%) Note: The above table presents the reconciliation of YoY% Growth at constant currency and ex-Driver appreciation award to the most directly comparable GAAP financial measures. 34#35Segment YoY% Growth at Constant Currency and Ex-Driver appreciation award YOY Growth at constant currency and ex-Driver appreciation award Revenue Excess Driver incentives Driver referrals Adjusted Net Revenue Add back: Driver appreciation award Add: Constant currency impact YOY Growth at constant currency and ex-Driver appreciation award Uber Q3 2020 Earnings Q2 2019 1% 1% 1% 3% 12% 15% 4% 19% Mobility Q2 2020 (67%) -% 1% (66%) (4%) (70%) 2% (68%) Q2 2019 72% (18%) (1%) 53% 5% 58% 4% 62% Delivery Q2 2020 103% 57% 2% 162% (8%) 154% 9% 163% Note: The above table presents the reconciliation of YoY% Growth at constant currency and ex-Driver appreciation award to the most directly comparable GAAP financial measures. 35#36Q3 Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Investor FAQ Uber Q3 2020 Earnings#37Clarifying EDI misconceptions → Illustrative Example Excess Driver Incentives is a negative revenue re-class and does not represent the incentive levels in a market Eater Pays $34 (Includes $4 in delivery/service fees*) Restaurant Remittance (Net of 30% marketplace fee) Total Delivery Person Remittance GAAP Revenue GAAP EDI Reclass (Cost of Sales) ANR Uber Q3 2020 Earnings Restaurant $30 -$21 $9 Delivery Person Uber Consolidated $34 -$21 $4 -$5 $0 (Negative revenue → reclass to EDI) -$1 Note: The above example represents how transactions are accounted for in an agent model arrangement. *Delivery Fees includes all delivery related fees including Small Order Fees and Service Fees -$5 $9 -$1 $8 GAAP treats the restaurant and Delivery Person contracts separately and splits the Eater payment into two different revenue transactions. Uber balances the economics between both restaurant and eater fees. However, because Eater fees are less than the Delivery Person's costs in this example, the negative revenue from the Delivery Person contract is booked as cost of sales. We use ANR to measure Uber's take net of all restaurant and courier remittances. 37