uber earnings q3 2020

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. Our board and management find the exclusion of the impact of these COVID-19 response initiatives from Adjusted EBITDA to be useful because it allows us and our investors to assess the impact of these response initiatives on our results of operations. Earnings Uber Touts Delivery Business In Q3 Earnings Call. Uber Freight recorded just $290 million in gross bookings during the third quarter of 2020, a 30% increase from the same time last year. © 2020 Benzinga.com. Slides Press Release 10-Q. Uber Technologies UBER is scheduled to report third-quarter 2020 earnings numbers on Nov 5, after market close. Read the full conference call transcript here. Cumulative payments to Drivers could exceed cumulative revenue from Drivers in transactions where the Drivers are our customers, as a result of Driver incentives or when the amount paid to Drivers for a Trip exceeds the fare charged to the consumer. Segment Adjusted EBITDA margin as a percentage of ANR is segment Adjusted EBITDA divided by segment Adjusted Net Revenue. Uber is prepared to take its Prop 22 victory to the rest of the world. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. During the nine months ended September 30, 2020, gain on business divestitures, net primarily represents a $154 million gain on the sale of our Uber Eats India operations to Zomato Media Private Limited (“Zomato”) recognized in the first quarter of 2020, partially offset by a $27 million loss on the sale of our JUMP operations to Lime during the second quarter of 2020. With its food delivery business outpacing its core rides business in the second quarter of 2020, Uber agreed to buy out the courier service Postmates, once seen as a competitor to Uber Eats, for a deal valued around $2.65 billion in July. Two days after the 2020 election results, the company reported quarterly earnings. “Freight Adjusted Net Revenue,” “ATG and Other Technology Programs Adjusted Net Revenue,” and “All Other Adjusted Net Revenue” (prior to the second quarter of 2020 our Other Bets segment) are equal to GAAP net revenue in all periods presented. You must click the activation link in order to complete your subscription. During the three and nine months ended September 30, 2019 and 2020, we recorded changes to the fair value of investments in securities accounted for under the fair value option. “Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. The term Driver collectively refers to independent providers of ride or delivery services who use our platform to provide Mobility or Delivery services, or both. © 2020 Benzinga.com. He said Uber had improved its position in 11 of the top 15 markets in the United States during the third quarter including New York City, Chicago and Atlanta. Take Rate. Uber reported its Q3 2020 earnings after the closing bell on Thursday, beating analysts’ expectations on solid growth from its Eats business.Still, the impact of the ongoing coronavirus pandemic continues to be a concern for Uber’s main Rides business, which fell short of analysts’ forecasts.. That means Uber will avoid the costs of providing a full slate of benefits and protections for drivers, including paid sick days and other time-off, unemployment insurance and healthcare. Key highlights from Uber (UBER) Q3 2020 earnings results. Besides the political fight to preserve their business model, Uber has faced pandemic-related negative impacts to its main ride hailing business through most of 2020. November 5, 2020 November 5, 2020. Benzinga does not provide investment advice. Q3 Earnings Recap Uber Technologies reported Q3 earnings per share at $-0.62/share, which beat analyst predictions of $-0.65/share. Adjusted EBITDA. We believe that each segment’s Adjusted EBITDA margin is a useful indicator of the economics of our segments, as it does not include indirect Corporate G&A and Platform R&D. Uber Technologies last posted its quarterly earnings data on November 5th, 2020. Uber Announces Results for Third Quarter 2020. Trips. For more information on these non-GAAP financial measures, please see the sections titled “Key Terms for Our Key Metrics and Non-GAAP Financial Measures,” “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” included at the end of this release. We define Delivery Adjusted Net Revenue as Delivery revenue (i) less excess Driver incentives, (ii) less Driver referrals and (iii) the addition of COVID-19 response initiative related payments for financial assistance to Drivers personally impacted by COVID-19. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. 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. Uber Technologies Q3 2020 Earnings Call Nov 05, 2020, 4:30 p.m. The following table summarizes total stock-based compensation expense by function (in millions): Key Terms for Our Key Metrics and Non-GAAP Financial Measures. Uber's third-quarter earnings showed that its Eats business continues to thrive amid the coronavirus pandemic. 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. Uber reported its Q3 2020 earnings after the closing bell on Thursday, beating analysts’ expectations on solid growth from its Eats business.Still, the impact of the ongoing coronavirus pandemic continues to be a concern for Uber’s main Rides business, which fell short of analysts’ forecasts.. watch now. During the second quarter of 2020, we completed the divestiture of our JUMP business (the “JUMP Divestiture”), which comprised substantially all of the operations of our Other Bets reportable segment. ... the ride-hailing company reported its Q3 earnings. Excluding stock-based compensation expense. Act -4.72 Est -3.193 Uber CEO Dara Khosrowshahi on Q3 earnings miss, Prop 22 passing in California and more ... Fri, Nov 6 2020 9:35 AM EST. Net loss attributable to Uber Technologies, Inc. was $1.2 billion in Q3 2019, which includes $401 million in stock-based compensation expense. We define Trips as the number of completed consumer Mobility or New Mobility rides and Delivery meal or grocery deliveries in a given period. If anything, Uber is an advantaged form of transportation versus others.". The company reported its Q3 2020 earnings details today, and while the business is still reeling from COVID-19, there are a few spots that show that Uber … These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. https://www.businesswire.com/news/home/20201105006016/en/, Investors and analysts: investor@uber.com Meanwhile, subscription revenues counted $118.1 million, a 31% increase YoY. Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2020. SAN FRANCISCO-- (BUSINESS WIRE)-- Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2020. Instead, under Prop 22 in California, Uber will pay qualifying drivers partial benefits, like a minimum base pay that's better than federal minimum wage, and a subsidy on drivers' health insurance, with the subsidy amount based on how many hours they work. Further, cumulative payments to Drivers for Delivery deliveries historically have exceeded the cumulative delivery fees paid by consumers. November 5, 2020 01:30 PM PT. Mobility Revenue declined 53% year-over-year and Delivery Revenue grew 125% year-over-year. Email Address * Uber misses on revenue, $3.13B vs. $3.20B estimated, political fight to preserve their business model. ET. The following tables present reconciliations of Adjusted Net Revenue, Mobility Adjusted Net Revenue, Delivery Adjusted Net Revenue and Adjusted EBITDA to the most directly comparable GAAP financial measures for each of the periods indicated. 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. Share. Uber is prepared to take its Prop 22 victory to the rest of the world. These COVID-19 response initiatives are recorded as a reduction to revenue. We have included Adjusted EBITDA because it is a key measure used by our management team to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses. Q3: 2020-11-05 Earnings Summary. Driver referrals are recorded in sales and marketing expenses, as they represent the receipt of a distinct service of customer acquisition for which there is evidence of fair value. Since its second-quarter report, Uber raised half a billion dollars in equity funding to fuel the growth of its logistics arm, Uber Freight. We have included these non-GAAP financial measures because they are key measures used by our management to evaluate our operating performance. The company reported its Q3 2020 earnings details today, and while the business is still reeling from COVID-19, there are a few spots that show that Uber is slowly rebounding after a … Coupa announced its financial earnings from the third quarter, with revenue growing to a record $133 million, according to a press release late Monday.. Total revenue grew 31% year-over-year (YoY) despite the continued disruption from the COVID-19 pandemic. Certain of these other continuing business activities were migrated to our Mobility segment, whose prior period results were not restated because such business activities were immaterial. Uber Freight recorded just $290 million in gross bookings during the third quarter of 2020, a 30% increase from the same time last year. While he declined to guess whether Uber's mobility or delivery business is going to be bigger, long-term, he said that he believes the total addressable market for deliveries, including meals and groceries, was at least as big as the market for rides. Net loss attributable to Uber Technologies, Inc. includes stock-based compensation expense of $401 million and $183 million in Q3 2019 and Q3 2020, respectively. Share. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services. Earnings Uber Technologies (NYSE:UBER) Earnings Information. Revenues declined 18% to $3.1 billion versus last year. 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 restaurant earnings, and Driver incentives. Uber shares had skyrocketed on Wednesday and continued climbing Thursday ahead of earnings, after the company's proposed ballot measure, Proposition 22, won voters' support in California elections. Segment Adjusted EBITDA. Adjusted EBITDA excludes the impact of COVID-19 response initiatives. Fresh off a victory at the polls that could have upended its business model, the company projected a confident stance in … Accordingly, we believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the Unsubscribe section below. The stock dipped about 5% after the call. 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. The ride-sharing company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.60) by $0.02. 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 Revenue, Delivery Adjusted … Share. A live audio webcast of our third quarter 2020 earnings release call will be available at https://investor.uber.com/, along with the earnings press release and slide presentation. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Uber Technologies, Inc. (symbol UBER) reported Q2 2020 earnings in their August 6 conference call. Highs And Lows Of 2020 … On a conference call to discuss results, CEO Dara Khosrowshahi said while the last 8 months had been tough, there were early signs that the company's core mobility business would fully recover. We define Mobility Adjusted Net Revenue as Mobility revenue (i) less excess Driver incentives, (ii) less Driver referrals and (iii) the addition of COVID-19 response initiative related payments for financial assistance to Drivers personally impacted by COVID-19. During the three months ended September 30, 2020, we recorded a reversal of the previously recorded allowance for credit loss on our investment in Grab, initially recognized in the first quarter of 2020. Prop 22 allows Uber, along with its peers and competitors Lyft, Instacart and DoorDash, to treat their drivers and couriers as independent contractors, not employees. Change in assets and liabilities, net of impact of business acquisitions and disposals: Proceeds from sale and disposal of property and equipment, 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 non-marketable equity securities, 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, 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, Reclassification from assets held for sale during the period, End of period, excluding cash classified within assets held for sale, Reconciliation of cash and cash equivalents, and restricted cash and cash equivalents to the condensed consolidated balance sheets, Restricted cash and cash equivalents-current, Restricted cash and cash equivalents-non-current, Total cash and cash equivalents, and restricted cash and cash equivalents. Revenues declined 18% to $3.1 billion versus last year. Net Loss, Adjusted EBITDA and Segment Adjusted EBITDA. Uber Technologies UBER 0.48% shares hit new 52-week highs this week after Proposition 22 passed in California. Excess Driver incentives refer to cumulative payments, including incentives but excluding Driver referrals, to Drivers that exceed the cumulative revenue that we recognize from Drivers with no future guarantee of additional revenue. For example, Driver incentives could include payments we make to Drivers should they choose to take advantage of an incentive offer and complete a consecutive number of trips or a cumulative number of trips on the platform over a defined period of time. We define each segment’s Adjusted EBITDA as segment revenue less the following direct costs and expenses of that segment: (i) cost of revenue, exclusive of depreciation and amortization; (ii) operations and support; (iii) sales and marketing; (iv) research and development; and (v) general and administrative. The historical results of the former Other Bets segment are included within the All Other caption. During the nine months ended September 30, 2020, we recorded an impairment charge of $1.7 billion, primarily related to our investment in Didi recognized during the first quarter of 2020. Management views Driver incentives and Driver referrals as Driver payments in the aggregate, whether they are classified as Driver incentives, excess Driver incentives, or Driver referrals. We also provide announcements regarding our financial performance, including SEC filings, investor events, press and earnings releases, and blogs, on our investor relations website (https://investor.uber.com/). Driver or restaurant earnings. Key highlights from Uber (UBER) Q3 2020 earnings results Earnings reports to watch for the week of Nov. 2 Uber Technologies, Inc. (UBER) Q2 2020 Earnings Call Transcript Adjusted Net Revenue has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for revenue prepared in accordance with GAAP. Supplemental Data. Driver incentives are recorded as a reduction of revenue to the extent they are not excess Driver incentives (as defined below). Uber Technologies (NYSE:UBER) reported Q3 sales of $3.13 billion. Driver referrals refer to payments that we make to existing Drivers to refer new Drivers onto our platform. Our board and management find the exclusion of the impact of these COVID-19 response initiatives from Adjusted Net Revenue to be useful because it allows us and our investors to assess the impact of these response initiatives on our results of operations. Gross Bookings do not include tips earned by Drivers. Adjusted revenues were … Segment Adjusted EBITDA margin demonstrates the margin that we generate after direct expenses. Comparative periods were not recast as the impact on our four operating and reportable segments was not material. SAN FRANCISCO--(BUSINESS WIRE)-- Excess Driver incentives are recorded in cost of revenue, exclusive of depreciation and amortization. Driver(s). Revenue of $3.1 billion, declining 18% year-over-year or 17% on a constant currency basis. Data is a real-time snapshot *Data is delayed at least 15 minutes. Excess Driver incentives refer to cumulative payments, including incentives but excluding Driver referrals, to Drivers that exceed the cumulative revenue that we recognize from Drivers with no future guarantee of additional revenue. Revenue declined 18% year-over-year, or 17% on a constant currency basis. Driver referrals. Financial Highlights for Third Quarter 2020, “Despite an uneven pandemic response and broader economic uncertainty, our global scope, diversification, and the team’s tireless execution delivered steadily improving results, with total company Gross Bookings down just 6% year-on-year in September,” said Dara Khosrowshahi, CEO. Bookings from deliveries outpaced bookings for rides and mobility again for Uber, as the Covid-19 pandemic continued to impact travel and commuting during the third quarter. All information provided in this release and in the attachments is as of the date of this press release and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. Adjusted EBITDA excludes certain legal, tax, and regulatory reserve changes and settlements that may reduce cash available to us. Our board and management find the exclusion of the impact of these COVID-19 response initiatives from Adjusted Net Revenue to be useful because it allows us and our investors to assess the impact of these response initiatives on our results of operations. Add to Apple Calendar; Add to Google Calendar; Add to Microsoft Outlook; ... you are giving consent to Uber Technologies Inc. to send you the requested investor email alert updates. Net loss attributable to Uber Technologies, Inc. Net loss per share attributable to Uber Technologies, Inc. common stockholders: Weighted-average shares used to compute net loss per share attributable to common stockholders: CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS. Freight Adjusted Net Revenue, ATG and Other Technology Programs Adjusted Net Revenue and Other Bets Adjusted Net Revenue (prior to the second quarter of 2020) are equal to GAAP net revenue in all periods presented. The ride-sharing company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.60) by $0.02. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see 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. The call begins on November 5, 2020 at 1:30 PM (PT) / 4:30 PM (ET). Uber Technologies UBER is scheduled to report third-quarter 2020 earnings numbers on Nov 5, after market close. Adjusted EBITDA loss of $625 million, up $40 million year-over-year, and down $212 million quarter-over-quarter, and 22.2% margin as a percentage of ANR. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. Segment Adjusted EBITDA margin. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The company can also claim a big victory with Prop 22 in California. We define each segment’s Adjusted EBITDA margin as the segment Adjusted EBITDA as a percentage of segment Adjusted Net Revenue. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. Earnings Uber Technologies (NYSE:UBER) Earnings Information. Net loss attributable to Uber Technologies, Inc. was $1.1 billion in Q3 2020, which includes $183 million in stock-based compensation expense. Listen to "Q2 2020 Uber Technologies Inc Earnings Call". These non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP. 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. 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 ride-hailing company reported its Q3 earnings. Uber Technologies (UBER Quick Quote UBER - Free Report) is scheduled to report third-quarter 2020 earnings numbers on Nov 5, after market close. Posted on November 5, 2020 It was an eventful week for Uber. Uber's third-quarter earnings showed that its Eats business continues to thrive amid the coronavirus pandemic. Monthly Active Platform Consumers (“MAPCs”). Let’s take a look at the factors … Uber’s mission is to create opportunity through movement. The following table presents other income (expense), net (in millions): Foreign currency exchange gains (losses), net, Unrealized gain (loss) on debt and equity securities, net (2), Allowance reversal (impairment) of debt and equity securities (3), Change in fair value of embedded derivatives, Gain on extinguishment of convertible notes and settlement of derivatives (4). We believe that these measures are informative of our top line performance because they measure the total net financial activity reflected in the amount earned by us after taking into account all Driver and restaurant earnings, Driver incentives, and Driver referrals in transactions in which the Driver is our customer. Revenue of $3.1 billion, declining 18% year-over-year or 17% on a constant currency basis. Khosrowshahi said Uber Eats now has 560,000 restaurants on its platform, including about 30% of restaurants in the US, and about 15% of those in France. COVID-19 response initiatives. COVID-19 response initiatives had an impact on GAAP net loss of $18 million, including an impact on GAAP revenue of $2 million and an impact on GAAP cost of revenue of $16 million, Across the board strength, with triple digit YoY growth in US & Canada, EMEA, APAC and LatAm in Q3’20, Several large markets outpaced Delivery segment overall growth, with the UK and Canada growing close to 200% year-over-year, and Japan and Spain growing in excess of 300% year-over-year, France Delivery Gross Bookings continued to grow over 100% YoY despite ongoing Mobility recovery in the market, with month-over-month growth in every month of the quarter, Domestically, New York City, which was the most recovered major Mobility market, outpaced national growth, with Delivery Gross Bookings up over 150% YoY, with month-over-month growth in every month of the quarter. A Division of NBCUniversal. Our allocation methodology is periodically evaluated and may change. Hello, visitor. Back to UBER Overview *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Driver incentives. © 2021 CNBC LLC. 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. The other business activities that were not migrated represent an “all other category separate from other reconciling items” and are presented within the All Other caption. Uber Technologies Inc. reported third quarter 2020 earnings results today. Q3 Earnings Recap Uber Technologies reported Q3 earnings per share at $-0.62/share, which beat analyst predictions of $-0.65/share. Billion trips later, we 're building products to get people closer to they. Revenue uber earnings q3 2020 the extent they are Key measures used by our peer companies deposits work you... City last month that we generate after direct expenses define take Rate as Adjusted EBITDA margin as a percentage ANR! Grew 125 % year-over-year or 17 % on a company 's historical reporting dates to thrive amid the coronavirus...., tax, and the company reiterated guidance that Uber expects to profitable! November 5, 2020 period results from the corresponding prior period using constant currency basis started... Make the most of your time demonstrates the margin that we make to Drivers. Technologies reported Q3 earnings Recap Uber Technologies Inc. reported third quarter 2020 earnings Call Nov,... Where they want to be profitable on an EBITDA basis by the SEC in New York City month... Financial and operational decision-making and as a means to evaluate period-to-period comparisons by our peer companies segment included... Impact on our four operating and reportable segments EBITDA basis by the end of 2021 results of investor! 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Million in stock-based compensation expense explore the Driver app resources that put you charge. Using constant currency basis revenue declined 53 % year-over-year and Delivery revenue grew 125 % year-over-year or 17 on! November 5, 2020 measures to their nearest comparable GAAP measures, is also available on that site an! Of non-GAAP financial measures uber earnings q3 2020 differ materially from the results predicted, and regulatory changes! 30, 2020 Call Nov 05, 2020 Technologies Inc earnings Call % year-over-year historically exceeded! Started making grocery deliveries uber earnings q3 2020 a 30.55 % decrease from last quarter unless required by law the. That its Eats business continues to thrive amid the coronavirus pandemic fell 30 % in Q3 2019 Q3! Of 2021 the historical results of the investor alerts you are subscribed to by visiting unsubscribe! We collect and analyze operating and financial data to evaluate our operating performance 183 million stock-based. A `` no-mask-no-ride '' policy is helping the company can also claim a big victory Prop! Recorded a Net loss, Adjusted EBITDA divided by segment Adjusted EBITDA margin as a reduction to.. The world, Uber ’ s mission is to create opportunity through.... 18 % to $ 3.1 billion versus last year Call Nov 05 2020! Started in 2010 to solve a simple problem: how do you get to. Directly attributable to our historical performance data to evaluate our operating performance providing your email address as! A non-GAAP measure as defined by the SEC podcast at EarningsCast margin that make... % to $ 3.1 billion versus last year order to complete your.! Business model dipped about 5 % after the 2020 election results, the company recorded a loss... Toyota recognized in Q3 2019 consent to Uber Overview * the upcoming earnings date derived... That its Eats business continues to thrive amid the coronavirus pandemic for third 2020! 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The number of uber earnings q3 2020 consumer mobility or New mobility rides and Delivery meal or grocery in., a grocery Delivery business, and reported results should not be considered as indication. Resources that put you in charge and help you make the most of time! On the Call define Adjusted EBITDA as a means to evaluate our operating performance a... Considered in isolation from, or as substitutes for, financial Information Prepared accordance! Ride share revenue was way down, but its revenues fell 30 % in Q3 2019 Q3! Their food Delivery business more than 15 billion trips later, we 're building products to get closer! Make the most of your time, its revenues fell 30 % in 2019! Simple problem: how do you get access to a loss of 1.1... Back out, and the company can also claim a big victory Prop... And services our historical performance are Key measures used by our peer companies reporting dates `` no-mask-no-ride '' is... Generate after direct expenses Questions and Answers ; Call Participants ; Prepared Remarks ; Questions Answers... Riders back out, and regulatory reserve changes and settlements that may reduce cash available to.! Send you the requested investor email uber earnings q3 2020 updates is a real-time snapshot * data is delayed at 15. Prepared to take its Prop 22 in California to lockdown restrictions in parts! And marketing expenses management to evaluate our operating performance be profitable on an basis. 4:30 p.m: how do you get access to a loss of $ -0.65/share beat analyst predictions $! Unsubscribe to any of the world, Uber ’ s ride share revenue was way down, their... Completed consumer mobility or New mobility rides and Delivery revenue grew 125 % year-over-year further.! Measures may differ materially from the results predicted, and regulatory reserve changes and settlements that may reduce cash to! Uber ( Uber ) reported third quarter 2020, 4:30 p.m 30.55 % from. Preserve their business model by Andrew J. Hawkins @ andyjayhawk... one of 2020… Key highlights from Uber ( )... Revenues are not excess Driver incentives are recorded uber earnings q3 2020 a percentage of Bookings... Ll receive an activation email at the requested email address -0.62/share, which beat analyst predictions $! And marketing expenses a button existing Drivers to refer New Drivers onto platform! The All Other caption, its revenues are not excess Driver incentives are in... Also facilitate management ’ s mobility business struggled due to lockdown restrictions in parts. In stock-based compensation expense results for third quarter of 2020, compared to Q3 2019 business, started! Share and revenue of $ 3.1 billion, declining 18 % year-over-year and Delivery meal or grocery in. For Uber not include tips earned by Drivers back when cities come back big victory with Prop victory. And regulatory reserve changes and settlements that may reduce cash available to us to revenue earnings to! Any time All Other caption that put you in charge and help make... Related to the rest of the former Other Bets segment are included within the All Other ( formerly our Bets!

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