6
Freight
• Powerloop expansion: Announced the national expansion of Powerloop, Uber Freight's drop-and-hook capacity solution,
alongside new capabilities that further optimize freight networks including an expanded dedicated fleet offering, AI-powered
bundling capabilities, and telematics-enhanced smart trailers, all aimed at providing greater value and flexibility to carriers
and shippers alike.
• Ocean freight visibility solutions: Unveiled new Transportation Management System (“TMS”) features that provide
accurate, real-time visibility for all shipments. These enhancements offer logistics teams comprehensive insights into 99% of
ocean shipments, enabling proactive management of exceptions and potential disruptions for customers with global supply
chains.
Webcast and conference call information
A live audio webcast of our first quarter ended March 31, 2024 earnings release call will be available at https://investor.uber.com/,
along with the earnings press release and slide presentation. The call begins on May 8, 2024 at 5:00 AM (PT) / 8:00 AM (ET). This
press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also
available on that site.
We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press
and earnings releases, on our investor relations website (https://investor.uber.com/), and our blogs (https://uber.com/blog) and Twitter
accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under
Regulation FD.
About Uber
Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a
ride at the touch of a button? More than 49 billion trips later, we're building products to get people closer to where they want to be. By
changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.
Forward-Looking Statements
This press release 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 and 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. 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, 2023 and subsequent quarterly reports
and other filings filed with the Securities and Exchange Commission from time to time. 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. 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 undertake no duty to update this information unless
required by law.
Non-GAAP Financial Measures
To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles
in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA; Free cash flow;
Non-GAAP Costs and Operating Expenses 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