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● Uber Announces Results for First Quarter 2021 Gross Bookings reached an all - time high of $ 19.5B , up 24 % year - over - year Net loss of $ ( 108 ) million and Adjusted EBITDA of $ ( 359 ) million SAN FRANCISCO - May 5 , 2021 – Uber Technologies , Inc. ( NYSE : UBER ) today announced financial results for the quarter ended March 31 , 2021 . Financial Highlights for First Quarter 2021 Gross Bookings grew 24 % year - over - year ( " YoY " ) to $ 19.5 billion , or 22 % on a constant currency basis , with Mobility Gross Bookings of $ 6.8 billion ( 38 % YoY ) and Delivery Gross Bookings of $ 12.5 billion ( + 166 % YoY ) . ● Exhibit 99.1 Revenue of $ 2.9 billion and Mobility Revenue of $ 853 million were reduced by a $ 600 million accrual made for the resolution of historical claims in the UK relating to the classification of drivers . Delivery Revenue of $ 1.7 billion grew 28 % QoQ and 230 % YoY . Revenue , excluding the UK accrual , of $ 3.5 billion grew 11 % QoQ and 8 % YoY , and Mobility Revenue , excluding the UK accrual , of $ 1.5 billion declined 1 % QoQ and 41 % YoY . Net loss attributable to Uber Technologies , Inc. was $ 108 million , which includes $ 281 million in stock - based compensation expense . Net loss benefited from a $ 1.6 billion gain from the divestiture of ATG , partly offset by the $ 600 million UK accrual . Adjusted EBITDA of $ ( 359 ) million improved by $ 95 million QoQ and by $ 253 million YoY , representing a ( 1.8 ) % margin as a percentage of Gross Bookings and a ( 12.4 ) % margin as a percentage of revenue . Mobility Adjusted EBITDA of $ 298 million , up $ 5 million QoQ and down $ 283 million YoY , representing 4.4 % margin as a percentage of Mobility Gross Bookings and a 34.9 % margin as a percentage of Mobility Revenue ( 20.5 % margin as a percentage of Mobility Revenue excluding the UK accrual ) . Delivery Adjusted EBITDA of $ ( 200 ) million , down $ 55 million QoQ but up $ 113 million YoY , representing a ( 1.6 ) % margin as a percentage of Delivery Gross Bookings and a ( 11.5 ) % margin as a percentage of Delivery Revenue . Unrestricted cash , cash equivalents and short - term investments were $ 5.7 billion at the end of the first quarter . " Uber is starting to fire on all cylinders , as more consumers are riding with us again while continuing to use our expanding delivery offerings , " said Dara Khosrowshahi , CEO . " We will continue to innovate and find new ways to deepen engagement with our customers , as the only global platform that helps you go wherever you need and get whatever you want . " " We outperformed both our Gross Bookings and Adjusted EBITDA outlook , with Mobility trends improving through the quarter and continued elevated growth for our Delivery business , combined with disciplined operational execution , " said Nelson Chai , CFO . " Uber is very well positioned to drive long - term value , with improving EBITDA performance , significant liquidity , and increasingly valuable minority investments . " 1