Page 1

Uber Announces Results for Second Quarter 2021 Gross Bookings reached an all - time high of $ 21.9B , up 114 % year - over - year Net income of $ 1.1 billion and Adjusted EBITDA of $ ( 509 ) million ● SAN FRANCISCO - August 4 , 2021 – Uber Technologies , Inc. ( NYSE : UBER ) today announced financial results for the quarter ended June 30 , 2021 . Financial Highlights for Second Quarter 2021 Gross Bookings grew 114 % year - over - year ( " YoY " ) to $ 21.9 billion , or 104 % on a constant currency basis , with Mobility Gross Bookings of $ 8.6 billion ( + 184 % YoY ) and Delivery Gross Bookings of $ 12.9 billion ( + 85 % YoY ) . Exhibit 99.1 Revenue grew 35 % QoQ and 105 % YoY , or 95 % on a constant currency basis . Mobility Revenue grew 90 % QoQ ( and 11 % QoQ excluding the UK accrual in Q1 ) and 106 % YoY . Delivery Revenue grew 13 % QoQ and 122 % YoY . Net income attributable to Uber Technologies , Inc. was $ 1.1 billion , including $ 272 million in stock - based compensation expense . Net income benefited from unrealized gains of $ 1.4 billion and $ 471 million due to the revaluation of Uber's equity investments in Didi and Aurora , respectively . Adjusted EBITDA of $ ( 509 ) million , down $ 150 million QoQ but up $ 328 million YoY , representing a ( 2.3 ) % margin as a percentage of Gross Bookings and a ( 13.0 ) % margin as a percentage of revenue . Mobility Adjusted EBITDA of $ 179 million , down $ 119 million QoQ but up $ 129 million YoY , representing a 2.1 % margin as a percentage of Mobility Gross Bookings and a 11.1 % margin as a percentage of Mobility Revenue . Mobility Take Rate and Adjusted EBITDA were impacted by elevated investments in reviving driver availability , particularly in the US . Delivery Adjusted EBITDA of $ ( 161 ) million improved by $ 39 million QoQ and by $ 71 million YoY , representing a ( 1.2 ) % margin as a percentage of Delivery Gross Bookings and a ( 8.2 ) % margin as a percentage of Delivery Revenue . Unrestricted cash , cash equivalents and short - term investments were $ 5.0 billion at the end of the second quarter . " In Q2 we invested in recovery by investing in drivers and we made strong progress , with monthly active drivers and couriers in the US increasing by nearly 420,000 from February to July , " said Dara Khosrowshahi , CEO . " Our platform is getting stronger each quarter , with consumers who engage with both Mobility and Delivery now generating nearly half of our total company Gross Bookings . " " We successfully made large investments in Q2 to improve marketplace balance , and we are now well positioned to reach Adjusted EBITDA profitability by Q4 , " said Nelson Chai , CFO . " As we make progress towards that important milestone , we expect our Adjusted EBITDA loss in Q3 to improve to less than $ 100 million in addition to record Gross Bookings between $ 22 and $ 24 billion . ” 1