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● Uber Announces Results for Third Quarter 2021 Gross Bookings reached an all - time high of $ 23.1 billion , up 57 % year - over - year Net loss of $ 2.4 billion with a $ 2.0 billion net headwind from revaluation of Uber's equity investments Adjusted EBITDA of + $ 8 million with Mobility margins at 5.5 % of GB and Delivery approaching breakeven SAN FRANCISCO - November 4 , 2021 – Uber Technologies , Inc. ( NYSE : UBER ) today announced financial results for the quarter ended September 30 , 2021 . Financial Highlights for Third Quarter 2021 Gross Bookings grew 57 % year - over - year ( " YoY " ) to $ 23.1 billion , or 53 % on a constant currency basis , with Mobility Gross Bookings of $ 9.9 billion ( + 67 % YoY ) and Delivery Gross Bookings of $ 12.8 billion ( + 50 % YoY ) . Trips during the quarter grew 39 % YoY to 1.64 billion , or nearly 18 million trips per day on average . ● Revenue grew 72 % YoY to $ 4.8 billion , or 69 % on a constant currency basis . Revenue benefited from a $ 123 million accrual release for the resolution of historical claims in the UK relating to the classification of drivers . Note that this benefit is excluded from Adjusted EBITDA . Exhibit 99.1 Mobility take rate of 22.3 % included a 120 basis points ( " bps " ) positive impact from the UK accrual release . Excluding that benefit , Mobility take rate recovered 240 bps QoQ to 21.1 % driven by a tapering of elevated driver supply investments in Q2 . Delivery take rate expanded 220 bps QoQ and 410 bps YoY to 17.4 % . Ongoing business model changes in certain Delivery markets benefited take rate by 400 bps in the quarter . Net loss attributable to Uber Technologies , Inc. was $ 2.4 billion , which includes a $ 2.0 billion net headwind ( pre - tax ) from revaluation of Uber's equity investments , primarily due to an unrealized loss of $ 3.2 billion ( pre - tax ) related to the revaluation of Uber's Didi equity investment , partially offset by aggregate unrealized gains related to the revaluation of Uber's Zomato , Aurora , and Joby stakes . Additionally , net loss includes $ 281 million in stock based compensation expense . Adjusted EBITDA of $ 8 million , up $ 517 million QoQ and $ 633 million YoY , to deliver Uber's first Adjusted EBITDA profitable quarter as a public company . Mobility Adjusted EBITDA of $ 544 million , up $ 365 million QoQ and $ 299 million YoY . Mobility Adjusted EBITDA margin as a percentage of Mobility Gross Bookings reached 5.5 % , up from 2.1 % in Q2 2021 and 4.1 % in Q3 2020 . Delivery Adjusted EBITDA of $ ( 12 ) million , improved by $ 149 million QoQ and by $ 171 million YoY . Delivery Adjusted EBITDA margin as a percentage of Delivery Gross Bookings , approached breakeven at ( 0.1 ) % , up from ( 1.2 ) % in Q2 2021 and ( 2.1 ) % in Q3 2020 . Unrestricted cash and cash equivalents were $ 6.5 billion at the end of the third quarter . " Our early and decisive investments in driver growth are still paying dividends , with drivers steadily returning to the platform , leading to further improvement in the consumer experience , " said Dara Khosrowshahi , CEO . " This is especially important as Mobility reignites . Mobility Gross Bookings are up 18 percent over just the last two months and this Halloween weekend surpassed 2019 levels . " " While we recognize it's just a step , reaching total - company Adjusted EBITDA profitability is an important milestone for Uber , " said Nelson Chai , CFO . " Not only did our Mobility business recover to pre - COVID margins this quarter , our core restaurant delivery business was profitable on an Adjusted EBITDA basis for the first time as well , bringing the full Delivery segment close to breakeven . " Outlook for Q4 2021 For Q4 2021 , we anticipate : Gross Bookings of $ 25 billion to $ 26 billion Adjusted EBITDA of $ 25 million to $ 75 million 1