2019年第二季度Uber财报.pdf

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Et aut imet quis seque vel molupta vid milis nis enissim oluptam, sinti cuptum re litiissi dolesse caescil luptat quiasperor molore sunt.Uber Technologies, Inc.Q2 2019 EarningsSupplemental DataAug 8, 20192 Q2 2019 EarningsNon-GAAP Financial Measures DisclosureTo 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; Core Platform Adjusted Net Revenue; Ridesharing Adjusted Net Revenue; Uber Eats Adjusted Net Revenue; Adjusted EBITDA, Adjusted Costs and expenses, and YoY % growth at constant currency and ex-driver appreciation award. 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 managements internal comparisons to our historical performance. 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.There are a number of limitations related to the use of non-GAAP financial measures. 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.For more information on these non-GAAP financial measures, please see the section titled “Reconciliations from GAAP to Non-GAAP Measures” included at the end of this deck. In regards to forward looking guidance provided on our Q2 2019 earnings call, we are not able to reconcile the forward-looking non-GAAP Adjusted EBITDA measure to the closest corresponding GAAP measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include, but are not limited to, significant legal settlements, tax and regulatory reserves, restructuring costs and acquisition and financing related impacts.3 Q2 2019 EarningsForward Looking StatementsThis presentation may contain 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. In addition, other potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions “Risk Factors” and “Managements Discussion and Analysis of Financial Condition and Results of Operations” in our prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended, on May 13, 2019. Additional information will be made available in our quarterly report on Form 10-Q for the quarter ended June 30, 2019 and other filings that we make from time to time with the SEC. All information provided in this presentation is as of the date hereof and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of such date. We undertake no duty to update this information unless required by law.4Gross Bookings($ in Millions)41%46%49%49% YoY Growth% YoY Constant Currency Growth37%43%34%41%31%37%Q2 2019$15,756Q1 2018Q3 2017 Q3 2018Q2 2017 Q2 2018Q4 2017 Q4 2018 Q1 2019$14,649$14,169$12,725$12,012$10,893$10,345$9,045$8,081Note 1: We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of Ridesharing and New Mobility rides, Uber Eats meal deliveries, and amounts paid by Uber Freight shippers, in each case without any adjustment for consumer discounts and refunds, Driver and restaurant earnings, and Driver incentives. Gross Bookings do not include tips earned by Drivers. Gross Bookings exclude the impact of our 2018 Divested Operations. Note 2: “%YoY Constant Currency Growth” is calculated by translating our current period financial results using the corresponding prior periods monthly exchange rates for our transacted currencies other than the U.S. dollar. Core PlatformOther Bets5Core Platform Gross Bookings($ in Millions)40%45%48%48%36%42%34%41%30%36%RidesharingUber EatsNote 1: We define Core Platform Gross Bookings as Gross bookings pertaining to our Ridesharing, Uber Eats and Other Core Platform businesses.Note 2: “%YoY Constant Currency Growth” is calculated by translating our current period financial results using the corresponding prior periods monthly exchange rates for our transacted currencies other than the U.S. dollar. % YoY Growth% YoY Constant Currency GrowthQ2 2019$15,574Q1 2018Q3 2017 Q3 2018Q2 2017 Q2 2018Q4 2017 Q4 2018 Q1 2019$14,517$14,040$12,599$11,940$10,853$10,310$9,024$8,0726Monthly ActivePlatform Consumers(in Millions)Q2 201999Q1 2018Q3 2017 Q3 2018Q2 2017 Q2 2018Q4 2017 Q4 2018 Q1 20199391827670686257Note 1: MAPCs is the number of unique consumers who completed a Ridesharing or New Mobility ride or received an Uber Eats meal on our platform at least once in a given month, averaged over each month in the quarter. MAPCs exclude the impact of our 2018 Divested Operations.7Trips(in Millions)Q2 20191,677Q1 2018Q3 2017 Q3 2018Q2 2017 Q2 2018Q4 2017 Q4 2018 Q1 20198899851,0881,1361,2421,3481,4931,550Note 1: We define Trips as the number of completed consumer Ridesharing or New Mobility rides and Uber Eats meal deliveries in a given period. Trips exclude the impact of our 2018 Divested Operations.8Monthly Trips per MAPCQ2 20195.6Q1 2018Q3 2017 Q3 2018Q2 2017 Q2 2018Q4 2017 Q4 2018 Q1 20195.25.35.4 5.45.5 5.5 5.5 5.5Note 1: We define Monthly Trips per MAPC as the average number of Trips divided by MAPCs in a given period. 9Adjusted Net Revenue($ in Millions)34%38%58%57%16%19%14%18%12%26%*Core PlatformOther BetsQ2 2019$2,873Q1 2018Q3 2017 Q3 2018Q2 2017 Q2 2018Q4 2017 Q4 2018 Q1 2019$1,630$1,982$2,282$2,423$2,574$2,656$2,644$2,761* Q219 YoY constant currency growth excludes the impact of the Driver appreciation award associated with our IPO. See appendix for reconciliation. Note 1: We define Adjusted Net Revenue as revenue less (i) excess Driver incentives and (ii) Driver referrals. We believe that Adjusted Net Revenue is informative of our top line performance because it measures the total net financial activity reflected in the amount earned by us after taking into account all Driver and restaurant earnings, Driver incentives, and Driver referrals. Adjusted Net Revenue is lower than revenue in all reported periods. See appendix for reconciliation of non-GAAP measures. Note 2: “%YoY Constant Currency Growth” is calculated by translating our current period financial results using the corresponding prior periods monthly exchange rates for our transacted currencies other than the U.S. dollar. % YoY Growth% YoY Constant Currency Growth10RidesharingUber EatsOther Core PlatformCore Platform Adjusted Net Revenue($ in Millions)29%33%54%54%12%15%10%14%7%22%*Q2 2019$2,678Q1 2018Q3 2017 Q3 2018Q2 2017 Q2 2018Q4 2017 Q4 2018 Q1 2019$1,622$1,961$2,244$2,383$2,503$2,531$2,507$2,616* Q219 YoY constant currency growth excludes the impact of the Driver appreciation award associated with our IPO. See appendix for reconciliation.Note 1: We define Core Platform Adjusted Net Revenue as Core Platform revenue less (i) excess Driver incentives and (ii) Driver referrals. See appendix for reconciliation of non-GAAP measures.Note 2: “%YoY Constant Currency Growth” is calculated by translating our current period financial results using the corresponding prior periods monthly exchange rates for our transacted currencies other than the U.S. dollar. % YoY Growth% YoY Constant Currency Growth