Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Uber Technologies Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue 11,188 10,700 10,131 9,936 9,292 9,230 8,823 8,607 8,343 8,073 6,854 5,778 4,845 3,929 2,903 3,165 2,813 1,913 3,248 4,069 3,813 3,166 3,099
Cost of revenue, exclusive of depreciation and amortization (6,761) (6,488) (6,168) (6,057) (5,626) (5,515) (5,259) (5,307) (5,173) (5,153) (4,026) (3,104) (2,438) (2,099) (1,710) (1,441) (1,298) (924) (1,491) (1,927) (1,860) (1,740) (1,681)
Gross profit 4,427 4,212 3,963 3,879 3,666 3,715 3,564 3,300 3,170 2,920 2,828 2,674 2,407 1,830 1,193 1,724 1,515 989 1,757 2,142 1,953 1,426 1,418
Operations and support (687) (682) (685) (702) (683) (664) (640) (605) (617) (617) (574) (547) (475) (432) (423) (369) (365) (582) (503) (506) (498) (864) (434)
Sales and marketing (1,096) (1,115) (917) (935) (941) (1,218) (1,262) (1,122) (1,153) (1,218) (1,263) (1,262) (1,168) (1,256) (1,103) (1,038) (924) (736) (885) (1,251) (1,113) (1,222) (1,040)
Research and development (774) (760) (790) (784) (797) (808) (775) (747) (760) (704) (587) (558) (493) (488) (515) (483) (493) (584) (645) (608) (755) (3,064) (409)
General and administrative (630) (686) (1,209) (603) (646) (491) (942) (745) (908) (851) (632) (611) (625) (616) (464) (531) (711) (565) (859) (647) (591) (1,638) (423)
Depreciation and amortization (179) (173) (190) (203) (205) (208) (207) (223) (227) (243) (254) (246) (218) (226) (212) (180) (138) (129) (128) (101) (102) (123) (146)
Income (loss) from operations 1,061 796 172 652 394 326 (262) (142) (495) (713) (482) (550) (572) (1,188) (1,524) (877) (1,116) (1,607) (1,263) (971) (1,106) (5,485) (1,034)
Interest expense (143) (139) (124) (155) (166) (144) (168) (151) (146) (139) (129) (130) (123) (115) (115) (118) (112) (110) (118) (101) (90) (151) (217)
Other income (expense), net 1,851 420 (678) 1,331 (52) 273 292 767 (535) (1,704) (5,557) 1,471 (1,832) 1,943 1,710 63 151 (44) (1,795) 15 49 398 260
Income (loss) before income taxes and income (loss) from equity method investments 2,769 1,077 (630) 1,828 176 455 (138) 474 (1,176) (2,556) (6,168) 791 (2,527) 640 71 (932) (1,077) (1,761) (3,176) (1,057) (1,147) (5,238) (991)
(Provision for) benefit from income taxes (158) (57) (29) (133) 40 (65) (55) 84 (58) (77) 232 97 101 479 (185) (23) (23) (4) 242 (25) (3) 2 (19)
Income (loss) from equity method investments (12) (12) (4) 5 3 4 36 42 30 17 18 (9) (13) (7) (8) (7) (8) (7) (12) (9) (9) (10) (6)
Net income (loss) including non-controlling interests 2,599 1,008 (663) 1,700 219 394 (157) 600 (1,204) (2,616) (5,918) 879 (2,439) 1,112 (122) (962) (1,108) (1,772) (2,946) (1,091) (1,159) (5,246) (1,016)
Net (income) loss attributable to non-controlling interests, net of tax 13 7 9 (271) 2 (4) (2) 15 (12) 13 15 32 14 (6) 19 (3) 10 (5) (3) 10 4
Net income (loss) attributable to Uber Technologies, Inc. 2,612 1,015 (654) 1,429 221 394 (157) 596 (1,206) (2,601) (5,930) 892 (2,424) 1,144 (108) (968) (1,089) (1,775) (2,936) (1,096) (1,162) (5,236) (1,012)

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Uber Technologies Inc. revenue increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Uber Technologies Inc. income (loss) from operations increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income (loss) before income taxes and income (loss) from equity method investments Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Uber Technologies Inc. income (loss) before income taxes and income (loss) from equity method investments increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net income (loss) attributable to Uber Technologies, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Uber Technologies Inc. net income (loss) attributable to Uber Technologies, Inc. increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.