Analysis of Reportable Segments
Uber Technologies Inc. operates in 3 segments: Mobility; Delivery; and Freight.
Segment Profit Margin
Uber Technologies Inc., profit margin by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Mobility | 25.90% | 25.03% | 23.52% | 22.95% | 19.20% |
| Delivery | 17.97% | 12.34% | 5.05% | -4.16% | -22.36% |
| Freight | -1.44% | -1.22% | 0.00% | -6.10% | -22.45% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Mobility | Mobility segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Delivery | Delivery segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Freight | Freight segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Mobility
Uber Technologies Inc.; Mobility; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Adjusted EBITDA | 6,497) | 4,963) | 3,299) | 1,596) | 1,169) |
| Revenue | 25,087) | 19,832) | 14,029) | 6,953) | 6,089) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 25.90% | 25.03% | 23.52% | 22.95% | 19.20% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Revenue
= 100 × 6,497 ÷ 25,087 = 25.90%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Mobility | Mobility segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Delivery
Uber Technologies Inc.; Delivery; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Adjusted EBITDA | 2,471) | 1,506) | 551) | (348) | (873) |
| Revenue | 13,750) | 12,204) | 10,901) | 8,362) | 3,904) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 17.97% | 12.34% | 5.05% | -4.16% | -22.36% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Revenue
= 100 × 2,471 ÷ 13,750 = 17.97%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Delivery | Delivery segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Freight
Uber Technologies Inc.; Freight; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Adjusted EBITDA | (74) | (64) | —) | (130) | (227) |
| Revenue | 5,141) | 5,245) | 6,947) | 2,132) | 1,011) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -1.44% | -1.22% | 0.00% | -6.10% | -22.45% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Revenue
= 100 × -74 ÷ 5,141 = -1.44%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Freight | Freight segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Revenue
Uber Technologies Inc., revenue by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Mobility | 25,087) | 19,832) | 14,029) | 6,953) | 6,089) |
| Delivery | 13,750) | 12,204) | 10,901) | 8,362) | 3,904) |
| Freight | 5,141) | 5,245) | 6,947) | 2,132) | 1,011) |
| All Other | —) | —) | —) | 8) | 135) |
| Total | 43,978) | 37,281) | 31,877) | 17,455) | 11,139) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Adjusted EBITDA
Uber Technologies Inc., adjusted ebitda by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Mobility | 6,497) | 4,963) | 3,299) | 1,596) | 1,169) |
| Delivery | 2,471) | 1,506) | 551) | (348) | (873) |
| Freight | (74) | (64) | —) | (130) | (227) |
| All Other | —) | —) | —) | (11) | (461) |
| Total | 8,894) | 6,405) | 3,850) | 1,107) | (392) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).