Uber Files 2024 10-K: Financials and Operations Detailed

TL;DR

Uber's 2024 10-K is in! Full financials for the year ending Dec 31, 2024, are out.

AI Summary

Uber Technologies, Inc. filed its 2024 10-K on February 14, 2025, reporting on its fiscal year ending December 31, 2024. The filing details the company's financial performance and operational activities, including its business segments and financial position. Key financial data and disclosures are provided for the reporting period and comparative prior years.

Why It Matters

This 10-K filing provides investors and analysts with a comprehensive overview of Uber's financial health and strategic direction for the fiscal year 2024, crucial for understanding its market position and future prospects.

Risk Assessment

Risk Level: medium — 10-K filings inherently carry medium risk due to the complexity of financial reporting and the potential for unforeseen business challenges disclosed within.

Key Numbers

• 2024 — Fiscal Year (Reporting period for the 10-K)
• 1231 — Fiscal Year End (Indicates the end of the fiscal year)

Key Players & Entities

• Uber Technologies, Inc. (company) — Filer of the 10-K
• 2024-12-31 (date) — Fiscal year end
• 2025-02-14 (date) — Filing date
• 415-612-8582 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.00001 — ich registered Common Stock, par value $0.00001 per share UBER New York Stock Exchange

Filing Documents

• uber-20241231.htm (10-K) — 3084KB
• uber12312024exhibit191.htm (EX-19.1) — 104KB
• uber12312024exhibit211.htm (EX-21.1) — 11KB
• uber12312024exhibit231.htm (EX-23.1) — 3KB
• uber12312024exhibit311.htm (EX-31.1) — 11KB
• uber12312024exhibit312.htm (EX-31.2) — 11KB
• uber12312024exhibit321.htm (EX-32.1) — 9KB
• uber-20241231_g1.jpg (GRAPHIC) — 92KB
• uber-20241231_g2.jpg (GRAPHIC) — 53KB
• uber-20241231_g3.jpg (GRAPHIC) — 48KB
• uber-20241231_g4.jpg (GRAPHIC) — 69KB
• 0001543151-25-000008.txt ( ) — 17519KB
• uber-20241231.xsd (EX-101.SCH) — 106KB
• uber-20241231_cal.xml (EX-101.CAL) — 170KB
• uber-20241231_def.xml (EX-101.DEF) — 579KB
• uber-20241231_lab.xml (EX-101.LAB) — 1256KB
• uber-20241231_pre.xml (EX-101.PRE) — 957KB
• uber-20241231_htm.xml (XML) — 2874KB

Risk Factors

Item 1A. Risk Factors 9

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 45 Item 1C. Cybersecurity 45

Properties

Item 2. Properties 46

Legal Proceedings

Item 3. Legal Proceedings 46

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 47 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 47

[Reserved]

Item 6. [Reserved] 48

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 48

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 68

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 70

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 128

Controls and Procedures

Item 9A. Controls and Procedures 128

Other Information

Item 9B. Other Information 129

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 129 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 129

Executive Compensation

Item 11. Executive Compensation 129

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 129

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 129

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 129 PART IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 130

Form 10-K Summary

Item 16. Form 10-K Summary 130 Exhibit Index 131

Signatures

Signatures 133 1 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this Annual Report on Form 10-K, including statements regarding our future results of operations or financial condition, business strategy and plans, and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "goal," "hope," "intend," "may," "might," "objective," "ongoing," "plan," "potential," "predict," "project," "should," "target," "will," or "would" or the negative of these words or other similar terms or expressions. These forward-looking statements include, but are not limited to, statements concerning the following: our ability to successfully defend litigation and government proceedings brought against us, including with respect to our relationship with drivers and couriers, and the potential impact on our business operations and financial performance if we are not successful; our ability to successfully compete in highly competitive markets; our expectations regarding financial performance, including but not limited to revenue, achieving or maintaining profitability, ability to generate or maintain positive Adjusted EBITDA or Free Cash Flow, expenses, and other results of operations; our expectations regarding future operating performance, including but not limited to our expectations regarding future Monthly Active Platform Consumers ("MAPCs"), Trips, Gross Bookings, and Revenue Margin (defined as revenue as a percentage of Gross Bookings); our expectations regarding our competitors' use of incentives and promotions, our competitors' ability to raise capital, and the eff

BUSINESS

ITEM 1. BUSINESS Overview Uber Technologies, Inc. ("Uber," the "Company," "we," "our," or "us") is a technology platform that uses a massive network, leading technology, operational excellence and product expertise to power movement from point A to point B. We develop and operate proprietary technology applications supporting a variety of offerings on our platform ("platform(s)" or "Platform(s)"). We connect consumers ("Rider(s)") with independent providers of ride services ("Mobility Driver(s)") for ridesharing services, and connect Riders and other consumers ("Eater(s)") with restaurants, grocers and other stores (collectively, "Merchants") with delivery service providers ("Couriers") for meal preparation, grocery and other delivery services. Riders and Eaters are collectively referred to as "end-user(s)" or "consumer(s)." Mobility Drivers and Couriers are collectively referred to as "Driver(s)." We also connect consumers with public transportation networks. We use this same network, technology, operational excellence and product expertise to connect shippers ("Shipper(s)") with carriers ("Carrier(s)") in the freight industry by providing Carriers with the ability to book a shipment, transportation management and other logistics services. Uber is also developing technologies designed to provide new solutions to solve everyday problems. Our technology is available in over 70 countries around the world, principally in the United States ("U.S.") and Canada, Latin America, Europe (excluding Russia), the Middle East, Africa, and Asia Pacific ("APAC", excluding China and Southeast Asia). Our Segments As of December 31, 2024, we had three operating and reportable segments: Mobility, Delivery and Freight. Mobility, Delivery and Freight platform offerings each address large, fragmented markets. Mobility Our Mobility offering connects consumers with a wide range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, tax

View Full Filing

View this 10-K filing on SEC EDGAR