Uber Technologies, Inc. Q4 FY2025 earnings call

• Q4 was strong with trips accelerating to a 15 billion annual run rate, monthly active users over 200 million, gross bookings up 22% y-o-y. 2025 had fifth consecutive year of annual gross bookings over 20%, adjusted EBITDA $8.7B (+35%), free cash flow $9.8B (+42%). - Discussed AVs as a growth opportunity with partnerships, expecting to be in 15 cities by end of 2026. - Prashanth mentioned leaving Uber for a new opportunity, Balaji on stepping into CFO role. - Customer growth through new products (Moto, Reserve, women preferred, teens, older demographic), international and less dense market growth. - Capital allocation: reinvesting in core business, returning cash to shareholders, focusing on LTV to CAC ratios.

No specific detailed financial performance for product segments provided in the transcript in terms of absolute terms and revenue contribution %

• Expect to be in 15 cities for AV by end of 2026. - Continued focus on customer growth via new products, use cases, international expansion. - Commitment to returning cash to shareholders, aggressive buyback of shares.

• Uncertainties related to AV scaling. - Competition challenges. - Regulatory hurdles. - Insurance costs impacting business.

Q: Competitive environment on AVs and impact on market share and profitability?

A: Dara discussed AVs as net positive, partnerships, margins, and competition Q: Strategic priorities and growth investments for new users?

A: Dara talked about new products, use cases, demographics, international growth Q: AVs and winner-take-most, capital returns?

A: Dara on AV not being winner-take-most, Balaji on capital allocation Q: U.S. acceleration, AV capital intensity?

A: Balaji on insurance reform, barbell strategy; Dara on AV investments Q: AVs, data, simulation, markets?

A: Dara on data simulation, Waabi, 15 cities; Balaji on scaling Q: AV stages, deployment?

A: Balaji on stages, Dara on utilization advantage Q: Advertising, delivery growth?

A: Balaji on advertising growth, Dara on delivery drivers