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, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Mobility | 25.03% | 23.52% | 22.95% | 19.20% | 19.27% |
| Delivery | 12.34% | 5.05% | -4.16% | -22.36% | -54.66% |
| Freight | -1.22% | 0.00% | -6.10% | -22.45% | -29.69% |
Based on: 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), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Mobility | Mobility segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Delivery | Delivery segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Freight | Freight segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Profit Margin: Mobility
Uber Technologies Inc.; Mobility; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Adjusted EBITDA | 4,963) | 3,299) | 1,596) | 1,169) | 2,071) |
| Revenue | 19,832) | 14,029) | 6,953) | 6,089) | 10,745) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 25.03% | 23.52% | 22.95% | 19.20% | 19.27% |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Revenue
= 100 × 4,963 ÷ 19,832 = 25.03%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Mobility | Mobility segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Delivery
Uber Technologies Inc.; Delivery; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Adjusted EBITDA | 1,506) | 551) | (348) | (873) | (1,372) |
| Revenue | 12,204) | 10,901) | 8,362) | 3,904) | 2,510) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 12.34% | 5.05% | -4.16% | -22.36% | -54.66% |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Revenue
= 100 × 1,506 ÷ 12,204 = 12.34%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Delivery | Delivery segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Freight
Uber Technologies Inc.; Freight; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Adjusted EBITDA | (64) | —) | (130) | (227) | (217) |
| Revenue | 5,245) | 6,947) | 2,132) | 1,011) | 731) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -1.22% | 0.00% | -6.10% | -22.45% | -29.69% |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Revenue
= 100 × -64 ÷ 5,245 = -1.22%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Freight | Freight segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Revenue
Uber Technologies Inc., revenue by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Mobility | 19,832) | 14,029) | 6,953) | 6,089) | 10,745) |
| Delivery | 12,204) | 10,901) | 8,362) | 3,904) | 2,510) |
| Freight | 5,245) | 6,947) | 2,132) | 1,011) | 731) |
| All Other | —) | —) | 8) | 135) | 161) |
| Total | 37,281) | 31,877) | 17,455) | 11,139) | 14,147) |
Based on: 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), 10-K (reporting date: 2019-12-31).
Adjusted EBITDA
Uber Technologies Inc., adjusted ebitda by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Mobility | 4,963) | 3,299) | 1,596) | 1,169) | 2,071) |
| Delivery | 1,506) | 551) | (348) | (873) | (1,372) |
| Freight | (64) | —) | (130) | (227) | (217) |
| All Other | —) | —) | (11) | (461) | (750) |
| Total | 6,405) | 3,850) | 1,107) | (392) | (268) |
Based on: 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), 10-K (reporting date: 2019-12-31).