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Sep 30, 2020
Uber Q3 2020 Earnings Report
Announced results for the third quarter of 2020 with revenue of $3.1 billion
Key Takeaways
Uber's Q3 2020 results showed a revenue of $3.1 billion, a decline of 18% year-over-year. Despite the pandemic, the company saw improvements in Mobility Adjusted EBITDA and Delivery Adjusted EBITDA margins. The company remains confident in achieving quarterly Adjusted EBITDA profitability before the end of 2021.
Gross Bookings declined by 10% year-over-year, with Mobility Gross Bookings declining 50% and Delivery Gross Bookings growing 135%.
Revenue declined 18% year-over-year, with Mobility Revenue declining 53% and Delivery Revenue growing 125%.
Net loss attributable to Uber Technologies, Inc. was $1.1 billion, including $183 million in stock-based compensation expense.
Unrestricted cash, cash equivalents and short-term investments were $7.3 billion at the end of the third quarter.
Revenue by Segment
Forward Guidance
Uber expects to achieve quarterly Adjusted EBITDA profitability before the end of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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