UBER 8-K Current Reports

Material AgreementsFinancial EventsExhibits & Filings

Uber Technologies, Inc 8-K Report, Corporate Update (Sep 15, 2026)

Uber Technologies, Inc. has announced the successful completion of a significant registered public offering of senior unsecured notes, totaling €5.2 billion across various maturities ranging from 2029 to 2046. The offering includes notes with coupon rates spanning from 3.750% to 5.250%, reflecting different debt durations and associated interest costs. The primary purpose of this capital raise is to fund general corporate purposes. This strategic move allows Uber to strengthen its financial position and potentially invest in future growth initiatives or manage existing financial obligations. Investors should note that these are senior unsecured debt obligations, meaning they rank below secured debt in the event of bankruptcy, and the specific details of the issuance are governed by an Indenture with U.S. Bank Trust Company, National Association.

Sep 15, 2026 8-K

Uber Technologies, Inc 8-K Report, Material Agreement (Aug 7, 2026)

Uber Technologies, Inc. (UBER) has filed an 8-K report on August 7, 2026, detailing significant updates to its credit facilities. The company has entered into a new €4.0 billion Term Loan Credit Agreement to finance its previously announced takeover offer for Delivery Hero SE. This new facility includes two tranches with maturities of 18 and 36 months post-closing, respectively. The proceeds will be used for the Delivery Hero acquisition, related expenses, and refinancing existing Delivery Hero debt. Concurrently, Uber has amended its Bridge Credit Agreement and entered into a new $7.7 billion Revolving Credit Agreement, replacing its existing facility. The new Revolving Credit Agreement matures in August 2031 and is available for general corporate purposes.

Aug 7, 2026 8-K

Material AgreementsFinancial EventsRegulation FD+1

Uber Technologies, Inc 8-K Report, Financial Results (Aug 5, 2026)

Uber reported Q2 2026 results that beat on profitability while top-line growth remained strong. Gross Bookings rose 24% YoY to $58.0 billion (22% constant currency), with Trips up 18% to 3.9 billion and MAPCs up 16% to 208 million. Revenue grew 12% to $14.2 billion, but management noted that business model changes reduced reported revenue growth by 8 percentage points, so underlying revenue growth was closer to 20%. The gap between Gross Bookings and revenue growth reflects accounting changes rather than weaker demand, and investors should evaluate the company on Gross Bookings and profit metrics. Profitability improved meaningfully. GAAP income from operations rose 30% to $1.9 billion, and Non-GAAP Operating Income grew 40% to $2.1 billion, with its margin on Gross Bookings expanding to 3.7% from 3.3%. Non-GAAP EPS of $0.81 rose 35% YoY. GAAP diluted EPS of $1.17 was inflated by a $1.6 billion pre-tax gain from revaluing equity investments, so the Non-GAAP figure is the better read on operating performance. Free cash flow was $2.8 billion in the quarter, and trailing twelve-month free cash flow surpassed $10 billion for the first time. Management also continued share repurchases, though at a lower pace than in the prior-year quarter. Balance sheet activity was notable. Short-term debt rose to $2.0 billion, and equity method investments increased sharply to $3.8 billion from $287 million. Unrestricted cash and short-term investments fell to $5.4 billion. Management guided Q3 2026 Gross Bookings of $58.25 to $60.25 billion (18% to 22% constant-currency growth) and Non-GAAP EPS of $0.84 to $0.88, which implies 28% to 35% growth. Management also framed the cash generation as funding for strategic opportunities and autonomous vehicle investment, so investors should watch how capital is deployed.

Aug 5, 2026 8-K

Uber Technologies, Inc 8-K Report, Material Agreement (Jul 16, 2026)

On July 16, 2026, Uber Technologies entered into a Business Combination Agreement with Delivery Hero SE, under which a wholly-owned Uber subsidiary will launch a voluntary public takeover offer for all Delivery Hero shares at €41.50 per share in cash. The press release values Delivery Hero's equity at about $14.8 billion on a fully diluted basis (314 million shares), or about $13.7 billion after adjusting for Uber's prior stake purchases. Uber already holds about 24.77% of Delivery Hero directly and about 11.74% through equity derivatives, and Prosus has irrevocably agreed to tender its roughly 17% stake, which would bring Uber's total economic interest to about 53%. Delivery Hero's management and supervisory boards have unanimously welcomed the offer and intend to recommend it, subject to review of the offer document. The offer is subject to a 50% plus one share minimum acceptance threshold and regulatory approvals, with closing expected in the second half of 2027. The deal is financed with existing cash and new debt. Uber has arranged a senior unsecured 364-day bridge facility of €14.2 billion from Morgan Stanley and affiliates, which is undrawn at signing and is expected to be refinanced before closing. Management states that gross leverage should stay below 2x and that the investment-grade rating is maintained. The bridge includes a minimum EBITDA-to-interest coverage covenant of 3.00x, and Uber faces a €700 million reverse termination fee if regulatory conditions are not satisfied. Delivery Hero will separately sell its businesses in 14 overlap markets to SSW Partners for about $1.6 billion, with Uber lending SSW most of the funding. Management estimates the deal is roughly 8x 2027E Adjusted EBITDA including synergies, expects more than $1.2 billion of annualized synergies within 18 months of closing, and expects it to be Non-GAAP EPS accretive at close and high-single-digit accretive by year three. For investors, the central questions are execution risk and balance sheet capacity. The transaction depends on multiple merger control and financial regulatory approvals across many jurisdictions, and the timeline runs more than a year. The 364-day bridge must be replaced with longer-dated financing, so market conditions and Uber's credit profile at refinancing matter. The 53% economic interest figure also depends on Prosus tendering as committed. Uber has also committed not to enter a domination and profit-transfer agreement for three years, and the German headquarters and Berlin workforce are to be preserved until at least 2029.

Jul 16, 2026 8-K

Uber Technologies, Inc 8-K Report, Executive Changes (May 11, 2026)

Uber Technologies, Inc. (UBER) announced a significant leadership change via an 8-K filing on May 11, 2026. Nikki Krishnamurthy, Chief People Officer, has stepped down from her role and will serve as an advisor during a transition period. This departure marks the end of a key executive's tenure responsible for the company's culture and trajectory. In a related move, Jill Hazelbaker, currently Chief Marketing Officer and Senior Vice President, Communications & Public Policy, will assume an expanded role as President & Chief Corporate Affairs Officer. This new position consolidates her existing responsibilities with oversight of the Safety Operations function, effectively absorbing Ms. Krishnamurthy’s previous duties. The company's CEO, Dara Khosrowshahi, expressed gratitude for Ms. Krishnamurthy's contributions and confidence in Ms. Hazelbaker's ability to navigate the company through evolving technological landscapes like AI and autonomous vehicles.

May 11, 2026 8-K

Shareholder Matters

Uber Technologies, Inc 8-K Report, Shareholder Vote Results (May 8, 2026)

Uber Technologies, Inc. (UBER) filed an 8-K on May 8, 2026, detailing the outcomes of its annual meeting of stockholders held on May 4, 2026. The meeting saw strong participation, with approximately 83% of the voting power of the outstanding common stock represented. Key resolutions passed by stockholders included the election of ten directors to serve until the 2027 annual meeting, a non-binding advisory vote approving the 2025 compensation of named executive officers, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026. The company will continue to hold annual advisory votes on executive compensation, aligning with the Board's recommendation. Investors can interpret these results as a general endorsement of the company's current board leadership and executive compensation practices. The overwhelming support for director nominees and executive pay suggests shareholder confidence in management's direction. The ratification of PricewaterhouseCoopers LLP reinforces the established auditor relationship. The high attendance and affirmative votes on these critical governance matters indicate a stable and engaged shareholder base.

May 8, 2026 8-K

Uber Technologies, Inc 8-K Report, Financial Results (May 6, 2026)

Uber reported first-quarter 2026 results that were strong at the operating level but muddied at the bottom line. Trips grew 20% year-over-year to 3.6 billion and Gross Bookings grew 25% to $53.7 billion (21% on a constant-currency basis), marking the third consecutive quarter of Gross Bookings growth above 21%. GAAP income from operations rose 57% to a record $1.9 billion, and Non-GAAP Operating Income grew 42% to $1.9 billion, with Non-GAAP operating margin expanding to 3.5% of Gross Bookings from 3.1%. Non-GAAP EPS rose 44% to $0.72, and free cash flow was $2.3 billion. GAAP net income attributable to Uber fell 85% to $263 million, or $0.13 per diluted share, because of a $1.5 billion pre-tax headwind from revaluations of Uber's equity investments. Investors should treat that item as non-operating and volatile, but should also note that GAAP revenue growth of 14% (10% constant currency) lagged Gross Bookings growth, with business model changes reducing reported revenue growth by about 9 percentage points. Delivery was the standout segment, with Gross Bookings up 28% and segment operating income up 43%. For Q2 2026, management guided to Gross Bookings of $56.25 billion to $57.75 billion (18% to 22% constant-currency growth) and Non-GAAP EPS of $0.78 to $0.82, representing 31% to 38% growth. Cash and short-term investments totaled $6.1 billion at quarter-end, and the company repurchased $3.0 billion of stock during the quarter, which lowered cash balances. Management also said it is taking a capital-efficient approach to autonomous vehicles and emphasized AI-driven productivity.

May 6, 2026 8-K

Earnings & ResultsLeadership ChangesExhibits & Filings

Uber Technologies, Inc 8-K Report, Regulation FD Disclosure (Feb 9, 2026)

On February 8, 2026, Uber Technologies entered into an agreement with Mubadala Investment Company to acquire Getir's delivery portfolio in Türkiye, covering food, grocery, retail, and water delivery. The deal is phased. Uber will acquire 100% of Getir's food delivery business for $335 million in cash on a cash-free, debt-free basis, with closing expected in the second half of 2026. Getir's food delivery business generated over $1 billion in gross bookings in 2025, up more than 50% year over year on a constant-currency basis, which signals strong momentum in the asset. Separately, Uber will invest $100 million for a 15% stake in Getir's grocery, retail, and water delivery business. The remaining stake in that business is expected to be acquired over the next few years, contingent on operating and financial performance conditions. The deal is subject to regulatory approval and other customary closing conditions. The filing is furnished under Item 7.01 (Regulation FD), not filed, so it carries limited Section 18 liability exposure. For investors, the transaction is modest relative to Uber's scale: the initial $335 million food-delivery purchase plus the $100 million minority stake totals roughly $435 million in committed cash, with additional future payments tied to performance. The strategic logic is consolidation in Türkiye, combining Getir with Trendyol Go to strengthen Uber's position in a competitive market. Key risks include regulatory review in Türkiye, integration execution, and whether the reported growth rate persists under Uber's ownership.

Feb 9, 2026 8-K

Uber Technologies, Inc 8-K Report, Financial Results (Feb 4, 2026)

Uber reported a strong fourth quarter and full year 2025 and announced a CFO transition. Q4 2025 Gross Bookings grew 22% year-over-year to $54.1 billion, revenue grew 20% to $14.4 billion, and GAAP income from operations more than doubled (up 130%) to $1.8 billion. Adjusted EBITDA rose 35% to $2.5 billion, and free cash flow reached a record $2.8 billion in the quarter and $9.8 billion for full year 2025. GAAP net income attributable to Uber was only $296 million, or $0.14 per diluted share, because of a $1.6 billion pre-tax headwind from revaluations of its equity investments, so investors should focus on the non-GAAP Operating Income (up 46% to $1.9 billion) and Non-GAAP EPS (up 27% to $0.71) for underlying performance. For Q1 2026, Uber guided to Gross Bookings of $52.0 to $53.5 billion, implying 17% to 21% constant-currency growth, and Non-GAAP EPS of $0.65 to $0.72, which is about 37% growth at the midpoint. Adjusted EBITDA is guided to $2.37 to $2.47 billion. Management emphasized continued investment in autonomous vehicles (AV) over the coming years, funded by large free cash flow. On the leadership side, CFO Prashanth Mahendra-Rajah will step down effective February 16, 2026, and will remain as a Senior Finance Advisor through July 1, 2026. Balaji Krishnamurthy, previously Vice President of Strategic Finance and former Head of Investor Relations, will become CFO. The separation is not related to any disagreement over financial disclosures or accounting. Krishnamurthy's compensation package includes a $600,000 base salary, RSUs worth $9.4 million, options worth $3.1 million, and a one-time RSU award of $5.0 million.

Feb 4, 2026 8-K

Other Events

Uber Technologies, Inc 8-K Report, Corporate Update (Jan 12, 2026)

Uber Technologies, Inc. (UBER) has filed an 8-K report announcing significant changes to its financial reporting practices, effective Q1 2026. The company will transition from reporting Adjusted EBITDA to new non-GAAP measures: Non-GAAP Operating Income, Non-GAAP Net Income, and Non-GAAP Earnings Per Share (EPS). These new metrics are designed to be more closely aligned with GAAP by including certain expenses previously excluded, such as depreciation, amortization (excluding acquired intangibles), and stock-based compensation. Additionally, Uber is shifting its segment reporting from Segment Adjusted EBITDA to Segment Operating Income. These changes are intended to provide investors with a clearer view of ongoing operational performance and comparability across periods. The report also provides historical selected financial data for seven consecutive quarters ending September 30, 2025, under both the old and new non-GAAP frameworks, as well as the reclassified interest income presentation. Investors should note that these changes primarily affect the presentation and calculation of non-GAAP metrics and segment performance, and do not alter previously reported GAAP financial results. The company emphasizes that these non-GAAP measures are supplemental and should be considered alongside GAAP financials.

Jan 12, 2026 8-K

Uber Technologies, Inc 8-K Report, Financial Results (Nov 4, 2025)

Uber reported Q3 2025 results that combined strong top-line momentum with record profitability. Trips grew 22% year-over-year to 3.5 billion, Gross Bookings rose 21% to $49.7 billion (21% constant currency), and revenue grew 20% to $13.5 billion. Delivery was the standout segment, with Gross Bookings up 25% and revenue up 29%, while Mobility Gross Bookings grew 20%. Adjusted EBITDA increased 33% to $2.3 billion, lifting the margin to 4.5% of Gross Bookings from 4.1% a year earlier. Free cash flow was $2.2 billion, up 6%. GAAP net income of $6.6 billion is not a clean read on operations. It includes a $4.9 billion tax valuation release and a $1.5 billion pre-tax gain from revaluing equity investments. Income from operations grew only 5% to $1.1 billion, and General and administrative expense more than doubled to $1.18 billion, which reflects the $479 million legal, tax, and regulatory reserve charge that is excluded from Adjusted EBITDA. Investors should focus on operating income and Adjusted EBITDA rather than headline net income. For Q4 2025, Uber guided to Gross Bookings of $52.25 billion to $53.75 billion (17% to 21% constant-currency growth) and Adjusted EBITDA of $2.41 billion to $2.51 billion (31% to 36% growth). The company ended the quarter with $9.1 billion in unrestricted cash and short-term investments and plans to redeem its $1.2 billion convertible notes due December 2025. Management also reaffirmed its commitment to returning capital to shareholders, and repurchases of common stock reached $1.46 billion in the quarter.

Nov 4, 2025 8-K

Earnings & ResultsOther EventsExhibits & Filings

Uber Technologies, Inc 8-K Report, Corporate Update (Sep 11, 2025)

Uber Technologies, Inc. (UBER) announced the successful completion of a significant registered public offering, raising a total of $2.25 billion through the issuance of new senior notes. This offering comprises $1 billion in 4.150% Senior Notes due 2031 and $1.25 billion in 4.800% Senior Notes due 2035. These notes represent senior unsecured debt obligations of the company. The primary strategic purpose behind this capital raise is to actively manage Uber's existing debt structure. The net proceeds will be used to repay outstanding convertible senior notes and to redeem higher-interest-bearing senior notes maturing in 2027 and 2028. This move indicates a proactive approach to optimizing the company's financial leverage and potentially reducing future interest expenses.

Sep 11, 2025 8-K

Uber Technologies, Inc 8-K Report, Financial Results (Aug 6, 2025)

Uber Technologies reported Q2 2025 results that showed strong top-line growth and a sharp step-up in profitability. Trips grew 18% year-over-year to 3.3 billion, Gross Bookings rose 17% to $46.8 billion (18% constant currency), and revenue grew 18% to $12.7 billion. Income from operations grew 82% to $1.45 billion, and Adjusted EBITDA rose 35% to $2.12 billion, with Adjusted EBITDA margin on Gross Bookings expanding to 4.5% from 3.9%. Net income attributable to Uber was $1.36 billion, though GAAP results were influenced by equity investment revaluations, which were a $17 million headwind this quarter versus a $333 million benefit in Q2 2024. Cash generation was strong, with operating cash flow of $2.56 billion and free cash flow of $2.48 billion, and trailing twelve-month free cash flow reached an all-time high of $8.5 billion. Capital allocation was a central theme. The Board authorized an additional $20 billion share repurchase program on July 28, 2025, and the company had already repurchased about $3.1 billion of stock in the first half of 2025, including $1.36 billion in Q2. Management paired the buyback with Q3 guidance calling for Gross Bookings of $48.25 billion to $49.75 billion (17% to 21% YoY constant currency, including the Trendyol Go acquisition) and Adjusted EBITDA of $2.19 billion to $2.29 billion (30% to 36% YoY growth). Segment results showed Delivery as the fastest-growing profit driver, with Adjusted EBITDA up 48% to $873 million, while Mobility grew 22% to $1.9 billion. Investors should weigh the strong growth and cash returns against the reliance on non-GAAP metrics, the rising long-term insurance reserves, and the ongoing legal and regulatory reserve charges that Uber excludes from Adjusted EBITDA. The filing is largely a results and capital return announcement, so the key items for investors are the durability of the 18% volume growth, the sustainability of margin expansion as the company adds autonomous vehicle partners and new acquisitions, and how much of the buyback is executed over time. Management highlighted 20 autonomous partners globally, positioning autonomy as a future platform expansion lever, though the filing does not quantify its near-term financial impact.

Aug 6, 2025 8-K

Financial Events

Uber Technologies, Inc 8-K Report, Financial Obligation (Jun 6, 2025)

Uber Technologies, Inc. (UBER) has announced the establishment of a $2 billion commercial paper program. This program allows the company to issue short-term, unsecured commercial paper notes with maturities of up to 397 days. The net proceeds are intended for general corporate purposes, providing Uber with increased financial flexibility for its ongoing operations and strategic initiatives. While no notes are currently outstanding, this program signals Uber's proactive approach to managing its short-term liquidity needs. The commercial paper notes will rank pari passu with other unsecured and unsubordinated indebtedness, meaning they will have the same priority in payment as most other unsecured debt. Investors should note that this program is an exemption from registration under the Securities Act, and the information provided is not an offer to sell or solicit an offer to buy these securities.

Jun 6, 2025 8-K

Uber Technologies, Inc 8-K Report, Executive Changes (Jun 4, 2025)

Uber Technologies, Inc. (UBER) has announced a significant addition to its Board of Directors with the appointment of Nikesh Arora, effective May 31, 2025. Mr. Arora brings a wealth of experience from his leadership roles at major technology and cybersecurity firms, including his current position as Chairman and CEO of Palo Alto Networks. His expertise spans scaling innovative businesses, finance, and international markets, making him a valuable asset as Uber continues its strategic growth and evolution, particularly in the autonomous mobility sector. Investors should note that Mr. Arora's appointment is seen as a strategic move to enhance the company's governance and technological foresight. His compensation will align with Uber's existing non-employee director program, including an annual cash retainer and restricted stock units. The filing confirms no material conflicts of interest or pre-existing arrangements that would complicate his directorship, underscoring a straightforward addition to the board.

Jun 4, 2025 8-K

Uber Technologies, Inc 8-K Report, Executive Changes (Jun 2, 2025)

Uber Technologies, Inc. announced a significant leadership transition on June 2, 2025, with the departure of Pierre-Dimitri Gore-Coty, Senior Vice President of Delivery, and the immediate appointment of Andrew “Mac” Macdonald as President & Chief Operating Officer. This move signals a strategic focus on platform integration and cross-business growth under seasoned leadership. Mr. Macdonald, a long-tenured Uber executive, will now oversee the Company’s global Mobility, Delivery, and Autonomous businesses, alongside crucial cross-platform functions. His promotion, accompanied by a substantial stock award, underscores the company's confidence in his ability to drive synergies and enhance platform engagement across all user segments, including consumers, drivers, couriers, and merchants. Investors should view this as a deliberate step to consolidate operational oversight and accelerate growth through a more unified platform strategy.

Jun 2, 2025 8-K

Uber Technologies, Inc 8-K Report, Corporate Update (May 20, 2025)

On May 20, 2025, Uber Technologies completed a private Rule 144A offering of $1.15 billion of 0.0% Exchangeable Senior Notes due May 15, 2028, including the full exercise of the initial purchaser's $150 million option. The notes carry no regular interest and do not accrete, so Uber's cash cost of the debt is effectively zero, but the holder's economics are tied to Aurora Innovation (AUR) shares. Each $1,000 note is exchangeable into 117.6471 shares of Aurora Class A common stock, an initial exchange price of about $8.50 per share. Uber may settle in cash, Aurora shares, or a combination, at its election. The structure is notable because Uber is effectively monetizing a portion of its Aurora stake while deferring tax and dilution consequences, and it is secured by first-priority liens on the maximum number of Aurora shares deliverable on exchange, held by the indirect subsidiary Neben Holdings, LLC. The guarantee is limited-recourse to that collateral. Net proceeds were approximately $1,125.9 million, which Uber intends to use for general corporate purposes, possibly including strategic investments, with no specific uses designated. Investors should note that the notes are a senior obligation of Uber, so the collateral is a credit enhancement rather than the only source of repayment in ordinary circumstances. Key risks for investors include the dependence of the exchange value on Aurora's share price, the possibility that Uber must repurchase notes for cash upon an Uber or Aurora fundamental change or a share ownership event, and the limited call protection, since Uber cannot redeem before May 21, 2027. The notes also include provisions that increase the exchange rate in certain corporate events, and bankruptcy-related acceleration of the exchange amount. Because the filing does not disclose the use of proceeds, the strategic rationale and the extent of any Aurora stake monetization should be clarified in future disclosures.

May 20, 2025 8-K

Shareholder Matters

Uber Technologies, Inc 8-K Report, Shareholder Vote Results (May 9, 2025)

Uber Technologies, Inc. (UBER) has filed an 8-K report detailing the outcomes of its annual meeting of stockholders held on May 5, 2025. The meeting saw significant participation, with approximately 82% of the voting power of common stock represented, indicating strong shareholder engagement. Key resolutions included the election of ten directors, an advisory vote on executive compensation, and the ratification of the company's independent auditor. All proposed items received substantial shareholder support, reflecting management's and the board's alignment with investor interests. The election of all ten director nominees was approved, ensuring continuity on the board. Furthermore, shareholders provided a non-binding advisory approval for the 2024 compensation of named executive officers, suggesting general satisfaction with the company's remuneration practices. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 was also ratified, reinforcing trust in the company's financial reporting and audit process.

May 9, 2025 8-K

Uber Technologies, Inc 8-K Report, Financial Results (May 7, 2025)

Uber Technologies reported first quarter 2025 results on May 7, 2025, showing continued profitable growth at scale. Gross Bookings rose 14% year-over-year to $42.8 billion (18% on a constant currency basis), and revenue grew 14% to $11.5 billion (17% constant currency). Trips increased 18% to 3.0 billion, driven by 14% growth in Monthly Active Platform Consumers and a 3% increase in monthly trips per consumer. Growth was broad-based, with Delivery Gross Bookings up 15% and Mobility up 13%. Profitability improved markedly. Income from operations reached $1.2 billion, up $1.1 billion from $172 million a year earlier, and Adjusted EBITDA grew 35% to $1.9 billion, lifting the Adjusted EBITDA margin on Gross Bookings to 4.4% from 3.7%. Net income attributable to Uber was $1.8 billion, though this figure was flattered by a $51 million pre-tax gain on equity investment revaluations and a favorable $402 million income tax benefit; the prior-year period was a $654 million loss that included a $721 million investment headwind. Operating cash flow and free cash flow were both about $2.3 billion, up 64% and 66% respectively. For Q2 2025, Uber guided to Gross Bookings of $45.75 billion to $47.25 billion (16% to 20% constant currency growth) and Adjusted EBITDA of $2.02 billion to $2.12 billion (29% to 35% growth). Investors should note the roughly 1.5 percentage point currency headwind to reported growth in the outlook, and that the company repurchased $1.8 billion of common stock during the quarter, reducing unrestricted cash, cash equivalents and short-term investments to $6.0 billion.

May 7, 2025 8-K

Uber Technologies, Inc 8-K Report, Regulation FD Disclosure (May 6, 2025)

Uber Technologies, Inc. (UBER) has announced a significant strategic acquisition through an 8-K filing on May 6, 2025. The company is acquiring an 85% controlling stake in Trendyol GO, a leading online meal and grocery delivery business in Türkiye, for approximately $700 million in cash. This move marks a substantial expansion for Uber into the Turkish market, a region with demonstrated growth potential in the online delivery sector. Trendyol GO's strong performance in 2024, with over 200 million orders and $2 billion in gross bookings, up more than 50% year-over-year, underscores the strategic value of this acquisition. Uber expects the transaction to be accretive to its growth post-integration, suggesting a positive impact on future financial performance and market share. The deal is anticipated to close in the second half of 2025, pending regulatory approvals and customary closing conditions.

May 6, 2025 8-K

Uber Technologies, Inc 8-K Report, Executive Changes (Feb 7, 2025)

Uber Technologies, Inc. (UBER) has filed a Form 8-K detailing a change in its Board of Directors. Wan Ling Martello, a director since 2017, has informed the company that she will not seek re-election at the upcoming 2025 Annual Meeting of Shareholders. This departure is not due to any disagreement with the company, its management, or its policies, which is a positive indicator for continued stable governance. Ms. Martello's tenure predates Uber's Initial Public Offering (IPO), highlighting her long-standing contribution to the company's strategic development and corporate governance. The company expressed gratitude for her nearly 8 years of service, emphasizing the wealth of expertise she brought to the Board. Investors should view this as a routine leadership transition, with no immediate implications for Uber's operational or strategic direction, though they will be monitoring the selection of her successor.

Feb 7, 2025 8-K

Uber Technologies, Inc 8-K Report, Financial Results (Feb 5, 2025)

Uber reported record fourth-quarter 2024 results, with Gross Bookings of $44.2 billion, up 18% year-over-year (21% in constant currency), and revenue of $12.0 billion, up 20%. Adjusted EBITDA rose 44% to $1.8 billion, lifting its margin to 4.2% of Gross Bookings from 3.4% a year earlier. Income from operations was $770 million, and operating cash flow of $1.8 billion produced $1.7 billion of free cash flow. For full-year 2024, Gross Bookings reached $162.8 billion (up 18%), income from operations was $2.8 billion, Adjusted EBITDA was $6.5 billion (up 60%), and free cash flow was $6.9 billion. Management said these results exceeded its three-year outlook for Gross Bookings, Adjusted EBITDA, and free cash flow. Reported net income attributable to Uber of $6.9 billion is not indicative of operating profitability. It includes a $6.4 billion one-time benefit from a tax valuation allowance release and a $556 million pre-tax unrealized gain on equity investments. Investors should focus on operating metrics such as Adjusted EBITDA, free cash flow, and Gross Bookings growth. Adjusted EBITDA is a non-GAAP measure that excludes stock-based compensation, which was $419 million in the quarter, and certain legal and regulatory reserve charges, which were $462 million in Q4 2024 and $1.1 billion for the full year. For Q1 2025, Uber guided to constant-currency Gross Bookings growth of 17% to 21%, equal to $42.0 to $43.5 billion reported after an expected roughly 5.5 percentage point currency headwind. It guided to Adjusted EBITDA of $1.79 to $1.89 billion, or 30% to 37% growth. Management also said it plans to be active and opportunistic buyers of its stock, and disclosed a $1.5 billion accelerated share repurchase entered in January 2025 under its $7.0 billion authorization.

Feb 5, 2025 8-K

Material AgreementsFinancial EventsExhibits & Filings

Uber Technologies, Inc 8-K Report, Financial Results (Oct 31, 2024)

Uber reported record third-quarter 2024 results, with Gross Bookings of $41.0 billion (up 16% year-over-year, or 20% in constant currency) and revenue of $11.2 billion (up 20%). Income from operations reached $1.06 billion, up from $394 million a year earlier, and management said this was the first quarter with over $1 billion in GAAP operating income. Adjusted EBITDA rose 55% to $1.69 billion, and Adjusted EBITDA margin on Gross Bookings expanded to 4.1% from 3.1%. Operating cash flow of $2.15 billion and free cash flow of $2.11 billion were both strongly positive. Reported net income of $2.6 billion is inflated by a $1.7 billion pre-tax unrealized gain on equity investments, mainly Aurora, so it should not be read as a measure of core earnings. Mobility drove much of the growth, with Gross Bookings up 17% (24% in constant currency) and Adjusted EBITDA up 31%. Mobility revenue margin improved to 30.5%, but business model changes that classify certain sales and marketing costs as contra-revenue reduced it by 150 bps and reduced Mobility revenue growth by about 2 points. Delivery Adjusted EBITDA rose 52% on higher volume and advertising revenue. Freight remained a small drag, with an Adjusted EBITDA loss of $19 million. Corporate costs were roughly flat year-over-year, and the company flagged higher insurance expense as a pressure on non-GAAP cost of revenue. For Q4 2024, Uber guided to Gross Bookings of $42.75 billion to $44.25 billion (16% to 20% growth in constant currency) and Adjusted EBITDA of $1.78 billion to $1.88 billion (39% to 47% growth). The balance sheet strengthened, with unrestricted cash and short-term investments of $9.1 billion, the first investment-grade debt issuances, a new $5.0 billion credit agreement, and plans to redeem $2.0 billion of debt in Q4. Management also repurchased $375 million of stock during the quarter. The filing is a furnished Item 2.02 disclosure, so the press release is not deemed filed under Section 18 of the Exchange Act.

Oct 31, 2024 8-K

Uber Technologies, Inc 8-K Report, Material Agreement (Sep 27, 2024)

Uber Technologies, Inc. (UBER) has entered into a new $5.0 billion Credit Agreement, replacing its previous revolving credit facility. This new agreement, effective September 26, 2024, provides senior unsecured revolving loans with a five-year maturity, maturing on September 29, 2029. The facility is unsecured and not guaranteed by subsidiaries, offering flexibility for general corporate purposes. The terms include variable interest rates based on SOFR or a base rate, plus an initial margin, and a commitment fee that adjusts with the Company's debt ratings from major credit agencies.

Sep 27, 2024 8-K

Uber Technologies, Inc 8-K Report, Corporate Update (Sep 9, 2024)

Uber Technologies, Inc. (UBER) announced the completion of a significant debt offering, raising a total of $4.0 billion through the issuance of new senior unsecured notes. This offering includes $1.25 billion in 4.300% Senior Notes due 2030, $1.5 billion in 4.800% Senior Notes due 2034, and $1.25 billion in 5.350% Senior Notes due 2054. The proceeds from this offering are earmarked for strategic financial management, including the full repayment of approximately $1.97 billion in outstanding term loans as of June 30, 2024. Furthermore, Uber intends to utilize the remaining net proceeds to redeem its outstanding 8.00% Senior Notes due 2026, which had a principal amount of $1.5 billion outstanding as of the same date, expected in November 2024. The company also plans to use a portion for general corporate purposes. This debt refinancing is a key initiative aimed at optimizing Uber's capital structure, potentially lowering interest expenses, and extending its debt maturity profile.

Sep 9, 2024 8-K

Uber Technologies, Inc 8-K Report, Financial Results (Aug 6, 2024)

Uber reported strong second-quarter 2024 results, with Gross Bookings of $40.0 billion, up 19% year-over-year (21% in constant currency). Trips grew 21% to 2.8 billion and Monthly Active Platform Consumers rose 14% to 156 million, indicating healthy platform engagement across Mobility and Delivery. Mobility Gross Bookings grew 23% and Delivery Gross Bookings grew 16%, while Freight was flat. Profitability improved sharply. Income from operations was $796 million, up from $326 million a year earlier, and Adjusted EBITDA was $1.57 billion, up 71%, lifting Adjusted EBITDA margin to 3.9% of Gross Bookings from 2.7%. Revenue grew 16% to $10.7 billion, but business model changes (reclassifying certain sales and marketing costs as contra-revenue in some countries) reduced total revenue growth by about 7 percentage points, so investors should look at Gross Bookings and Adjusted EBITDA for the underlying trend. Reported net income attributable to Uber of $1.0 billion includes a $333 million pre-tax gain from revaluing equity investments, which is non-operating and not indicative of core earnings. Cash generation remained robust, with operating cash flow of $1.8 billion and free cash flow of $1.7 billion. Uber began share repurchases under its February 2024 authorization ($325 million in the quarter) and ended the quarter with $6.3 billion in unrestricted cash, cash equivalents, and short-term investments. For Q3 2024, management guided to Gross Bookings of $40.25 billion to $41.75 billion (18% to 23% constant-currency growth) and Adjusted EBITDA of $1.58 billion to $1.68 billion, while flagging a roughly 4 percentage point FX headwind to reported Gross Bookings growth.

Aug 6, 2024 8-K

Other Events

Uber Technologies, Inc 8-K Report, Corporate Update (Aug 2, 2024)

Uber Technologies, Inc. (UBER) filed an 8-K on August 2, 2024, to announce a planned temporary unpaid leave of absence for its Senior Vice President, Chief Legal Officer, and Corporate Secretary, Tony West. This leave is scheduled to commence on August 17, 2024, for Mr. West to volunteer on a political campaign in his personal capacity. During Mr. West's absence, his duties will be covered by existing members of Uber's legal team. Katie Waitzman, Chief Deputy General Counsel, will assume the General Counsel responsibilities, and Elizabeth Coleman, Deputy General Counsel and Deputy Corporate Secretary, will take on the Corporate Secretary role. The filing also includes standard forward-looking statements and risk disclosures, reminding investors that actual results could differ materially from predictions due to various market and operational factors.

Aug 2, 2024 8-K

Shareholder MattersExhibits & Filings

Uber Technologies, Inc 8-K Report, Regulation FD Disclosure (May 14, 2024)

Uber Technologies (NYSE: UBER) disclosed in an 8-K filed May 14, 2024 that it has agreed to acquire Delivery Hero's foodpanda delivery business in Taiwan for $950 million in cash (cash-free, debt-free, subject to adjustments). Separately, Uber will purchase approximately $300 million of newly issued Delivery Hero ordinary shares at €33.00 per share, with that investment expected to close on or about May 23, 2024. The foodpanda acquisition is subject to regulatory approval and customary closing conditions and is targeted to close in the first half of 2025. Management expects the deal to add at least $150 million of annualized run-rate Delivery Adjusted EBITDA, including synergies, within 12 months of closing. The strategic rationale is to consolidate complementary merchant, courier, and consumer bases onto the Uber Eats platform, with Uber's northern Taiwan and urban strength combined with foodpanda's southern Taiwan and smaller-city coverage. Delivery Hero is exiting Taiwan to focus resources on other markets, which suggests the seller is motivated and the asset is being sold for strategic reasons rather than distress. For investors, the transaction is modest relative to Uber's scale: the $950 million cash outlay plus the $300 million equity stake totals roughly $1.25 billion of commitments. The key items to monitor are regulatory approval in Taiwan (the filing flags possible conditions and a reverse termination fee), realization of the $150 million EBITDA target, and the pace of integration. The filing also notes Uber's Delivery segment is a core growth driver, and this deal reinforces its push for share in mature Asian delivery markets.

May 14, 2024 8-K

Uber Technologies, Inc 8-K Report, Shareholder Vote Results (May 10, 2024)

Uber Technologies, Inc. (UBER) filed an 8-K on May 10, 2024, detailing the outcomes of its annual meeting of stockholders held on May 6, 2024. The meeting saw strong participation, with approximately 83% of the voting power represented. Key outcomes include the election of all eleven director nominees, advisory approval of executive compensation, and ratification of PricewaterhouseCoopers LLP as the independent auditor for 2024. The company also secured stockholder approval for an amendment to its Certificate of Incorporation regarding officer exculpation. Notably, a stockholder proposal requesting an independent third-party audit on driver health and safety was not approved by the majority of votes. This report primarily serves to inform investors about corporate governance decisions and the voting results on key proposals presented to shareholders.

May 10, 2024 8-K

Uber Technologies, Inc 8-K Report, Financial Results (May 8, 2024)

Uber's first quarter 2024 results, furnished under Item 2.02 of this 8-K, show a company growing top-line volume while improving profitability. Gross Bookings rose 20% year-over-year to $37.7 billion (21% in constant currency), with trips up 21% to 2.6 billion and Monthly Active Platform Consumers up 15% to 149 million. Revenue grew 15% to $10.1 billion, but that figure is distorted by business model changes that reclassified certain sales and marketing costs as contra-revenue, which reduced total revenue growth by about 8 percentage points. Profitability was the headline. Adjusted EBITDA reached $1.38 billion, up 82% year-over-year, lifting the Adjusted EBITDA margin on Gross Bookings to 3.7% from 2.4%. Operating income swung to $172 million from a $262 million loss a year earlier, and operating cash flow of $1.4 billion produced free cash flow of $1.36 billion. Mobility Adjusted EBITDA rose 40% and Delivery Adjusted EBITDA rose 83%, with Delivery benefiting from cost leverage and advertising revenue. Investors should weigh the GAAP net loss of $654 million, which includes a $721 million pre-tax headwind from marking down equity stakes, principally Aurora, Grab and Didi. Management guided Q2 2024 Gross Bookings of $38.75–$40.25 billion (18–23% constant-currency growth) and Adjusted EBITDA of $1.45–$1.53 billion, implying 58–67% year-over-year growth. Unrestricted cash and short-term investments totaled $5.8 billion at quarter end.

May 8, 2024 8-K

Uber Technologies, Inc 8-K Report, Regulation FD Disclosure (Feb 14, 2024)

On February 14, 2024, Uber Technologies (NYSE: UBER) furnished an 8-K disclosing two developments: the Board's February 6, 2024 authorization of its first-ever share repurchase program of up to $7 billion of common stock, and an Investor Update presenting a three-year financial outlook and capital allocation framework. Repurchases may be made through open market purchases and accelerated share repurchases, and their timing, price, and amount are at management's discretion and may be started, suspended, or stopped at any time without notice. The CFO framed the buyback as a way to first partially offset stock-based compensation, then progressively reduce share count. The three-year outlook targets Gross Bookings growth in the mid-to-high teens CAGR (constant currency), Adjusted EBITDA growth in the high-30s to 40% CAGR, and Free Cash Flow at 90% or more of Adjusted EBITDA on an annual basis. The presentation cites FY2023 Adjusted EBITDA of $4.1 billion, up from a $1.8 billion loss in 2018, and FY2023 Free Cash Flow of $3.4 billion. It also points to GAAP operating profitability achieved in Q2 2023 and a framework that leans on operating leverage, lower customer acquisition costs, and capital discipline. For investors, the key takeaways are a shift toward shareholder returns and a clear profitability-focused plan. The targets imply Adjusted EBITDA growing at more than twice the rate of Gross Bookings, which the company says will come from margin expansion while it continues to reinvest opportunistically. The buyback has no fixed share count or timeline, so its real impact will depend on execution. The filing also includes standard forward-looking statement cautions and notes that GAAP reconciliations for forward-looking non-GAAP measures are not provided because of unpredictable items such as legal settlements and equity investment gains or losses.

Feb 14, 2024 8-K

Material AgreementsFinancial EventsSecurities & Listing+2

Uber Technologies, Inc 8-K Report, Financial Results (Feb 7, 2024)

Uber reported Q4 2023 results that showed accelerating top-line growth and a clear step-up in profitability. Gross Bookings rose 22% year-over-year to $37.6 billion (21% in constant currency), with Mobility Gross Bookings up 29% and Delivery up 19%. Trips grew 24% to 2.6 billion and Monthly Active Platform Consumers reached 150 million (+15%). Revenue grew 15% to $9.9 billion, though management noted that business model changes classifying certain sales and marketing costs as contra revenue reduced combined Mobility and Delivery revenue growth by about 7 percentage points. Profitability was the headline. Income from operations swung to $652 million from a $142 million loss a year earlier, and Adjusted EBITDA rose 93% to $1.28 billion, or 3.4% of Gross Bookings versus 2.2% in Q4 2022. Free cash flow was $768 million, compared with negative $303 million a year earlier. GAAP net income attributable to Uber was $1.4 billion, but this included a roughly $1.0 billion pre-tax benefit from equity investment revaluations, so investors should weigh the operating results more heavily. For full year 2023, Uber posted its first full-year GAAP operating profit of $1.1 billion, net income of $1.9 billion, and free cash flow of $3.4 billion. For Q1 2024, Uber guided to Gross Bookings of $37.0 to $38.5 billion and Adjusted EBITDA of $1.26 to $1.34 billion. Freight remained a drag, with revenue down 17% and an Adjusted EBITDA loss. Investors will be watching the Investor Update the following week for capital allocation plans. The filing itself is a furnished (not filed) 8-K under Item 2.02 that attaches the earnings press release as Exhibit 99.1.

Feb 7, 2024 8-K

Uber Technologies, Inc 8-K Report, Material Agreement (Nov 24, 2023)

On November 24, 2023, Uber Technologies closed a privately placed offering of $1.5 billion aggregate principal amount of 0.875% Convertible Senior Notes due December 1, 2028, including the full exercise of the initial purchasers' $225.0 million option. Net proceeds were approximately $1.7 billion. Uber spent about $140.6 million on capped call transactions, which are designed to reduce dilution from conversion, and intends to use the remainder mainly to redeem its $1.0 billion of 7.500% senior notes due 2025. The deal was upsized from an initially announced $1.2 billion, which signals strong investor demand for the company's debt. The notes carry a conversion price of approximately $72.54 per share, a 32.5% premium to the November 20, 2023 closing price, and the capped calls have an initial cap price of about $95.81, a 75% premium to that reference price. Uber may settle conversions in cash, shares, or a combination, and may redeem the notes for cash on or after December 5, 2026 if the stock trades at or above 130% of the conversion price for a specified period. The main investor takeaway is a refinancing that replaces higher-coupon debt with much cheaper convertible debt, extends maturities, and limits near-term dilution, with the trade-off that conversion could add equity dilution above the cap price. The filing also amends the 0% Convertible Notes due 2025 so that conversions will be settled only in cash or combination, with the specified cash amount at least $1,000 per $1,000 principal, removing the option to settle conversions in physical shares. The notes are unsecured senior obligations, and the indenture includes customary covenants and events of default, including a cross-default threshold of $350 million in indebtedness. Because the offering was made under Rule 144A, the notes and any underlying shares are unregistered and have restricted resale until registered or otherwise exempt.

Nov 24, 2023 8-K

Earnings & ResultsLeadership ChangesExhibits & Filings

Uber Technologies, Inc 8-K Report, Executive Changes (Nov 17, 2023)

Uber Technologies, Inc. (UBER) announced a significant addition to its Board of Directors with the appointment of Turqi Alnowaiser, effective November 16, 2023. Mr. Alnowaiser brings extensive global financial and operational expertise, notably from his leadership roles at the Public Investment Fund (PIF) of Saudi Arabia, where he headed international investments. His appointment is expected to enhance the board's strategic oversight and leverage his experience in financial services, regulation, and international markets. Investors should note that Mr. Alnowaiser has been appointed to the Audit Committee, indicating a focus on financial governance and compliance. His compensation will align with the company's existing non-employee director program, including a cash retainer and restricted stock units, reflecting a commitment to aligning director interests with shareholder value. This strategic board enhancement signals Uber's continued focus on global growth and robust corporate governance.

Nov 17, 2023 8-K

Uber Technologies, Inc 8-K Report, Financial Results (Nov 7, 2023)

Uber reported third-quarter 2023 results that showed strong top-line momentum and record profitability. Gross Bookings rose 21% year-over-year to $35.3 billion (20% in constant currency), with Mobility Gross Bookings up 31% and Delivery up 18%. Trips accelerated to 25% growth to 2.4 billion, and Monthly Active Platform Consumers grew 15% to 142 million. Revenue grew 11% to $9.3 billion, but this figure was held back by business model changes that reclassified certain sales and marketing costs as contra revenue, which reduced combined Mobility and Delivery revenue growth by roughly 8 percentage points. Investors should read the revenue line with that reclassification in mind. Profitability was the standout. Income from operations swung to $394 million from a $495 million loss a year earlier, and Adjusted EBITDA reached $1.09 billion, up 112% year-over-year, with Adjusted EBITDA margin at 3.1% of Gross Bookings. GAAP net income attributable to Uber was $221 million, though it absorbed a $96 million pre-tax headwind from equity investment revaluations. Operating cash flow was $966 million and free cash flow was $905 million, even after a roughly $622 million cash outflow tied to an HMRC VAT assessment. Management guided Q4 2023 Gross Bookings to $36.5 to $37.5 billion and Adjusted EBITDA to $1.18 to $1.24 billion. The filing also disclosed a leadership change: Prashanth Mahendra-Rajah becomes Chief Financial Officer effective November 8, 2023, succeeding Nelson Chai, who stays through January 5, 2024 to assist the transition. The release additionally noted resolution of employment-classification matters with the New York State Attorney General, which management characterized as settling the classification issue in New York.

Nov 7, 2023 8-K

Corporate ChangesRegulation FDExhibits & Filings

Uber Technologies, Inc 8-K Report, Bylaw Amendment (Nov 3, 2023)

Uber Technologies, Inc. (UBER) filed an 8-K on November 3, 2023, detailing two primary events: amendments to its bylaws and a settlement with the New York Attorney General. The bylaw amendments, effective October 30, 2023, primarily address universal proxy rules, allow for emergency bylaws, and introduce a specific provision for significant, long-term stockholders to nominate director candidates. While these changes are procedural, they reflect updates to corporate governance in line with evolving regulatory requirements and shareholder engagement expectations. The more impactful news for investors concerns the settlement with the New York Attorney General, announced on November 2, 2023. This agreement resolves allegations related to driver misclassification, employment violations, and fraud in New York. Key concessions include a minimum earnings floor for drivers outside New York City, paid sick leave provisions for drivers across New York State, enhanced in-app support in multiple languages, and a formalized appeals process for driver deactivation. Uber has already accounted for these matters in its June 30, 2023, balance sheet and expects the resolution to impact operating cash flow in Q4 2023, with no projected impact on the income statement.

Nov 3, 2023 8-K

Leadership ChangesExhibits & Filings

Uber Technologies, Inc 8-K Report, Executive Changes (Sep 28, 2023)

Uber Technologies, Inc. (UBER) announced a significant leadership change in its finance department via an 8-K filing dated September 27, 2023. The company has appointed Prashanth Mahendra-Rajah as its new Chief Financial Officer (CFO), effective November 13, 2023. Mr. Mahendra-Rajah brings extensive financial leadership experience from prominent technology and manufacturing companies, including Analog Devices, Inc. and WABCO Holdings Inc., and currently serves on the board of The Goodyear Tire & Rubber Company. This appointment marks a transition for the current CFO, Nelson Chai, who will remain with Uber through January 5, 2024, to ensure a smooth handover. Investors should note the terms of Mr. Mahendra-Rajah's employment agreement, which includes a base salary of $800,000, eligibility for an executive bonus plan, a substantial restricted stock unit award valued at $10 million, a stock option award of $4 million, and a $1 million signing bonus. The signing bonus has a repayment clause tied to the length of employment, incentivizing retention.

Sep 28, 2023 8-K

Earnings & ResultsLeadership ChangesMaterial Agreements+2

Uber Technologies, Inc 8-K Report, Material Agreement (Aug 1, 2023)

Uber reported Q2 2023 results that marked its first-ever GAAP operating profit, with income from operations of $326 million, up $1.0 billion year-over-year. Gross Bookings grew 16% YoY to $33.6 billion (18% constant currency), revenue rose 14% to $9.2 billion, and Adjusted EBITDA reached $916 million, an all-time high margin of 2.7% of Gross Bookings. Free cash flow was a record $1.1 billion, and unrestricted cash, cash equivalents and short-term investments totaled $5.5 billion at quarter-end. Net income of $394 million was flattered by a $386 million pre-tax benefit from revaluing equity investments, so investors should weigh the operating improvement more heavily than the headline GAAP net income figure. Mobility was the main growth engine, with Gross Bookings up 25% YoY (28% constant currency) and Mobility Adjusted EBITDA margin improving to 7.0% of Gross Bookings. Part of the revenue growth reflects a UK business model change that contributed an 810 bps net benefit to the Mobility take rate, so underlying growth is somewhat lower than the reported figures. Delivery Gross Bookings grew 12% and Delivery Adjusted EBITDA rose to $329 million, while Freight revenue fell 30% amid a weak freight market. Management guided Q3 2023 Gross Bookings to $34.0-35.0 billion and Adjusted EBITDA to $975 million-$1.025 billion. The filing also disclosed that CFO Nelson Chai will depart on January 5, 2024, with a search for a replacement underway; the departure is not related to any accounting or disclosure disagreement. Uber expanded its revolving credit facility by $250 million to about $2.5 billion, with pricing and maturity unchanged, and paid a £386 million (about $487 million) UK VAT assessment in July 2023 to pursue a tax court dispute, which will weigh on Q3 operating cash flow but not on the income statement.

Aug 1, 2023 8-K

Leadership ChangesExhibits & Filings

Uber Technologies, Inc 8-K Report, Executive Changes (Jun 30, 2023)

Uber Technologies, Inc. (UBER) filed an 8-K on June 30, 2023, detailing significant updates approved by its Compensation Committee on June 28, 2023. The most impactful changes for investors revolve around the amendment and restatement of the Company's Clawback Policy and its Executive Severance Plan (ESP). The updated Clawback Policy now aligns with new SEC rules (Rule 10D-1) requiring mandatory recovery of erroneously awarded incentive-based compensation from Section 16 Officers in cases of accounting restatements, regardless of officer misconduct. The amendments to the Executive Severance Plan aim to keep Uber competitive with industry peers and refine severance provisions. Key changes include lump sum cash payments, accelerated vesting of time-based equity awards, and specific provisions for performance-based equity awards in the event of a Qualifying Termination, both with and without a change in control. These adjustments to compensation and severance policies are standard practice but signal the company's commitment to regulatory compliance and executive compensation competitiveness.

Jun 30, 2023 8-K

Shareholder MattersExhibits & Filings

Uber Technologies, Inc 8-K Report, Shareholder Vote Results (May 12, 2023)

Uber Technologies, Inc. (UBER) filed an 8-K on May 11, 2023, detailing the results of its annual stockholder meeting held on May 8, 2023. The meeting saw strong participation, with approximately 78.9% of the voting power represented. Key outcomes include the election of all ten director nominees, the advisory approval of the 2022 executive compensation, and the ratification of PricewaterhouseCoopers LLP as the independent auditor for 2023. Notably, two stockholder proposals related to driver health and safety were not approved by the majority of shareholders. The first proposal sought an independent third-party audit on driver health and safety, which failed to garner sufficient support. The second, a proposal raised from the floor regarding driver health and safety policies, also did not pass. These results indicate shareholder confidence in the current board and audit firm, while also suggesting a divergence in opinion on the immediate need for specific driver safety audits as proposed.

May 12, 2023 8-K

Material AgreementsFinancial EventsExhibits & Filings

Uber Technologies, Inc 8-K Report, Financial Results (May 2, 2023)

Uber reported Q1 2023 results that were defined by a sharp improvement in profitability and cash generation, even as the headline top-line growth was partly flattered by accounting changes. Gross Bookings rose 19% YoY to $31.4 billion (22% in constant currency), led by Mobility at $15.0 billion (+40% YoY, +43% constant currency) while Delivery grew 8% to $15.0 billion and Freight fell 23%. Revenue grew 29% YoY to $8.8 billion, but management noted that revenue growth significantly outpaced Gross Bookings because of a business model change in the UK that now classifies most driver payments as cost of revenue. That change contributed roughly $1.1 billion to Mobility revenue and a 750 bps benefit to the Mobility take rate, so investors should look at Gross Bookings and Adjusted EBITDA for underlying trends. Profitability was the main story. Adjusted EBITDA reached $761 million, up $593 million YoY, with margin on Gross Bookings expanding to 2.4% from 0.6%. Mobility Adjusted EBITDA was $1.06 billion (7.1% margin) and Delivery Adjusted EBITDA turned to $288 million (1.9% margin). Operating cash flow was $606 million and free cash flow was a record $549 million, compared with negative free cash flow a year earlier. GAAP net loss attributable to Uber narrowed to $157 million, helped by a $320 million pre-tax unrealized gain on equity investments, and the GAAP loss from operations improved to $262 million. Management guided Q2 2023 Gross Bookings to $33.0-$34.0 billion and Adjusted EBITDA to $800-$850 million. On the balance sheet, Uber exited its Yandex.Taxi stake for $702.5 million in cash, refinanced its $2.5 billion of 2025 and 2027 term loans to a 2030 maturity, and ended the quarter with $4.2 billion of unrestricted cash, cash equivalents and short-term investments. Separately, e& agreed to contribute $400 million to the Careem Super App in exchange for a majority equity stake. Investors should keep in mind that Adjusted EBITDA excludes stock-based compensation, which was $470 million in the quarter, and that the release states these figures are unaudited and furnished rather than filed under the Exchange Act.

May 2, 2023 8-K

Other Events

Uber Technologies, Inc 8-K Report, Corporate Update (Apr 21, 2023)

Uber Technologies, Inc. (UBER) has announced the complete divestiture of its stake in MLU B.V., its joint venture with Yandex. The company, along with its affiliates, sold its remaining 29% equity interest to Yandex for a total of $702.5 million in cash. This transaction, which closed on April 20, 2023, signifies Uber's full exit from any ownership in MLU B.V. and its affiliated entities with Yandex. This strategic move allows Uber to further streamline its operations and focus on its core mobility and delivery businesses. The substantial cash infusion from this sale provides additional financial flexibility for the company, potentially enabling further investments in growth initiatives or strengthening its balance sheet. Investors should monitor how this capital is deployed and its impact on future financial performance.

Apr 21, 2023 8-K

Uber Technologies, Inc 8-K Report, Material Agreement (Mar 14, 2023)

Uber Technologies, Inc. (UBER) announced on March 14, 2023, a significant refinancing of its existing term loan facility. The company successfully borrowed $761 million in aggregate principal amount of "Refinancing Loans," which were used to refinance and reprice all outstanding 2021 Refinancing Term Loans. This strategic move extends the maturity date for a portion of its debt from February 25, 2027, to March 3, 2030, aligning with the maturity of the overall 2023 Refinancing Term Loans. Additionally, Uber has secured a lower interest rate spread on this debt, reducing it from LIBOR plus 3.50% to SOFR plus 2.75% per annum.

Mar 14, 2023 8-K

Material AgreementsFinancial EventsExhibits & Filings

Uber Technologies, Inc 8-K Report, Material Agreement (Mar 3, 2023)

Uber Technologies, Inc. (UBER) announced on March 3, 2023, a significant refinancing of its existing debt. The company has borrowed $1.75 billion in aggregate principal amount of new "Refinancing Loans" under an amended Term Loan Agreement. These new loans are intended to repay outstanding "2021 Incremental Term Loans" and a portion of the "2021 Refinancing Term Loans." This move is noteworthy for investors as it extends the maturity dates of substantial debt tranches, pushing them to March 3, 2030. Specifically, $1.432 billion of 2021 Incremental Term Loans and $317 million of 2021 Refinancing Term Loans will now mature later. Additionally, Uber has secured a reduced interest rate spread on these refinanced loans, moving from LIBOR plus 3.50% to SOFR plus 2.75%, which could positively impact interest expenses.

Mar 3, 2023 8-K

Uber Technologies, Inc 8-K Report, Financial Results (Feb 8, 2023)

Uber reported Q4 and full-year 2022 results that showed its strongest quarter to date, with Gross Bookings up 19% year-over-year to $30.7 billion (26% in constant currency), and record Mobility Gross Bookings and Adjusted EBITDA margins. Q4 revenue rose 49% to $8.6 billion, but that growth was inflated by a UK business model change that reclassified driver payments and incentives, which contributed a $1.2 billion revenue benefit, and by the Transplace acquisition. Net income attributable to Uber was $595 million, but this included a $756 million pre-tax benefit from revaluing equity investments, so underlying operating performance is better represented by Adjusted EBITDA of $665 million (up $579 million YoY). Cash generation was weak in the quarter. Operating cash flow was negative $244 million and free cash flow was negative $303 million, largely due to a roughly $733 million outflow to settle HMRC VAT claims in the UK. Excluding that settlement, free cash flow would have been $430 million for Q4 and $1.1 billion for the full year. Full-year 2022 results still showed a GAAP net loss of $9.1 billion, driven mainly by a $7.0 billion pre-tax headwind from equity investment revaluations, primarily on Aurora, Grab, and Didi holdings. Management guided Q1 2023 Gross Bookings to $31.0-$32.0 billion (20-24% constant-currency growth) and Adjusted EBITDA to $660-$700 million. For investors, the key questions are whether the UK reclassification flatters revenue and take rate comparisons, whether Adjusted EBITDA margin expansion can continue given the Q1 guidance, and how the sizable investment portfolio affects GAAP earnings volatility. Unrestricted cash and short-term investments stood at $4.3 billion at year-end.

Feb 8, 2023 8-K

Uber Technologies, Inc 8-K Report, Financial Results (Nov 1, 2022)

Uber Technologies reported third-quarter 2022 results that were strong on the headline operating metrics, though GAAP earnings remained deeply negative. Gross Bookings rose 26% year-over-year to $29.1 billion (32% in constant currency), led by Mobility at $13.7 billion (+38% YoY, +45% constant currency). Trips grew 19% to 1.95 billion and Monthly Active Platform Consumers reached 124 million. Adjusted EBITDA came in at a record $516 million, up $508 million from roughly breakeven in Q3 2021, and operating cash flow of $432 million produced free cash flow of $358 million. Management guided Q4 2022 Gross Bookings to $30.0–$31.0 billion and Adjusted EBITDA to $600–$630 million. The headline GAAP picture is weaker. Net loss attributable to Uber was $1.2 billion, including a $512 million pre-tax headwind from revaluing equity investments and $482 million of stock-based compensation. Revenue grew 72% to $8.3 billion, but investors should read that figure with caution. About $1.1 billion of Mobility revenue came from a UK business model change that reclassifies driver payments, and Delivery revenue also benefited from similar reclassifications. Revenue growth therefore substantially overstates underlying growth, and take rates are inflated accordingly. Nominal growth was also helped by the Transplace acquisition in Uber Freight. Balance sheet and legal items also matter. Unrestricted cash was $4.9 billion at quarter end. Uber also disclosed the resolution of UK HMRC VAT claims on October 31, 2022, with an expected cash outflow of approximately GBP 615 million in Q4 2022. The company said it has adequate reserves, so the income-statement impact should be minimal, but the payment will reduce cash in the coming quarter. Total equity fell to $7.0 billion from $15.1 billion at year-end 2021, reflecting the accumulated deficit and investment write-downs.

Nov 1, 2022 8-K

Uber Technologies, Inc 8-K Report, Regulation FD Disclosure (Sep 19, 2022)

On September 19, 2022, Uber Technologies furnished an 8-K under Item 7.01 (Regulation FD) with an update on a cybersecurity incident disclosed the prior week. The company says an attacker compromised an external contractor's account after the contractor's personal device was infected with malware and their corporate password was exposed. The attacker then used repeated two-factor login prompts, and the contractor eventually approved one, which gave the attacker access. From there, the attacker reached other employee accounts, gained elevated permissions to tools including G-Suite and Slack, posted a message to a company-wide Slack channel, and altered the display of some internal sites through OpenDNS. Uber states that its investigation is ongoing but reports several findings so far. It has not seen the attacker access production systems that power its apps, user accounts, or databases holding sensitive data such as payment card numbers, bank details, or trip history. It found no code changes and no access to customer data in cloud storage. The attacker did download some internal Slack messages and accessed or downloaded information from an internal finance tool used to manage some invoices, which the company is still analyzing. The attacker also reached the company's HackerOne bug bounty dashboard, and the company says any accessed vulnerability reports have been remediated. Uber says its public-facing Uber, Uber Eats, and Uber Freight services remained operational, and that customer support was only minimally affected and has returned to normal. Uber attributes the attack to individuals it believes are affiliated with the Lapsus$ hacking group, is coordinating with the FBI and the U.S. Department of Justice, and is working with several digital forensics firms. Remediation steps include blocking or resetting compromised accounts, disabling affected internal tools, rotating keys, locking the codebase against new changes, requiring re-authentication, strengthening MFA policies, and adding monitoring. For investors, the filing indicates no material impact determined to date, but the investigation remains open and the filing does not quantify any financial effect.

Sep 19, 2022 8-K

Shareholder MattersExhibits & Filings

Uber Technologies, Inc 8-K Report, Financial Results (Aug 2, 2022)

Uber's Q2 2022 results (8-K Item 2.02, furnished with Exhibit 99.1 on August 2, 2022) show strong top-line growth and a clear inflection toward self-funding operations, but headline GAAP earnings were weighed down by investment marks. Gross Bookings reached an all-time high of $29.1 billion, up 33% YoY (36% constant currency), led by Mobility at $13.4 billion (+55%) and Delivery at $13.9 billion (+7%), with Freight contributing $1.8 billion following the Transplace acquisition. Trips rose 24% YoY to 1.87 billion and MAPCs reached 122 million. Profitability and cash generation improved markedly. Adjusted EBITDA was $364 million, compared with negative $509 million a year earlier, and free cash flow was $382 million versus negative $398 million in Q2 2021. Management described Q2 as the first quarter Uber became a free cash flow generator. However, GAAP net loss attributable to Uber was $2.6 billion, driven by a $1.7 billion pre-tax net headwind from revaluing equity stakes in Aurora, Grab, Zomato, and Didi, plus $470 million of stock-based compensation. Investors should also note that revenue growth of 105% to $8.1 billion is inflated by a $983 million net benefit from UK business model changes and a driver-classification accrual, plus reclassifications of certain Delivery payments as cost of revenue. Mobility take rate of 26.6% therefore overstates underlying economics; excluding UK effects it would be about 19.2%. Management guided Q3 2022 Gross Bookings to $29.0–30.0 billion and Adjusted EBITDA to $440–470 million. Unrestricted cash was $4.4 billion at quarter end, and total stockholders' equity fell to $6.7 billion from $14.5 billion at year-end 2021, largely due to the accumulated deficit increase from investment losses.

Aug 2, 2022 8-K

Uber Technologies, Inc 8-K Report, Shareholder Vote Results (May 12, 2022)

Uber Technologies, Inc. (UBER) filed an 8-K on May 12, 2022, reporting the outcomes of its annual meeting of stockholders held on May 9, 2022. The meeting saw significant participation, with approximately 76.4% of the voting power represented. Key outcomes include the election of all eleven director nominees and the non-binding advisory approval of the 2021 executive compensation. Additionally, the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2022 was ratified. Notably, a stockholder proposal to prepare an annual report on the company's lobbying activities was not approved by the stockholders. The company's CEO, Dara Khosrowshahi, signed the filing, indicating the company's ongoing operations and adherence to reporting requirements.

May 12, 2022 8-K