Uber Q2 2024 Earnings: Navigating Growth and Innovation

Uber Q2 2024 Earnings: Navigating Growth and Innovation

• 1. Uber Technologies, Inc. Q2 2024 Earnings Supplemental Data August 6, 2024 1

• 2. 2 Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Costs and Operating Expenses; Delivery business model change impact on Revenue; Mobility business model change impact on Revenue; Delivery business model change impact on Cost of Revenue; Mobility business model change impact on Cost of Revenue; Free Cash Flow; as well as revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business. There are a number of limitations related to the use of nonGAAP financial measures. In light of these limitations we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP. For more information on these non-GAAP financial measures, please see the section titled “Non-GAAP Reconciliations” included at the end of this deck. In regards to forward looking non-GAAP guidance provided on our Q2 2024 earnings release and call, we are not able to reconcile the forward-looking non-GAAP Adjusted EBITDA measure to the closest corresponding GAAP measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include, but are not limited to, significant legal settlements, unrealized gains and losses on equity investments, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts.

• 3. 3 Forward Looking Statements This presentation contains forward-looking statements regarding our future business expectations, which involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forwardlooking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: competition, managing our growth and corporate culture, financial performance, investments in new products or offerings, our ability to attract drivers, consumers and other partners to our platform, our brand and reputation, other legal and regulatory developments, particularly with respect to our relationships with drivers and couriers, and the impact of the global economy, including rising inflation and interest rates. In addition, other potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our annual report on Form 10-K for the year ended December 31, 2023 and subsequent annual reports, quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this presentation is as of the date hereof and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of such date. We undertake no duty to update this information unless required by law.

• 4. Q2 2024 Earnings 4 Autonomous Vehicle Spotlight Segment Details Condensed Consolidated Financials Financial and Operational Highlights Non-GAAP Reconciliations

• 5. Q2 2024 Earnings Uber’s industry-leading utilization, seamless consumer experience, and go-to-market expertise drive the greatest value for AV partners 5 • Our matching efficiency and scale -> the best utilization and unit economics for AV fleets • Hybrid network of autonomous and human drivers -> enables consistent, high-quality, and reliable consumer experiences across all geographies, 24/7 • Our ridehailing go-to-market and operations expertise -> allows AV companies to focus on responsibly advancing their AV technology Hybrid supply strategy; consumers automatically match with AVs Timely guidance through every step of the ride and self-serve tools create a seamless consumer experience

• 6. Q2 2024 Earnings 6 Autonomous Vehicle Spotlight Segment Details Condensed Consolidated Financials Financial and Operational Highlights Non-GAAP Reconciliations

• 7. Q2 2024 Earnings Note 1: MAPCs is the number of unique consumers who completed a Mobility ride or received a Delivery order on our platform at least once in a given month, averaged over each month in the quarter. Note 2: We define Trips as the number of completed consumer Mobility rides and Delivery orders in a given period. Note 3: We define Frequency as Monthly Trips divided by MAPCs for a given period. Operating Metrics Figures in Millions, excluding Monthly Trips / MAPC 7 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 156 150 149 142 137 MAPCs +14% MAPCs Growth YoY 5.9 5.8 5.8 5.7 Monthly 5.6 Trips / MAPC +6% Frequency Growth YoY 2,765 2,601 2,572 2,441 2,282 Trips +21% Trips Growth YoY 12% 15% 15% 15% 14% % Growth YoY % Growth YoY % Growth YoY 9% 9% 8% 6% 6% 22% 25% 24% 21% 21%

• 8. Q2 2024 Earnings $ in Millions Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 $39,952 $37,575 $37,651 $35,281 $33,601 % Growth YoY Note 1: We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of: Mobility rides, Delivery orders (in each case without any adjustment for consumer discounts and refunds, Driver and Merchant earnings, and Driver incentives) and Freight Revenue. Gross Bookings do not include tips earned by Drivers. Note 2: “% Constant Currency Growth YoY” is calculated by translating our current period financial results using the corresponding prior period’s monthly exchange rates for our transacted currencies other than the U.S. dollar. % Constant Currency Growth YoY 16% 21% 22% 20% 19% 18% 20% 21% 21% 21% Gross Bookings +21% Gross Bookings Constant Currency Growth YoY 8

• 9. Q2 2024 Earnings $ in Millions Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 $9,936 $10,131 $10,700 $9,292 $9,230 % Growth YoY Note 1: Refer to page 26 (“Business Model Change Impact on Revenue”) for more details Note 2: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. % Constant Currency Growth YoY 14% 11% 15% 15% 16% 17% 10% 13% 15% 17% Revenue 9

• 10. Q2 2024 Earnings Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 $1,570 $1,382 $1,283 $1,092 $916 Note 1: We define Adjusted EBITDA as net income (loss), excluding (i) income (loss) from discontinued operations, net of income taxes, (ii) net income (loss) attributable to non-controlling interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) interest expense, (vi) other income (expense), net, (vii) depreciation and amortization, (viii) stock-based compensation expense, (ix) certain legal, tax, and regulatory reserve changes and settlements, (x) goodwill and asset impairments/loss on sale of assets, (xi) acquisition, financing and divestitures related expenses, (xii) restructuring and related charges and (xiii) other items not indicative of our ongoing operating performance. Note 2: We define Adjusted EBITDA margin as a percentage of Gross Bookings as Adjusted EBITDA divided by Gross Bookings. Note 3: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. Adjusted EBITDA Margin as a % of Gross Bookings +71% Adjusted EBITDA Growth YoY Adjusted EBITDA $ in Millions 3.9% 3.7% 3.4% 3.1% 2.7% 10 152% 112% 93% 82% 71% % Growth YoY

• 11. Q2 2024 Earnings 11 Autonomous Vehicle Spotlight Segment Details Condensed Consolidated Financials Financial and Operational Highlights Non-GAAP Reconciliations

• 12. Q2 2024 Earnings $6,134 $5,537 $5,633 $4,894 $5,071 30.2% 29.8% 28.3% 28.7% 29.3% % Constant Currency Growth YoY Gross Bookings Adjusted EBITDA Revenue % Constant Currency Growth YoY Note 1: Refer to page 26 (“Business Model Change Impact on Revenue”) for more details Note 2: Revenue Margin is defined as Revenue as a percentage of Gross Bookings. Note 3: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. Note 4: All measures are for Mobility segment unless otherwise noted. Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 $1,567 $1,446 $1,479 $1,287 $1,170 $20,554 $17,903 $19,285 $18,670 $16,728 +27% Gross Bookings Constant Currency Growth YoY $ in Millions 28% 30% 28% 26% 27% 40% 31% 31% 29% 27% 7.6% 7.9% 7.5% 7.2% 7.0% Revenue Margin Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of Gross Bookings 12 Mobility Highlights

• 13. Q2 2024 Earnings Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 $588 $528 $476 $413 $329 3.0% 3.2% 2.6% 2.8% 2.1% 14% 16% 17% 17% 17% $3,119 $3,214 $3,293 $3,057 $2,935 18.2% 18.3% 18.2% 18.2% 19.6% % Constant Currency Growth YoY Gross Bookings +17% Gross Bookings Constant Currency Growth YoY Adjusted EBITDA $17,699 $18,126 $17,011 $15,595 $16,094 17% 5% 4% 4% 9% Delivery Highlights $ in Millions Revenue Margin Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of Gross Bookings 13 Note 1: Refer to page 26 (“Business Model Change Impact on Revenue”) for more details Note 2: Revenue Margin is defined as Revenue as a percentage of Gross Bookings. Note 3: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. Note 4: All measures are for Delivery segment unless otherwise noted. Revenue % Constant Currency Growth YoY

• 14. Q2 2024 Earnings Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of Revenue Note 1: See Non-GAAP reconciliations for reconciliation of non-GAAP measures. Note 2: All measures are for Freight segment unless otherwise noted. Freight Highlights $ in Millions Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 ($14) ($13) ($14) ($21) ($12) $1,279 $1,286 $1,280 $1,284 $1,273 Revenue % Constant Currency Growth YoY Adjusted EBITDA (30%) (27%) (17%) (8%) (1%) (0.9%) (1.6%) (1.1%) (1.0%) (1.1%) 14

• 15. Q2 2024 Earnings 15 Autonomous Vehicle Spotlight Segment Details Condensed Consolidated Financials Financial and Operational Highlights Non-GAAP Reconciliations

• 16. Q2 2024 Earnings $ in Millions, except share amounts, which are in thousands, and per share amounts 2023 2024 2023 2024 Revenue $9,230 $10,700 $18,053 $20,831 Costs and expenses Cost of revenue, exclusive of depreciation and amortization shown separately below 5,515 6,488 10,774 12,656 Operations and support 664 682 1,304 1,367 Sales and marketing 1,218 1,115 2,480 2,032 Research and development 808 760 1,583 1,550 General and administrative 491 686 1,433 1,895 Depreciation and amortization 208 173 415 363 Total costs and expenses $8,904 $9,904 $17,989 $19,863 Income from operations $326 $796 $64 $968 Interest expense (144) (139) (312) (263) Other income (expense), net 273 420 565 (258) Income before income taxes and income (loss) from equity method investments 455 1,077 317 447 Provision for income taxes 65 57 120 86 Income (loss) from equity method investments 4 (12) 40 (16) Net income including non-controlling interests 394 1,008 237 345 Less: net loss attributable to non-controlling interests, net of tax - (7) - (16) Net income attributable to Uber Technologies, Inc. $394 $1,015 $237 $361 Net income per share attributable to Uber Technologies, Inc. common stockholders: Basic $0.19 $0.49 $0.12 $0.17 Diluted $0.18 $0.47 $0.10 $0.15 Weighted-average shares used to compute net income per share attributable to common stockholders: Basic 2,026,813 2,092,180 2,018,233 2,085,324 Diluted 2,079,265 2,150,019 2,066,260 2,151,647 16 Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended June 30, Six Months Ended June 30,

• 17. Q2 2024 Earnings 2023 2024 Assets Cash and cash equivalents $4,680 $4,497 Short-term investments 727 1,795 Restricted cash and cash equivalents 805 776 Accounts receivable, net 3,404 3,783 Prepaid expenses and other current assets 1,681 1,632 Total current assets $11,297 $12,483 Restricted cash and cash equivalents 1,519 2,608 Restricted investments 4,779 5,061 Investments 6,101 6,203 Equity method investments 353 342 Property and equipment, net 2,073 2,034 Operating lease right-of-use assets 1,241 1,181 Intangible assets, net 1,425 1,265 Goodwill 8,151 8,083 Other assets 1,760 2,254 Total assets $38,699 $41,514 As of December 31, As of June 30, 17 Condensed Consolidated Balance Sheets (Unaudited) $ in Millions

• 18. Q2 2024 Earnings 2023 2024 Liabilities, redeemable non-controlling interests and equity Accounts payable $790 $752 Short-term insurance reserves 2,016 2,387 Operating lease liabilities, current 190 198 Accrued and other current liabilities 6,458 6,981 Total current liabilities $9,454 $10,318 Long-term insurance reserves 4,722 5,733 Long-term debt, net of current portion 9,459 9,454 Operating lease liabilities, non-current 1,550 1,492 Other long-term liabilities 832 734 Total liabilities $26,017 $27,731 Redeemable non-controlling interests 654 631 Equity Common stock - - Additional paid-in capital 42,264 43,062 Accumulated other comprehensive loss (421) (479) Accumulated deficit (30,594) (30,233) Total Uber Technologies, Inc. stockholders' equity $11,249 $12,350 Non-redeemable non-controlling interests 779 802 Total equity $12,028 $13,152 Total liabilities, redeemable non-controlling interests and equity $38,699 $41,514 18 Condensed Consolidated Balance Sheets (Unaudited) $ in Millions Continued: As of December 31, As of June 30,

• 19. Q2 2024 Earnings $1.0B $0.9B $1.9B $2.4B $6.2B $6.3B Unrestricted cash, cash equivalents, and short-term investments Note 1: Liquidity position excluding revolver. As of June 30, 2024, undrawn revolver provides an additional liquidity of $2.1B, net of letters of credit. Additionally, Uber’s long-term debt was roughly $9.5B. Note 2: All equity stake amounts are based on carrying values as of June 30, 2024, which may be different than potential market transaction values. Note 3: As of June 30, 2024, Uber owns approximately 536M shares of Grab, 326M shares of Aurora, and 144M ordinary shares of Didi (each ADS listed in the OTC market represents 0.25 ordinary shares). Note 4: Investment logos shown represent select investments that have exposure over $100 million as of June 30, 2024. Liquidity Position Equity Stakes (Carrying value) Uber’s Equity Investments 19 Summary of liquidity position and equity stakes Aurora Grab Didi Other

• 20. Q2 2024 Earnings 20 Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Millions 2023 2024 2023 2024 Cash flows from operating activities Net income including non-controlling interests $394 $1,008 $237 $345 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 208 181 415 375 Bad debt expense 24 9 44 35 Stock-based compensation 504 455 974 939 Deferred income taxes 6 (7) 16 (23) Loss (income) from equity method investments, net (4) 12 (40) 16 Unrealized (gain) loss on debt and equity securities, net (386) (333) (706) 388 Loss from sale of investment 74 - 74 - Impairments of goodwill, long-lived assets and other assets 11 - 78 - Unrealized foreign currency transactions 2 59 85 209 Other 6 (79) 10 (138) Change in assets and liabilities, net of impact of business acquisitions and disposals: Accounts receivable (13) (162) 155 (584) Prepaid expenses and other assets (114) (108) (233) (430) Operating lease right-of-use assets 42 47 94 93 Accounts payable (19) (70) (26) (24) Accrued insurance reserves 588 692 938 1,385 Accrued expenses and other liabilities (87) 141 (229) 731 Operating lease liabilities (46) (25) (90) (81) Net cash provided by operating activities $1,190 $1,820 $1,796 $3,236 Three Months Ended June 30, Condensed Consolidated Statements of Cash Flows (Unaudited) Six Months Ended June 30,

• 21. Q2 2024 Earnings 21 Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Millions Continued: 2023 2024 2023 2024 Cash flows from investing activities Purchases of property and equipment ($50) ($99) ($107) ($156) Purchases of non-marketable equity securities - (58) - (232) Purchases of marketable securities (1,361) (3,288) (2,207) (5,317) Proceeds from maturities and sales of marketable securities 1,127 1,821 1,627 3,851 Proceeds from sale of equity method investment 703 8 703 17 Other investing activities (11) (60) (7) (81) Net cash provided by (used in) investing activities $408 ($1,676) $9 ($1,918) Cash flows from financing activities Issuance of term loans and notes, net of issuance costs - - 1,121 - Principal repayment on term loan and notes (7) (7) (1,144) (13) Principal payments on finance leases (42) (35) (82) (77) Proceeds from the issuance of common stock under the Employee Stock Purchase Plan 85 103 85 103 Repurchases of common stock - (325) - (325) Other financing activities 6 73 (45) 21 Net cash provided by (used in) financing activities $42 ($191) ($65) ($291) Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents 27 (56) 43 (150) Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents $1,667 ($103) $1,783 $877 Cash and cash equivalents, and restricted cash and cash equivalents Beginning of period 6,793 7,984 6,677 7,004 End of period $8,460 $7,881 $8,460 $7,881 Three Months Ended June 30, Six Months Ended June 30,

• 22. Q2 2024 Earnings 22 Autonomous Vehicle Spotlight Segment Details Condensed Consolidated Financials Financial and Operational Highlights Non-GAAP Reconciliations

• 23. Q2 2024 Earnings Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Mobility $1,170 $1,287 $1,446 $1,479 $1,567 Delivery 329 413 476 528 588 Freight (14) (13) (14) (21) (12) Corporate G&A and Platform R&D (569) (595) (625) (604) (573) Adjusted EBITDA $916 $1,092 $1,283 $1,382 $1,570 Add (deduct): Legal, tax, and regulatory reserve changes and settlements 155 13 73 (527) (134) Goodwill and asset impairments / loss on sale of assets (16) (2) 1 3 - Restructuring and related charges (9) (4) (16) (7) (9) Gain (loss) on lease arrangements, net 2 1 (8) - - Acquisition, financing and divestitures related expenses (10) (9) (9) (5) (3) Depreciation and amortization (208) (205) (203) (190) (173) Stock-based compensation expense (504) (492) (469) (484) (455) Income from operations $326 $394 $652 $172 $796 Add (deduct): Other income (expense), net 273 (52) 1,331 (678) 420 Interest expense (144) (166) (155) (124) (139) Income (loss) from equity method investments 4 3 5 (4) (12) (Provision for) benefit from income taxes (65) 40 (133) (29) (57) Net (income) loss attributable to non-controlling interests, net of tax - 2 (271) 9 7 Net income (loss) attributable to Uber Technologies, Inc. $394 $221 $1,429 ($654) $1,015 $ in Millions Adjusted EBITDA Reconciliation (Unaudited) 23 Three Months Ended

• 24. Q2 2024 Earnings Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Revenue $9,230 $9,292 $9,936 $10,131 $10,700 GAAP Cost of Revenue, excluding D&A 5,515 5,626 6,057 6,168 6,488 Legal, tax, and regulatory reserve changes and settlements - 13 - - (76) Restructuring and related charges - - (9) - - Non-GAAP Cost of Revenue $5,515 $5,639 $6,048 $6,168 $6,412 Non-GAAP Operating Expenses GAAP Operations and support $664 $683 $702 $685 $682 Restructuring and related charges (1) (2) (3) (2) (7) Acquisition, financing and divestitures related expenses (3) (2) (1) - - Gain on lease arrangements, net 1 - - - - Stock-based compensation (45) (49) (52) (67) (54) Non-GAAP Operations and support $616 $630 $646 $616 $621 Three Months Ended 24 $ in Millions

• 25. Q2 2024 Earnings Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 GAAP Sales and marketing $1,218 $941 $935 $917 $1,115 Restructuring and related charges - (1) (1) (1) - Stock-based compensation (26) (24) (22) (21) (24) Non-GAAP Sales and marketing $1,192 $916 $912 $895 $1,091 GAAP Research and development $808 $797 $784 $790 $760 Restructuring and related charges (3) - (3) (3) - Stock-based compensation (317) (310) (298) (299) (277) Non-GAAP Research and development $488 $487 $483 $488 $483 GAAP General and administrative $491 $646 $603 $1,209 $686 Legal, tax, and regulatory reserve changes and settlements 155 - 73 (527) (58) Goodwill and asset impairments / loss on sale of assets (16) (2) 1 3 - Restructuring and related charges (5) (1) - (1) (2) Gain (loss) on lease arrangements, net 1 1 (8) - - Acquisition, financing, and divestitures related expenses (7) (7) (8) (5) (3) Stock-based compensation (116) (109) (97) (97) (100) Non-GAAP General and administrative $503 $528 $564 $582 $523 Three Months Ended Continued: 25 Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Note 1: Quarterly trends for Sales and Marketing are not directly comparable due to the classification of certain Delivery and Mobility incentives as contra revenue attributable to business model changes in some countries.

• 26. Q2 2024 Earnings Business Model Change Impact on Revenue $ in Millions Note 1: The first business model change began in Q1’20 in certain markets and expanded to additional markets over time. The changes resulted in us being the principal of providing delivery services where certain courier payments and incentives are classified as cost of revenue and end-user promotions are recorded in contra revenue. The second business model change began in Q1’22 which impacted our Mobility business in the UK. The model change resulted in us being the principal for providing transportation services where certain driver payments and incentives are classified as cost of revenue and end-user promotions are recorded in contra revenue. The third business model change began in Q2’23 in certain markets and expanded to additional markets. The changes resulted in end-users becoming our customers whereby incentive costs for customers are recorded in contra revenue instead of sales and marketing expense. Mobility Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Gross Bookings $16,728 $17,903 $19,285 $18,670 $20,554 Revenue $4,894 $5,071 $5,537 $5,633 $6,134 Reported Revenue Margin 29.3% 28.3% 28.7% 30.2% 29.8% Mobility business model change impact $1,360 $1,315 $1,454 $1,221 $1,313 Impact on Revenue Margin 8.1% 7.3% 7.5% 6.5% 6.4% Three Months Ended Delivery Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Gross Bookings $15,595 $16,094 $17,011 $17,699 $18,126 Revenue $3,057 $2,935 $3,119 $3,214 $3,293 Reported Revenue Margin 19.6% 18.2% 18.3% 18.2% 18.2% Delivery business model change impact $722 $502 $633 $550 $497 Impact on Revenue Margin 4.6% 3.1% 3.7% 3.1% 2.7% Three Months Ended 26 Business model changes since Q1’20 have triggered changes in classification of certain costs, including payments to drivers or couriers and promotions to platform users or earners. The Business Model Change Impact line item presented on this page represents the net benefit to revenue for each of the periods presented as a result of the changes. The net benefits are primarily driven by the classification of certain payments and incentives as cost of revenue, partially offset by the classification of certain sales and marketing costs as contra revenue. In aggregate, the changes have no real economic change to operating income or Adjusted EBITDA.

• 27. Q2 2024 Earnings Business Model Change Impact on Cost of Revenue Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 GAAP Cost of Revenue $5,515 $5,626 $6,057 $6,168 $6,488 Non-GAAP Cost of Revenue $5,515 $5,639 $6,048 $6,168 $6,412 Non-GAAP Cost of Revenue (% of Gross Bookings) 16.4% 16.0% 16.1% 16.4% 16.0% Delivery business model change impact $1,150 $1,185 $1,267 $1,290 $1,285 Mobility business model change impact $1,016 $1,109 $1,248 $1,163 $1,283 Total business model change impact $2,166 $2,294 $2,515 $2,453 $2,568 Impact on Cost of Revenue 6.4% 6.5% 6.7% 6.5% 6.4% Three Months Ended Note 1: See page 24 for Non-GAAP Cost of Revenue reconciliation. Note 2: Delivery business model changes in some countries, beginning in Q1’20, resulted in the classification of certain Delivery payments and incentives as Cost of Revenue. Note 3: Mobility business model change in the UK, beginning in Q1’22, resulted in the classification of certain Mobility payments and incentives as Cost of Revenue. Note 4: The impacts to Cost of Revenue due to business model changes shown here only reflect the portion that impacted Cost of Revenue for the Delivery and Mobility segments. Delivery and Mobility business model changes also resulted in impacts to other financial statement line items but are not shown here. $ in Millions 27

• 28. Q2 2024 Earnings Free Cash Flow Reconciliation $ in Millions Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Free Cash Flow reconciliation: Net cash provided by operating activities 1,190 966 823 1,416 1,820 Purchases of property and equipment (50) (61) (55) (57) (99) Free Cash Flow $1,140 $905 $768 $1,359 $1,721 Three Months Ended 28