After submitting your request, you’ll receive an activation email at the requested email address. Together we can ensure that as our industry continues to grow, it will do so for the benefit of everyone in the communities we serve,” said Postmates Co-Founder and CEO Bastian Lehmann. Revenue of $2.2 billion, declining 29% year-over-year or 27% on a constant currency basis Mobility Adjusted EBITDA of $50 million Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2020. Learn more or start a delivery by downloading the app or visiting To opt in to receive investor email alerts, please enter your email address in the field below and select at least one alert option. J.P. Morgan Securities LLC served as financial advisor and Latham & Watkins LLP as legal counsel to Postmates. Further, cumulative payments to Drivers for Delivery deliveries historically have exceeded the cumulative delivery fees paid by consumers. This transaction brings together Uber’s global Rides and Eats platform with Postmates’ distinctive delivery business in the U.S. Postmates is highly complementary to Uber Eats, with differentiated geographic focus areas and customer demographics, and Postmates’ strong relationships with small- and medium-sized restaurants, particularly local favorites that draw customers to the Postmates brand. Our allocation methodology is periodically evaluated and may change.

GAAP Net loss attributable to Uber Technologies, Inc. In addition, it provides a useful measure for period-to-period comparisons of our business, as it removes the effect of certain non-cash expenses and certain variable charges.
No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. More than 15 billion trips later, we're building products to get people closer to where they want to be. Proceeds from sale and disposal of property and equipment NEW YORK, Aug 10 — Uber outlined proposals today for a new type of relationship with “gig” workers, including its own drivers, that would keep them as independent contractors but with some guaranteed benefits. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. The boards of directors of both companies have approved the transaction, and stockholders representing a majority of Postmates’ outstanding shares have committed to support the transaction. Q2 2019 includes a $287 million driver appreciation award in connection with our initial public offering (“IPO”). Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. We define Adjusted EBITDA margin as a percentage of ANR as Adjusted EBITDA divided by Adjusted Net Revenue. Customers can get free delivery on all merchants by joining Postmates Unlimited, the industry's first subscription service. Proceeds from the issuance of common stock under the Employee Stock Purchase Plan To opt in to receive investor email alerts, please enter your email address in the field below and select at least one alert option. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com. Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared 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. Air India Express crash: DGCA orders probe.


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