Uber-2019年第二季度Uber财报（英文）-2019.8-12页_1mb

Uber Q2 2019 Financial Summary

Core Financial Performance

Uber reported its second quarter 2019 financial results, highlighting the following key metrics:

• Gross Bookings increased by 31% year-over-year to $15,756 million, with foreign currency effects reducing the reported growth by 6%.
• Monthly Active Platform Consumers (MAPCs) reached 99 million, up 30% from the previous year.
• Trips grew by 35% year-over-year to 1,677 million.
• Revenue increased by 14% year-over-year to $3,166 million.
• Adjusted Net Revenue (ANR) rose by 12% year-over-year to $2,873 million, excluding the Driver Appreciation Award.
• Adjusted EBITDA was $(656) million, an improvement from $(292) million in the prior year quarter.

Operational Highlights

• Loss from operations was $(5,485) million, compared to $(739) million in the prior year, indicating improved operational performance.
• Net loss attributable to Uber Technologies, Inc. was $(5,236) million, up from $(878) million in the prior year.
• Diluted net loss per common share was $(4.72), a 135% increase compared to $(2.01) in the prior year.

Strategic Initiatives and Market Expansion

• Uber Rewards saw strong adoption, with enrolled consumers twice as likely to be active on both Rides and Eats.
• Uber Pro was expanded to Mexico and Brazil, with over 50% of US drivers and a growing share in other regions enrolled.
• Uber Comfort was launched in 44 US and Canadian cities, offering a premium experience with higher-rated drivers and better vehicles.
• Uber Eats experienced 140% year-over-year growth in MAPCs, with 40% of new users not previously using Uber. It now has 320,000 restaurant partners.
• Uber Freight added new customers across enterprise, middle market, and small- to medium-sized businesses, with an 10X revenue growth from its automated tool.
• New Mobility (NeMo) launched JUMP in 11 new European cities and expanded Transit to London, Boston, and Denver.

Technological Advancements

• Advanced Technologies Group (ATG) unveiled a self-driving car with Volvo's XC90 SUV, ready for factory integration.
• Uber Elevate hosted a successful Summit in Washington, D.C., and announced Melbourne, Australia as its first international pilot city for Uber Air.

Financial Position and Cash Flow

• Cash and cash equivalents increased to $13.7 billion at the end of Q2 2019, up from $5.7 billion in Q1 2019.
• Unrestricted cash and cash equivalents rose to $11.7 billion from the initial public offering (IPO) and PayPal investment.
• Net cash used in operating activities was $(1,644) million.
• Net cash provided by financing activities was $7,029 million, driven by the IPO and private placements.
• Net increase in cash and cash equivalents was $5,447 million.

Non-GAAP Measures

• Adjusted Net Revenue (ANR) is defined as revenue minus excess driver incentives and driver referrals.
• Adjusted EBITDA excludes various non-operational and non-recurring items, including discontinued operations, taxes, interest expense, and stock-based compensation.
• YoY % Growth at constant currency & ex-Driver appreciation award was 26%, showing growth adjusted for foreign currency and the Driver Appreciation Award.

Stock-Based Compensation

• Stock-based compensation expenses increased significantly in Q2 2019 to $3,952 million, primarily due to RSU expense recognition from the IPO.

Segment Performance

• Ridesharing revenue grew by 2% to $2,348 million, with Gross Bookings up 20% to $12,188 million.
• Uber Eats revenue increased by 72% to $595 million, with Gross Bookings rising 91% to $3,386 million.
• Vehicle Solutions revenue declined by 91% to $3 million, while Other revenue increased by 4% to $25 million.
• Total Core Platform revenue grew by 10% to $2,971 million, and Other Bets revenue increased by 175% to $195 million.

Key Metrics and Definitions

• MAPCs (Monthly Active Platform Consumers) reached 99 million in Q2 2019.
• Core Platform Contribution Margin was 8.2% of ANR, down from 14.7% in Q2 2018.
• Non-GAAP measures are used to provide a clearer view of operational performance by excluding certain items like Driver Appreciation Awards and stock-based compensation.

Forward-Looking Statements

• The company expressed confidence in healthy growth and continued aggressive investment in expansion and innovation.
• It emphasized the importance of consumer and driver engagement and marketplace liquidity.
• The report included forward-looking statements with associated risks and uncertainties, including competition, regulatory changes, and financial performance.

Conclusion

Uber demonstrated growth across multiple segments and markets in Q2 2019, with increased Gross Bookings, revenue, and user engagement. While the company continued to operate at a loss, it showed progress in improving Adjusted EBITDA and expanding its platform offerings. Financial and operational strategies, including the IPO and investment in technology, played a key role in these developments.