Uber 8-K

PositiveEarnings

Adjusted EBITDA gives way to non-GAAP operating income in Q1 2026, bringing stock-based compensation into the profit measure.

Filed 2026-01-12 07:04 ET

Summary

Uber is changing its financial and segment performance measures beginning in Q1 2026. It will replace Adjusted EBITDA with non-GAAP operating income, non-GAAP net income and non-GAAP EPS; the new operating measure includes depreciation and amortization (excluding acquired intangibles) and stock-based compensation, which Adjusted EBITDA excluded. Uber also plans to replace Segment Adjusted EBITDA with Segment Operating Income. The historical information provided is not a restatement and does not change previously reported consolidated GAAP results.

Key Figures

Metric Q3 2025
Revenue $13.5B, +20% Y/Y
Operating income $1.11B, +5% Y/Y
Non-GAAP operating income $1.68B, +46% Y/Y
Net income attributable to Uber Technologies, Inc. $6.63B, +154% Y/Y
Non-GAAP net income $1.39B, +25% Y/Y
Diluted EPS $3.11, vs $1.20
Non-GAAP EPS $0.65, +27% Y/Y
  • Q3 2025 Segment Operating Income: Mobility $1.86B (vs $1.51B Y/Y); Delivery $811M (vs $544M); Freight loss $(40)M (vs $(39)M).
  • Non-GAAP net income and EPS exclude specified items below operating income, including certain other income or expense, tax effects and equity-method investment losses. The new measures are intended to bring Uber’s operating measure closer to GAAP.

Guidance

No guidance in this filing.

Investor Takeaways

  • Watch Uber’s Q1 2026 reporting transition: subsequent results will use the new company-wide and segment measures, so comparisons with earlier periods depend on the updated definitions.
  • Uber plans to present interest income separately in its FY2025 annual report; this is a presentation reclassification, not a change to previously reported consolidated results.

The summary is written by an AI model reading the filing.

Model 005 · prompt 8bef31e277 · 2026-10-14 17:03:17Z

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