Uber to Adopt New Non-GAAP Financial Measures and Segment Reporting

summarizeSummary

Uber Technologies, Inc. announced it will replace its Adjusted EBITDA with new Non-GAAP Operating Income, Non-GAAP Net Income, and Non-GAAP EPS measures, and change its segment operating performance measure to Segment Operating Income, starting Q1 2026.

check_boxKey Events

• New Non-GAAP Metrics Introduced

  Beginning in Q1 2026, Uber will report Non-GAAP Operating Income, Non-GAAP Net Income, and Non-GAAP EPS, replacing its previous Adjusted EBITDA measure.

• Enhanced Transparency in Reporting

  The new non-GAAP measures will be closer to GAAP by including depreciation, amortization (excluding acquired intangibles), and stock-based compensation, which were previously excluded.

• Segment Reporting Change

  The company will change its segment operating performance measure from Segment Adjusted EBITDA to Segment Operating Income.

• Historical Data Provided for Comparability

  Uber included seven quarters of historical financial information re-presented under the new non-GAAP measures to facilitate analysis and comparability.

auto_awesomeAnalysis

This 8-K filing details a significant shift in Uber's financial reporting, moving towards non-GAAP measures that are more aligned with GAAP by including expenses such as stock-based compensation and most depreciation and amortization. This change enhances transparency and provides a more comprehensive view of the company's operational profitability. The provision of seven quarters of historical data under the new metrics is crucial for analysts and investors to update their models and ensure comparability for future financial reporting. While this is a procedural change, it is important for understanding how Uber's performance will be evaluated going forward.