v3.25.3
Segment Information and Geographic Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following tables provides information about our segments and a reconciliation to income (loss) before income taxes and income (loss) from equity method investments (in millions):
Three Months Ended September 30, 2024
MobilityDeliveryFreightTotal
Revenue$6,409 $3,470 $1,309 $11,188 
Platform Participant direct transaction costs (1)
(1,770)(1,389)(1,185)(4,344)
Other (2)
(2,957)(1,453)(143)(4,553)
Segment Adjusted EBITDA$1,682 $628 $(19)2,291 
Reconciling items:
Corporate G&A and Platform R&D (3)
(601)
Depreciation and amortization(179)
Stock-based compensation expense(438)
Acquisition, financing and divestitures related expenses(8)
Restructuring and related charges(4)
Income from operations1,061 
Interest expense(143)
Other income (expense), net1,851 
Income before income taxes and loss from equity method investments$2,769 
Three Months Ended September 30, 2025
MobilityDeliveryFreightTotal
Revenue$7,682 $4,477 $1,308 $13,467 
Platform Participant direct transaction costs (1)
(2,359)(1,874)(1,181)(5,414)
Other (2)
(3,285)(1,682)(147)(5,114)
Segment Adjusted EBITDA$2,038 $921 $(20)2,939 
Reconciling items:
Corporate G&A and Platform R&D (3)
(683)
Depreciation and amortization(188)
Stock-based compensation expense(465)
Legal, tax, and regulatory reserve changes and settlements (4)
(479)
Goodwill and asset impairments/loss on sale of assets(2)
Acquisition, financing and divestitures related expenses(6)
Restructuring and related charges(3)
Income from operations1,113 
Interest expense(112)
Other income (expense), net1,619 
Income before income taxes and loss from equity method investments$2,620 


Nine Months Ended September 30, 2024
MobilityDeliveryFreightTotal
Revenue$18,176 $9,977 $3,866 $32,019 
Platform Participant direct transaction costs (1)
(4,889)(4,055)(3,490)(12,434)
Other (2)
(8,559)(4,178)(428)(13,165)
Segment Adjusted EBITDA$4,728 $1,744 $(52)6,420 
Reconciling items:
Corporate G&A and Platform R&D (3)
(1,778)
Depreciation and amortization(542)
Stock-based compensation expense(1,377)
Legal, tax, and regulatory reserve changes and settlements (4)
(661)
Goodwill and asset impairments/loss on sale of assets3 
Acquisition, financing and divestitures related expenses(16)
Restructuring and related charges(20)
Income from operations2,029 
Interest expense(406)
Other income (expense), net1,593 
Income before income taxes and loss from equity method investments$3,216 
Nine Months Ended September 30, 2025
MobilityDeliveryFreightTotal
Revenue$21,466 $12,356 $3,829 $37,651 
Platform Participant direct transaction costs (1)
(6,188)(5,029)(3,448)(14,665)
Other (2)
(9,582)(4,770)(414)(14,766)
Segment Adjusted EBITDA$5,696 $2,557 $(33)8,220 
Reconciling items:
Corporate G&A and Platform R&D (3)
(1,977)
Depreciation and amortization(534)
Stock-based compensation expense(1,375)
Legal, tax, and regulatory reserve changes and settlements (4)
(507)
Goodwill and asset impairments/loss on sale of assets(2)
Acquisition, financing and divestitures related expenses(28)
Loss on lease arrangement, net(2)
Restructuring and related charges(4)
Income from operations3,791 
Interest expense(325)
Other income (expense), net2,043 
Income before income taxes and loss from equity method investments$5,509 
(1) Platform Participant direct transaction costs primarily consist of (i) costs paid directly to Platform Earners on our platform recorded in cost of revenue, excluding depreciation and amortization; and (ii) incentives to end-users recorded in sales and marketing.
(2) Other primarily consists of non-Platform Participant costs, including: (i) trip insurance, payment card fees and bank fees, customer support and technology costs; and (ii) other operating costs, primarily related to employee headcount costs (excluding stock-based compensation), external contractor expenses and brand marketing as well as (iii) costs related to bringing new Platform Earners and new Platform end-users to the Platform recorded in costs and expenses.
(3) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.
(4) Legal, tax, and regulatory reserve changes and settlements are primarily related to certain significant legal proceedings or governmental investigations related to worker classification definitions, or tax agencies challenging our non-income tax positions. These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing, therefore are distinct from normal, recurring legal, tax and regulatory matters and related expenses incurred in our ongoing operating performance.
Schedule of Revenue Disaggregated by Geographic Areas
The following table presents our revenues disaggregated by geographical region. Revenue by geographical region is based on where the transaction occurred. This level of disaggregation takes into consideration how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2024202520242025
United States and Canada ("US&CAN")$6,006 $6,698 $17,304 $19,478 
Latin America ("LatAm")679 829 2,068 2,335 
Europe, Middle East and Africa ("EMEA")3,196 4,388 8,939 11,606 
Asia Pacific ("APAC")1,307 1,552 3,708 4,232 
Total revenue$11,188 $13,467 $32,019 $37,651