v3.19.3.a.u2
Revenue
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue
Note 2 - Revenue
The following tables present the Company’s revenues disaggregated by offering and geographical region. Revenue by geographical region is based on where the trip or shipment was completed or meal delivered. This level of disaggregation takes into consideration how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Revenue is presented in the following tables for the years ended December 31, 2017, 2018 and 2019, respectively (in millions):
 
 
Year Ended December 31,
 
 
2017
 
2018
 
2019
Rides revenue
 
$
6,888

 
$
9,182

 
$
10,612

Vehicle Solutions revenue (1)
 
345

 
143

 
21

Other revenue
 
45

 
112

 
112

Total Rides revenue
 
7,278

 
9,437

 
10,745

Eats revenue
 
587

 
1,460

 
2,510

Freight revenue
 
67

 
356

 
731

Other Bets revenue (1)
 

 
17

 
119

ATG and Other Technology Programs collaboration revenue (2)
 

 

 
42

Total revenue
 
$
7,932

 
$
11,270

 
$
14,147

(1) The Company accounts for Vehicle Solutions and New Mobility revenue as an operating lease as defined under ASC 840 for 2018 and ASC 842 in 2019. Total revenue recognized under ASC 840 and ASC 842 for the years ended December 31, 2017, 2018 and 2019 was $345 million, $151 million, and $88 million, respectively.
(2) Refer to Note 17 - Non-Controlling Interests for further information on collaboration revenue.
 
 
Year Ended December 31,
 

2017
 
2018
 
2019
United States and Canada

$
4,367

 
$
6,521

 
$
8,805

Latin America ("LATAM")

1,645

 
2,002

 
1,947

Europe, Middle East and Africa ("EMEA")

1,157

 
1,721

 
2,148

Asia Pacific ("APAC") (1)

763

 
1,026

 
1,247

Total revenue

$
7,932

 
$
11,270

 
$
14,147

(1) Excluding China and, as of May 2018, also excludes Southeast Asia.
Revenue from Contracts with Customers
Rides Revenue
The Company derives revenue primarily from fees paid by Rides Drivers for the use of the Company’s platform(s) and related service to facilitate and complete ridesharing services.
Other Revenue
Other revenue consists primarily of revenue from the Company’s U4B, financial partnerships products and other immaterial revenue streams.
Eats Revenue
The Company derives revenue for Eats from Restaurants’ and Delivery People’s use of the Eats platform and related service to facilitate and complete Eats transactions.
Freight Revenue
Freight revenue consists primarily of revenue from freight transportation services provided to shippers.
Other Bets Revenue
Other Bets revenue consists primarily of revenue from New Mobility products, including dockless e-bikes, Platform Incubator group offerings and other immaterial revenue streams.
Contract Balances
The Company’s contract assets for performance obligations satisfied prior to payment or contract liabilities for consideration collected prior to satisfying the performance obligations are not material in 2019.
Remaining Performance Obligations
As a result of a single contract entered into with a customer during 2018, the Company had $87 million of consideration allocated to an unfulfilled performance obligation as of December 31, 2019. The Company recognized $52 million in 2019 related to the contract.
The Company’s remaining performance obligation is expected to be recognized as follows (in millions):
 
 
Less Than or
Equal To 12 Months
 
Greater Than
12 Months
 
Total
As of December 31, 2019
 
$
52

 
$
35

 
$
87