v3.20.1
Revenue
3 Months Ended
Mar. 31, 2020
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 three months ended March 31, 2019 and 2020 (in millions):
 
 
Three Months Ended March 31,
 
 
2019
 
2020
Rides revenue
 
$
2,376


$
2,450

Vehicle Solutions revenue (1)
 
10


1

Other revenue
 
32


19

Total Rides revenue
 
2,418

 
2,470

Eats revenue
 
536

 
819

Freight revenue
 
127

 
199

Other Bets revenue (1)
 
18

 
30

ATG and Other Technology Programs collaboration revenue (2)
 

 
25

Total revenue
 
$
3,099

 
$
3,543

(1) The Company accounts for Vehicle Solutions and New Mobility revenue as an operating lease as defined under ASC 842.
(2) Refer to Note 15 – Non-Controlling Interests for further information on collaboration revenue.
 
 
Three Months Ended March 31,
 
 
2019

2020
United States and Canada
 
$
1,895


$
2,142

Latin America ("LATAM")
 
450


497

Europe, Middle East and Africa ("EMEA")
 
487


552

Asia Pacific ("APAC") (1)
 
267


352

Total revenue
 
$
3,099


$
3,543

(1) Primarily includes Australia.
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 and, in certain markets, revenue from fees paid by End-Users for connection services obtained via the platform.
Other Revenue
Other revenue consists primarily of revenue from the Company’s Uber for Business (“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. Additionally, in certain markets where the Company is responsible for delivery services, delivery fees charged to end-users are also included in revenue, while payments to Delivery People in exchange for delivery services are recognized in cost of revenue.
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, which are responsible for innovating new services and use cases on the Company’s platform to drive long-term growth and cross-platform customer engagement, 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 as of December 31, 2019 and March 31, 2020.
Remaining Performance Obligations
As a result of a single contract entered into with a customer during 2018, the Company had $74 million of consideration allocated to an unfulfilled performance obligation as of March 31, 2020. Revenue recognized during the three months ended March 31, 2019 and 2020 related to the contract was not material.
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 March 31, 2020
 
$
52

 
$
22

 
$
74