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Segment Information and Geographic Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information and Geographic Information
Note 11 – Segment Information and Geographic Information
We determine our operating segments based on how the chief operating decision maker (“CODM”) manages the business, allocates resources, makes operating decisions and evaluates operating performance.
Our three operating and reportable segments are as follows:
Segment
Description
MobilityMobility products connect consumers with Drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Mobility also includes activity related to our financial partnerships products and advertising.
Delivery
Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, Delivery provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. We refer to the grocery, alcohol, convenience and retail categories collectively as Grocery & Retail. Delivery also includes advertising.
Freight
Freight connects Carriers with Shippers on our platform, and gives Carriers upfront, transparent pricing and the ability to book a shipment. Freight also includes transportation management and other logistics services offerings.
For information about how our reportable segments derive revenue, as well as revenue grouped by offerings and geographical region, refer to Note 2 – Revenue.
Our segment operating performance measure is Segment Adjusted EBITDA. The CODM does not evaluate operating segments using asset information and, accordingly, we do not report asset information by segment. Segment Adjusted EBITDA is defined as revenue less the following expenses: cost of revenue, operations and support, sales and marketing, and general and administrative and research and development expenses associated with our segments. Segment Adjusted EBITDA also excludes non-cash items or items that management does not believe are reflective of our ongoing core operations (as shown in the table below).
The following table provides information about our segments and a reconciliation of total Segment Adjusted EBITDA to income from operations (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2023202420232024
Segment Adjusted EBITDA:
Mobility$1,170 $1,567 $2,230 $3,046 
Delivery329 588 617 1,116 
Freight(14)(12)(37)(33)
Total Segment Adjusted EBITDA1,485 2,143 2,810 4,129 
Reconciling items:
Corporate G&A and Platform R&D (1)
(569)(573)(1,133)(1,177)
Depreciation and amortization(208)(173)(415)(363)
Stock-based compensation expense(504)(455)(974)(939)
Legal, tax, and regulatory reserve changes and settlements (2)
155 (134)(95)(661)
Goodwill and asset impairments/loss on sale of assets(16)— (83)3 
Acquisition, financing and divestitures related expenses(10)(3)(18)(8)
Gain on lease arrangement, net
2 — 3 — 
Restructuring and related charges(9)(9)(31)(16)
Income from operations$326 $796 $64 $968 
(1) 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.
(2) 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.