| Schedule of Segment Reporting Information, by Segment |
The following table provides information about our segments and a reconciliation to income (loss) before income taxes and income (loss) from equity method investments (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2023 | | Mobility | | Delivery | | Freight | | Total | | Revenue | $ | 19,832 | | | $ | 12,204 | | | $ | 5,245 | | | $ | 37,281 | | Platform Participant direct transaction costs (1) | (5,130) | | | (5,329) | | | (4,714) | | | (15,173) | | Other (2) | (9,739) | | | (5,369) | | | (595) | | | (15,703) | | | Segment Adjusted EBITDA | $ | 4,963 | | | $ | 1,506 | | | $ | (64) | | | 6,405 | | | Reconciling items: | | | | | | | | Corporate G&A and Platform R&D (3) | | | | | | | (2,353) | | | Depreciation and amortization | | | | | | | (823) | | | Stock-based compensation expense | | | | | | | (1,935) | | Legal, non-income tax, and regulatory reserve changes and settlements (4) | | | | | | | (9) | | | Goodwill and asset impairments/loss on sale of assets | | | | | | | (84) | | | Acquisition, financing and divestitures related expenses | | | | | | | (36) | | | | | | | | | | | | | | | | | | | Loss on lease arrangement, net | | | | | | | (4) | | | Restructuring and related charges | | | | | | | (51) | | | | | | | | | | | | | | | | | | | Income from operations | | | | | | | 1,110 | | | Interest expense | | | | | | | (633) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Interest income | | | | | | | 484 | | | Other income (expense), net | | | | | | | 1,360 | | | Income before income taxes and income (loss) from equity method investments | | | | | | | $ | 2,321 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | Mobility | | Delivery | | Freight | | Total | | Revenue | $ | 25,087 | | | $ | 13,750 | | | $ | 5,141 | | | $ | 43,978 | | Platform Participant direct transaction costs (1) | (6,884) | | | (5,591) | | | (4,652) | | | (17,127) | | Other (2) | (11,706) | | | (5,688) | | | (563) | | | (17,957) | | | Segment Adjusted EBITDA | $ | 6,497 | | | $ | 2,471 | | | $ | (74) | | | 8,894 | | | Reconciling items: | | | | | | | | Corporate G&A and Platform R&D (3) | | | | | | | (2,410) | | | Depreciation and amortization | | | | | | | (711) | | | Stock-based compensation expense | | | | | | | (1,796) | | Legal, non-income tax, and regulatory reserve changes and settlements (4) | | | | | | | (1,123) | | | Goodwill and asset impairments/loss on sale of assets | | | | | | | (3) | | | Acquisition, financing and divestitures related expenses | | | | | | | (25) | | | | | | | | | | | | | | | | | | | Loss on lease arrangement, net | | | | | | | (2) | | | Restructuring and related charges | | | | | | | (25) | | | | | | | | | | | | | | | | | | | Income from operations | | | | | | | 2,799 | | | Interest expense | | | | | | | (523) | | | Interest income | | | | | | | 721 | | | Other income (expense), net | | | | | | | 1,128 | | | Income before income taxes and income (loss) from equity method investments | | | | | | | $ | 4,125 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2025 | | Mobility | | Delivery | | Freight | | Total | | Revenue | $ | 29,670 | | | $ | 17,248 | | | $ | 5,099 | | | $ | 52,017 | | Platform Participant direct transaction costs (1) | (8,683) | | | (7,097) | | | (4,583) | | | (20,363) | | Other (2) | (13,088) | | | (6,579) | | | (549) | | | (20,216) | | | Segment Adjusted EBITDA | $ | 7,899 | | | $ | 3,572 | | | $ | (33) | | | 11,438 | | | Reconciling items: | | | | | | | | Corporate G&A and Platform R&D (3) | | | | | | | (2,708) | | | Depreciation and amortization | | | | | | | (719) | | | Stock-based compensation expense | | | | | | | (1,826) | | Legal, non-income tax, and regulatory reserve changes and settlements (4) | | | | | | | (564) | | | Goodwill and asset impairments/loss on sale of assets | | | | | | | (2) | | | Acquisition, financing and divestitures related expenses | | | | | | | (43) | | | | | | | | | | | | | | | | | | | Loss on lease arrangement, net | | | | | | | (2) | | | Restructuring and related charges | | | | | | | (9) | | | | | | | | | | | | | | | | | | | Income from operations | | | | | | | 5,565 | | | Interest expense | | | | | | | (440) | | | Interest income | | | | | | | 743 | | | Other income (expense), net | | | | | | | (68) | | | Income before income taxes and income (loss) from equity method investments | | | | | | | $ | 5,800 | |
(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, non-income 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, non-income tax and regulatory matters and related expenses incurred in our ongoing operating performance.
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| Schedule of Revenue and Long-Lived Assets from Geographic Area |
The following tables set forth revenue and long-lived assets, net by geographic area as of and for the years ended December 31, 2023, 2024, and 2025 (in millions): | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2023 | | 2024 | | 2025 | | United States and Canada ("US&CAN") | | $ | 20,436 | | | $ | 23,618 | | | $ | 26,469 | | | Latin America ("LatAm") | | 2,512 | | | 2,795 | | | 3,327 | | | Europe, Middle East and Africa ("EMEA") | | 9,904 | | | 12,529 | | | 16,364 | | | Asia Pacific ("APAC") | | 4,429 | | | 5,036 | | | 5,857 | | | Total Revenue | | $ | 37,281 | | | $ | 43,978 | | | $ | 52,017 | |
| | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2023 | | 2024 | | 2025 | | United States | | $ | 18,620 | | | $ | 21,429 | | | $ | 23,771 | | United Kingdom | | 6,522 | | | 8,373 | | | 10,609 | | | All other countries | | 12,139 | | | 14,176 | | | 17,637 | | | Total Revenue | | $ | 37,281 | | | $ | 43,978 | | | $ | 52,017 | |
| | | | | | | | | | | | | | | | | As of December 31, | | | 2024 | | 2025 | | United States | | $ | 2,757 | | | $ | 2,572 | | | All other countries | | 353 | | | 439 | | | Total long-lived assets, net | | $ | 3,110 | | | $ | 3,011 | |
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