Uber Technologiesreason 02 of 4it makes it for less than anyone else canderived 2026-09-11accession 0001543151-26-000032
We generate substantially all of our revenue from fees paid by Drivers and Merchants for use of our platform
We act as an agent in these transactions by connecting consumers to Drivers and Merchants to facilitate a Trip, meal, grocery or other delivery service
Revenue increased $1.5 billion or 12% in the three months ended June 30, 2026, primarily attributable to an increase in Gross Bookings of 24%
Cost of revenue, exclusive of depreciation and amortization, increased $204 million or 3% in the three months ended June 30, 2026
the finding
Revenue increased from $13.2 billion to $14.2 billion quarter-over-quarter, while year-over-year growth rates for both revenue (14% to 12%) and Gross Bookings (25% to 24%) declined slightly.
The report says this changed. It does not say whether that is good or bad, so neither do we.
before · MD&A · 2026-03-31 → 2026-06-30
“Revenue was $13.2 billion, up 14% year-over-year, primarily attributable to an increase in Gross Bookings of 25%.”
→ after
this sentence is in the evidence below · not printed twice
the evidence · every sentence checkedfive sentences · whole, uncut
the claims it rests on
“We generate substantially all of our revenue from fees paid by Drivers and Merchants for use of our platform”
“We act as an agent in these transactions by connecting consumers to Drivers and Merchants to facilitate a Trip, meal, grocery or other delivery service”
“Revenue increased $1.5 billion or 12% in the three months ended June 30, 2026, primarily attributable to an increase in Gross Bookings of 24%”
“Cost of revenue, exclusive of depreciation and amortization, increased $204 million or 3% in the three months ended June 30, 2026”
what it was checked against
revenue growth and Gross Bookings increase
“Revenue was $14.2 billion, up 12% year-over-year, primarily attributable to an increase in Gross Bookings of 24%.”