Uber Technologies, Inc. (UBER): history, ownership, mission, how it works & makes money

Uber Technologies, Inc. (UBER): history, ownership, mission, how it works & makes money

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A Brief History of Uber Technologies, Inc. (UBER)

Company Overview

Uber Technologies, Inc. was founded in 2009 by Travis Kalanick and Garrett Camp. Headquartered in San Francisco, California.

Financial Performance

Financial Metric 2023 Value
Annual Revenue $37.9 billion
Net Income $1.86 billion
Market Capitalization $93.4 billion
Total Assets $40.2 billion

Global Operations

  • Operates in 72 countries
  • Available in over 10,000 cities worldwide
  • Serves approximately 131 million monthly active platform consumers

Business Segments

Segment 2023 Revenue
Mobility $21.4 billion
Delivery $13.9 billion
Freight $2.6 billion

Workforce Statistics

  • Total employees: 35,000
  • Drivers/delivery partners: 5.4 million

Stock Performance

Stock ticker: UBER

Stock Metric 2024 Value
Stock Price $74.32
52-Week High $80.25
52-Week Low $42.41


A Who Owns Uber Technologies, Inc. (UBER)

Major Institutional Shareholders

Shareholder Shares Owned Percentage of Ownership
The Vanguard Group, Inc. 139,623,116 8.5%
Blackrock Inc. 108,751,334 6.6%
Morgan Stanley 84,375,402 5.1%
Altimeter Capital Management LP 76,290,000 4.6%

Founder and Executive Ownership

  • Travis Kalanick (Co-Founder): 3.1% ownership
  • Dara Khosrowshahi (CEO): 0.6% ownership through stock options

Public Float

Total Public Float: 1,646,000,000 shares

Top Institutional Investors

Investor Total Investment Value Investment Type
Softbank Group $7.7 billion Preferred Stock
Benchmark Capital $3.2 billion Venture Capital

Ownership Distribution

  • Institutional Investors: 62.3%
  • Retail Investors: 27.6%
  • Insider Ownership: 10.1%


Uber Technologies, Inc. (UBER) Mission Statement

Core Mission Overview

Uber's mission statement: "We ignite opportunity by setting the world in motion."

Financial Performance Metrics

Metric 2023 Value
Total Revenue $31.9 billion
Net Income $1.86 billion
Gross Bookings $75.9 billion
Monthly Active Platform Consumers 131 million

Strategic Business Segments

  • Mobility Services
  • Delivery Services
  • Freight Logistics

Global Operational Reach

Region Number of Markets
North America 72 markets
Latin America 34 markets
Europe, Middle East, Africa 52 markets
Asia Pacific 46 markets

Key Performance Indicators

  • Trips Completed in 2023: 2.1 billion
  • Average Monthly Drivers: 5.2 million
  • Platform Restaurants: 825,000


How Uber Technologies, Inc. (UBER) Works

Business Model

Uber Technologies, Inc. operates a technology platform connecting riders and drivers through a mobile application. As of Q4 2023, Uber reported 130 million monthly active platform consumers globally.

Revenue Streams

Segment 2023 Revenue
Mobility $20.7 billion
Delivery $13.9 billion
Freight $2.9 billion

Geographic Presence

Uber operates in 72 countries and 10,500 cities worldwide.

Platform Components

  • Ride-sharing services
  • Food delivery (Uber Eats)
  • Freight logistics
  • Electric bike and scooter rentals

Financial Performance

Metric 2023 Value
Total Revenue $37.5 billion
Net Income $1.9 billion
Gross Bookings $75.3 billion

Driver Network

Uber has approximately 5.2 million active drivers globally as of 2023.

Technology Infrastructure

  • Machine learning algorithms for route optimization
  • Real-time pricing models
  • GPS tracking technology
  • Payment processing systems

Market Position

Uber's market capitalization was $120.3 billion as of December 31, 2023.



How Uber Technologies, Inc. (UBER) Makes Money

Ride-Hailing Revenue

Uber generates revenue through commissions from rides. In Q3 2023, Gross Bookings for Mobility segment were $21.5 billion, with a 13% year-over-year growth.

Revenue Stream Q3 2023 Amount
Mobility Gross Bookings $21.5 billion
Mobility Take Rate 21.7%

Delivery Services

Uber Eats and Delivery segment generated $21.7 billion in Gross Bookings in Q3 2023, representing 16% year-over-year growth.

Delivery Metrics Q3 2023 Value
Delivery Gross Bookings $21.7 billion
Delivery Take Rate 12.2%

Revenue Breakdown

  • Mobility Revenue: $4.7 billion
  • Delivery Revenue: $2.6 billion
  • Freight Revenue: $0.6 billion

Financial Performance

Uber reported total revenue of $8.3 billion in Q3 2023, with a net income of $595 million.

Financial Metric Q3 2023 Amount
Total Revenue $8.3 billion
Net Income $595 million

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