Uber to introduce adjusted EPS guidance in 1Q26

In prepared remarks, the company said, “Finally, a note on our financial reporting and guidance. While we have historically measured and guided our profitability on an Adjusted EBITDA basis, we recognize that metric excludes certain meaningful expenses necessary to operate our business. As our business has scaled, we have taken a deliberate approach to improving the quality of our earnings and encourage investors to assess our investments and performance with these expenses included. We intend to make two changes to deliver a more rigorous and comprehensive view of the business: First, beginning in Q1 2026, we will shift from reporting Adjusted EBITDA to Adjusted Operating Income, both at the total company and segment level, which now will include the impacts of SBC, depreciation, and non-M&A amortization. Second, we will introduce Adjusted Earnings per Share, and starting with our Q1 2026 guidance, we will replace our quarterly Adjusted EBITDA guidance with Adjusted EPS guidance. Importantly, this new reporting and guidance format does not impact our 3-year outlook provided at our 2024 Investor Update. We are well-positioned to deliver on our long-term financial commitments while also making strategic investments to appropriately fund growth initiatives.”