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NYSE | UBER
Uber's ride to the public markets has been anything but easy. Founded in 2009, the San Francisco-based company boasts a presence in more than 700 cities worldwide and is prepping for a massive IPO. It also has one of the most controversial startup stories in recent history.
disruption, scandal and VC billions
01
Total revenue
NET LOSS
Costs and expenses
Adjusted ebitda
Total Revenue
NET LOSS
COSTS AND EXPENSES
Adjusted ebitda
Key financial metrics
View PitchBook Profile
Uber's 2018 total revenue $11.3B up 42% YoY
02
Principal shareholders
CLICK THE LOGOS BELOW TO FIND OUT EACH SHAREHOLDER'S PRE-IPO STAKE
Benchmark
11%
04
$45
Price per share
$13.7B
Total VC raised to date
$8.1B
Amount to be raised from IPO
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01
US and Canada
< 1% PMMS
> 65% RMS
Latin America
< 1% PMMS
> 65% RMS
Europe
< 1% PMMS
> 65% RMS
Middle East and Africa
< 1% PMMS
> 50% RMS*
*Pre-Careem acquisition
Russia and CIS
~38% of Yandex Taxi
China
~15% of Didi
India
< 1% PMMS
> 50% RMS
Southeast Asia
~ 23% of Grab
Australia and New Zealand
< 1% PMMS
> 65% RMS
LEAD UNDERWRITERS
05
Valuation Timeline
Uber's
11-year ride
“
Board of directors
03
Click "next" to scroll through the members of Uber's board of directors.
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John Thain
CIT Group | Independent director
Next
Ronald Sugar
Northrop Grumman | Independent director
Next
Yasir Al-Rumayyan
The Public Investment Fund | Independent director
Next
Wan Ling Martello
Nestle | Independent director
Next
Arianna Huffington
Thrive Global | Independent director
Next
Matt Cohler
Benchmark | Independent director
Next
Ursula Burns
VEON | Independent director
Next
Garrett Camp
Co-founder | Independent director
Next
Travis Kalanick
Co-founder and former CEO
Next
Ryan Graves
SVP, Operations
Next
Dara Khosrowshahi
Next
David Trujillo
TPG Capital | Independent director
CEO
2018 net loss was $1.8B a 15% improvement YoY
2018 costs were $14.3B up 19.1% YoY
2018 adjusted EBITDA was -$1.8B a 30.1% improvement YoY
SoftBank
16.3%
Alphabet
5.2%
The Public
Investment Fund
5.3%
Expa
6%
October 2010
2010
2011
2012
2013
2014
2015
2016
2018
Round Amount - $1.6M
Valuation - $5.4M
February 2011
Round Amount - $11M
Valuation - $60M
February 2012
Round Amount - $49M
Valuation - $357M
August 2013
Round Amount - $258M
Valuation - $3.7B
June 2014
Round Amount - $1.2B
Valuation - $18.2B
February 2015
Round Amount - $1.6B
Valuation - $42.8B
May 2016
Round Amount - $5.6B
Valuation - $66.6B
December 2014
Round Amount - $1.2B
Valuation - $41.2B
July 2015
Round Amount - $1B
Valuation - $51B
January 2018
Round Amount - $1.2B
Valuation - $70B
UBER
Home
01
Key financial metrics
02
Revenue and losses
03
Board of directors
04
Principal shareholders
05
Lead underwriters
06
Valuation timeline
07
Offerings
Uber Eats
How it works
New Mobility
Inside jump
Uber freight
SHIP IT
Personal Mobility
What Uber OFFERS
Personal Mobility
What Uber Offers
NEw Mobility
Inside Jump
UBER FREIGHT
SHIP IT
Uber EATS
HOW IT WORKS
Personal Mobility
What Uber Offers
Uber Eats
HOW IT WORKS
UBER FREIGHT
SHIP IT
NEW MOBILITY
INSIDE JUMP
Personal Mobility
What Uber Offers
UBER EATS
HOW IT WORKS
NEW MOBILITY
INSIDE JUMP
UBER FREIGHT
SHIP IT
Personal Mobility
- Ridehailing
- Uber for Business - Offers multiple tools designed for companies to review and analyze Uber expense data. Includes Uber Central, a tool that helps businesses request, manage, and pay for rides for their employees, customers or partners.
- Uber Health - Launched in March 2018, the dashboard allows healthcare professionals to arrange rides for patients.
DIG INTO THE S-1
UBER EATS
NEW Mobility
Includes dockless e-scooters and Jump e-bikes, launched in 2018.
Uber's S-1 highlights that new mobility has lower price points than existing offerings and hence it will lower the average gross bookings per trip on the platform.
Key competitors include Motivate (an affiliate of Lyft), Lime, Bird and Skip.
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UBER FREIGHT
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180M
Shares for sale
$75.5B
Initial market cap
October 2010
The company raised a $1.58 million seed round led by First Round Capital. Founder Collective, Alfred Lin, Scott Banister, Cyan Banister, Brian Chesky and others also participated in the funding.
February 2011
The company raised an $11 million Series A from Benchmark Capital, First Round Capital, Lead Edge Capital, Structure Capital, Innovation Endeavors, Founder Collective, Lowercase Capital, Kees Koolen and Alfred Lin.
February 2012
The company raised a $48.8 million Series B led by Menlo Ventures. Goldman Sachs, Bezos Expeditions, Lowercase Capital, Signatures Capital, Benchmark Capital, Jeff Bezos, CrunchFund, Troy Carter, Nihal Mehta, Olive Tree Capital, The Yucaipa Companies, Zachary Bogue, Bobby Brannigan, Eric Paley, Jay Z, Shervin Pishevar, Bobby Yazdani, Dror Berman and other undisclosed individual investors also participated in the round.
August 2013
The company raised a $258 million Series C led by GV. Benchmark Capital, Sherpa Capital, Kevin Hartz, Fabrice Grinda and TPG Growth also participated in the round.
June 2014
The company raised a $1.19 billion Series D led by Fidelity Investments, Wellington Management and BlackRock. Summit Partners, Kleiner Perkins, Google Ventures, Menlo Ventures, NEA, Capital Factory and Industry Ventures also participated in the round. As of March 31, 2016, the company was valued at $48.77 per share by Fidelity Investments, representing a 214.44% markup from its Series D.
December 2014
The company raised a $1.2 billion Series E from T. Rowe Price, Man Capital, NEA and Valiant Capital Partners. Lone Pine Capital, Swordfish Investments, Qatar Investment Authority, Fidelity Investments, Cota Capital, Altimeter Capital, ICONIQ Capital and other undisclosed investors also participated in the round. As of March 31, 2016, the company was valued at $45.85 per share (after a 4x split), representing a 37.6% markup from the Series E investment.
February 2015
The company raised an additional $1.6 billion Series E from Times Internet, Baidu, Square Peg Capital, ACE & Company, General Atlantic, Goldman Sachs, Hadi Partovi, Lauder Partners and other undisclosed investors.
July 2015
The company raised a $1 billion Series F from Tata Capital, Baidu and Hillhouse Capital Management. Other participating investors included USM Holding, Grupo Arcano, Eastlink Capital, Microsoft and 408 Ventures.
January 2018
The company raised a $1.25 billion Series G1 led by SoftBank Group. Smith Family Circle, Wynsun Capital Management, StraightPath Venture Partners, Magic Stone Alternative Investment, Archer Venture Capital, Syren Capital Advisors, Xplorer Capital, Troy Capital Partners, Vulcan Capital, G Squared and Jeffrey Wernick also participated.
- Number of shares excludes common stock offered by the selling shareholders
Achieved unicorn
status in August 2013
08
Company history
2010
Launched in the United States
2011
Expanded into Europe
2012
Expanded into Australia & New Zealand
Launched UberX
2013
Expanded into Latin America, India, China, Southeast Asia, Russia/CIS, Middle East & Africa
2014
Expanded into Europe
2015
Launched pay with cash option in India
Launched ATG Pilot in Pittsburgh
Acquired deCarta (March)*
2016 | 1 billion trips
Launched instant pay
Launched UberEats App
Didi Transaction
2017 | 3 million drivers
#DeleteUber hashtag campaign
Blog post alleging rampant sexual harassment went viral
Launched Uber Freight
Waymo sued Uber alleging theft of trade secrets
Travis Kalanick resigned as CEO
2018 | 10 billion trips
Lawsuit with Waymo settled
Launched Express Pool, Uber Cash, Uber Pro, & Uber Rewards
Yandex & Grab transactions completed
2019
Announced agreement to acquire Careem
Expanded Uber Freight into Europe
Announced ATG investment and collaboration
In 2018, SoftBank became Uber's single largest shareholder. The Japanese conglomerate's Vision Fund led a group of investors that bought $8 billion worth of secondary shares from early investors and employees; SoftBank invested another $1.2 billion-plus directly into Uber. The firm plans to sell about 5.5 million shares in the offering.
The early-stage VC first invested in Uber in 2011 as part of an $11 million round. In 2017, Benchmark filed a fraud lawsuit against then-CEO Travis Kalanick over the expansion of Uber's board from eight to 11 seats. The suit was dropped last year as part of the investment deal between Uber and a group of investors led by SoftBank. The firm plans to sell about 5.7 million shares in the offering.
GV, the venture capital arm of Alphabet, first invested in Uber when it led a $258 million Series C in 2013. The firm holds 66.1 million shares of Alphabet's total stake of 71.1 million; Alphabet has no plans to sell any of its stake in the offering.
Uber picked up a $3.5 billion investment in 2016 from The Public Investment Fund, the sovereign wealth fund of the Kingdom of Saudi Arabia. The fund holds 72.8 million shares in Uber with no plans to sell its stake in the public offering.
Expa Labs is a startup studio formed by Uber co-founder Garrett Camp in May 2013, roughly three years after he joined Uber's board of directors. The firm plans to sell around 3.1 million shares of its stake in Uber as part of the public offering.
May 2016
The company raised a $5.6 billion Series G from multiple investors. The first $2 billion was provided by Tiger Global Management, T. Rowe Price, Caspian VC Partners, L1 Technology, Morgan Stanley and Bank of America. An additional $3.5 billion was invested by Saudi Arabia's Public Investment Fund in June 2016.
Uber Eats generates revenue by charging the restaurant as well as the driver. The service fee paid by restaurants is a percentage of the meal price, and the service fee paid by drivers is the difference between the delivery fee paid by the consumer and the amount earned by the driver.
- Based on gross bookings, which totaled $2.6 billion for the quarter ended December 31, 2018, Uber Eats has grown to be the largest meal delivery platform in the world outside of China.
- Over 15 million platform consumers received a meal using Uber Eats in the quarter ended December 31, 2018, tapping into a network of more than 220,000 restaurants in over 500 cities globally.
- Key competitors include GrubHub, DoorDash, Deliveroo, Swiggy, Postmates, Zomato, Delivery Hero, Just Eat, Takeaway.com and Amazon.
- Uber's S-1 recognizes that Uber Eats' take rate has declined in recent periods and may continue to decline, as it onboards large-volume restaurants at a lower service fee and restaurants with lower average basket sizes.
Uber Freight generates revenue by charging shippers a pre-determined brokerage fee for each shipment.
- Launched in May 2017 in the US, Uber Freight has contracted with over 36,000 carriers and has more than 400,000 drivers. It announced an expansion to Europe in March 2019.
- Clients include Land O’Lakes, Anheuser-Busch InBev and Colgate-Palmolive.
- Key competitors include Total Quality Logistics, XPO Logistics, Convoy, Echo Global Logistics, Transfix, DHL and NEXT Trucking.
August 2016
Round Amount - $1B
Valuation - $68B
Corporate Round - August 2016
The company received a $1 billion corporate investment from Didi Chuxing and Brand Capital. This funding was part of Didi Chuxing's acquisition of Uber China.
September 2018
Round Amount - $500M
Valuation - $72B
Corporate Round - September 2018
The company received $500 million from Toyota Motor to add self-driving technology to Toyota's Sienna minivans and then deploy those vehicles on Uber's network. Pohlad Companies also participated in the round.
Acquired ShadowMaps (July)*
Acquired Otto (August)*
Acquired Geometric Intelligence (December)*
Deal size: $3.1 billion (consisting of up to approximately $1.7 billion of unsecured convertible notes and approximately $1.4 billion in cash)
The deal will see the ridehailing giant acquire the company’s mobility, delivery, and payments businesses across the Middle East, North Africa, and Pakistan.
Key
PMMS: Personal Mobility Market Share
RMS: Ridehailing Market Share
The co-founder and former CEO of Uber still holds nearly 118 million shares in the company, even after selling more than $1 billion worth of his stake to SoftBank early last year. Kalanick plans to sell about 3.7 million shares in the offering.
*data via The PitchBook Platform
Appointed as CEO in September 2017. The S-1 notes that Khosrowshahi holds roughly 196,000 shares in the company and has no plans to sell any of his stake in the offering. He also serves on the board of Expedia Group.
Graves has served on the board since 2010. He holds around 33 million shares in the company and plans to sell about 1.3 million shares in the offering. Graves is also the founder and CEO of Saltwater Capital, an investment firm
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More than 12 high-level employees depart within four months
Acquired Swipe Labs (July)*
Uber Eats in over 200 cities
More than 10 employees in leadership positions leave in six months
Acquired Jump/launched new mobility (April)*