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Uber Technologies, Inc. (UBER) CEO Dara Khosrowshahi on Q2 2022 Results - Earnings Call Transcript

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Uber Technologies, Inc. (NYSE:UBER) Q2 2022 Earnings Conference Call August 2, 2022 8:00 AM ET

Company Participants

Balaji Krishnamurthy - Head, IR

Dara Khosrowshahi - CEO & Director

Nelson Chai - CFO

Conference Call Participants

Ross Sandler - Barclays Bank

Douglas Anmuth - JPMorgan Chase & Co.

Brian Nowak - Morgan Stanley

Mark Mahaney - Evercore ISI

Bradley Erickson - RBC Capital Markets

Eric Sheridan - Goldman Sachs Group

Deepak Mathivanan - Wolfe Research

Lloyd Walmsley - UBS

James Lee - Mizuho Securities

Justin Post - Bank of America Merrill Lynch


Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Uber Second Quarter 2022 Earnings Conference Call. [Operator Instructions].

It's now my pleasure to turn today's call over to Mr. Balaji Krishnamurthy, Head of Investor Relations. Please go ahead.

Balaji Krishnamurthy

Thank you, Brad. Thank you for joining us today, and welcome to Uber's second quarter 2020 earnings presentation. On the call today, we have Uber's CEO, Dara Khosrowshahi; and CFO, Nelson Chai.

During today's call, we will present both GAAP and non-GAAP financial measures. Additional disclosures regarding these non-GAAP measures, including reconciliation of GAAP to non-GAAP measures, are included in the press release, supplemental slides and our filings with the SEC, each of which is posted to investor.uber.com. As a reminder, these numbers are unaudited and may be subject to change.

Certain statements in this presentation and on this call are forward-looking statements. Such statements can be identified by terms such as believe, expect, intend and may. You should not place undue reliance on forward-looking statements. Actual results may differ materially from these forward-looking statements, and we do not undertake any obligation to update any forward-looking statements we make today, except as required by

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Comments (7)

How can you lose so much money and be FCF positive? Are they just not paying people/vendors? It is just from one time changes on the Balance Sheet?
@thewideopenroad there are a lot of non cash items in the income statement. Investment losses, D&A, stock based compemsations are the main ones.Plus capex is a lot lower than current depreciation.
@thewideopenroad When you learn this answer you will also learn what a fantastic and transformational company UBER is. It will be held in the same regard as the FANG/MAGA cohort...perhaps even better
@Mlack633 Investing in stocks is all about TAM dicovery and realization.
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