# Uber (UBER) Forecast Calculator

Interactive five-year financial forecast and DCF for Uber. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/uber/forecast
- Industry: Industrials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 13000000000 | -4909000000 | -8124000000 | -8506000000 |
| 2022 | 11139000000 | -3361000000 | -4288000000 | -6768000000 |
| 2023 | 17455000000 | -743000000 | -2932000000 | -496000000 |
| 2024 | 31877000000 | 390000000 | -885000000 | -9141000000 |
| 2025 | 37281000000 | 3362000000 | 1933000000 | 1887000000 |

## Frequently asked questions

### What is Uber's core business model?

Uber operates as an asset-light, transaction-based technology platform connecting consumers with independent providers of ride, food, and grocery delivery services, as well as freight carriers. It generates revenue primarily by taking a percentage, known as the "take rate," from the Gross Bookings processed through its application, supplemented by a high-margin advertising business.

### How does Uber generate its revenue across different segments?

Uber generates revenue through its Mobility, Delivery, and Freight segments by taking a percentage of the Gross Bookings made through its platform. The Mobility segment contributes approximately 50-55% of revenue, Delivery accounts for about 30-35%, and Freight makes up roughly 10-15%. Additionally, a rapidly growing advertising business supplements these transaction-based revenues.

### What is the assumed revenue growth rate for Uber in the financial model?

The financial model for Uber assumes a revenue growth rate of 20% (0.2). This assumption is a key input for forecasting the company's future financial performance from FY2026 through FY2030.

### What is Uber's capital expenditure strategy and its impact on the business?

Uber maintains a highly asset-light business model, with capital expenditure typically ranging from 1.0% to 1.5% of revenue. The majority of this capex, about 80%, is for maintenance activities like server replacements and office upkeep, while the remaining 20% supports growth initiatives such as data center infrastructure for AI and machine learning.

### What are the primary drivers of Uber's free cash flow generation in the financial model?

The financial model identifies take-rate expansion, advertising revenue growth, and the long-term transition to autonomous vehicles as the key drivers of Uber's free cash flow generation. These factors are crucial for forecasting the company's future financial health and equity valuation.

### Is an Excel financial model available for Uber, and what does it cover?

Yes, a comprehensive Excel financial model for Uber is available for download. This model serves as an equity valuation and scenario planning tool, enabling analysts to forecast the company's financials from FY2026 through FY2030.