Uber Changes Accounting Policy on Excess Driver Incentives

Uber Technologies says driver incentives changed from presenting them within GAAP cost of revenue, exclusive of depreciation and amortization, to presenting them as a reduction of GAAP revenue in its consolidated statements of operations.

• Company will no longer present Adjusted Net Revenue, a non-GAAP financial measure that adjusted GAAP revenue primarily for excess Driver incentives
• Uber says new presentation policy preferable as it better reflects the financial performance of transactions with customers across all of its businesses and provides more clarity about changes in both GAAP revenue and GAAP cost of revenue, exclusive of depreciation and amortization

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