UBER · 10-Q · 2026Q3 · Full report

UK Mobility Model Transition

Uber Technologies, Inc · 2026-11-04 · Importance 58 · Surprise 42

Effective January 2, 2026, Uber changed its Mobility business model in certain UK markets and is no longer responsible for providing the Mobility services there. The change shifted Driver payments from cost of revenue to a reduction of revenue, lowering reported revenue by $1.1 billion in the third quarter and $3.2 billion in the first nine months of 2026. Despite the reporting-model impact, Mobility Gross Bookings increased 18% in the quarter and 21% in the nine-month period, driven by higher Trip volumes.

Key facts

• Uber expects the UK business model change to reduce revenue; the impact was $1.1 billion in Q3 2026 and $3.2 billion in the first nine months of 2026. source
• Effective January 2, 2026, Uber changed its business model in certain UK markets and no longer records itself as responsible for Mobility services there; driver payments are recorded as a reduction of revenue rather than cost of revenue. source
• As of March 14, 2022, Uber modified its UK operating model so that Uber UK became a merchant of transportation and was required to remit VAT. source