I will caution, it is very early, we have just launched and there is a ton of optimization ahead of us. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to the Uber Q3 2019 Earnings Conference Call. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.
To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted Net Revenue; Rides Adjusted Net Revenue; Eats Adjusted Net Revenue and Adjusted EBITDA as well as revenue and Adjusted Net Revenue growth in constant currency. And most importantly safe for all parties involved. First, on the Rides side.
The comparability of the results for the periods presented above was impacted by our 2018 Divested Operations.
Thanks.Hi, Justin, we are seeing early signs from a loyalty members in terms of higher engagement, higher use of our products, higher cross-platform utilization as well. Thank you.I think the first question — that the second question first.
As a company at scale, there will always be trade-offs that we have to make, but we’re prepared to make those trade-offs. We’ve achieved this with an improved framework on capital allocation, efficiency, capability and cost control.
And then Nelson, when you look at the expense reductions that you’ve been able to take during the third quarter, is there a way that you can quantify for us sort of where the run rate of efficiencies that you’ve been able to achieve or so, not what we saw in Q3, but if you were to look at sort of the full quarter, or maybe even sort of full year impact of those efficiencies or those cost reduction sort of where you — where you are now in the way that you’re — what you’ve been able to achieve there? Ladies and gentlemen, thank you for standing by, and welcome to the Uber Q3 2019 Earnings Conference Call.
Were there any divestitures in there, or were there some pull back in some of your incentives and maybe you feel better about the quality of your customers, can you talk about that. But we’ve seen the capital is getting more expensive and can run dry, whereas platform leadership is both far cheaper and more permanent, when coupled with excellent execution.
And so a lot of the initiatives we’re talking about right now, we’re really helping them through that process. Please go ahead.Thank you, operator. So, the teams are pretty focus. These are pretty big markets for us. And we’ll hopefully have more to talk to you down the road.
And as Nelson talked about the Rides rationalization has happened much faster I think than anyone expected and we have a ton under our own control as far as our own business model how we use technology and automation to drive per unit margins, how we make sure that we scale on an operating basis in terms of our overheads and our G&A and how we get more efficient.
We’ve been working pretty hard in terms of that framework and the teams are working hard on right now.And so, yes, our goal is to execute against those plans. Please go ahead with your question.Hey, thanks for taking the call. Our GAAP revenue was $3.8 billion, up 30%.
Dara, I think you called out, Germany, Japan and Argentina in your prepared remarks. I have two. During the nine months ended September 30, 2018, gain on debt and equity securities, net represents a $2.0 billion unrealized gain on our non-marketable equity securities related to Didi recognized in the first quarter of 2018.
[Indecipherable] Just one thing I wanted to clarify on the 2021 profitability was that ’20 profitability in 2021 meaning, meaning for the full year, or for a quarter, or at some point in 2021?
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