v3.19.3
Revenue
9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenue
Note 2 - Revenue
The following tables present the Company’s revenues disaggregated by offering and geographical region. Revenue by geographical region is based on where the trip or shipment was completed or meal delivered. This level of disaggregation takes into consideration how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Revenue is presented in the following tables for the three and nine months ended September 30, 2018 and 2019, respectively (in millions):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2019
 
2018
 
2019
Rides revenue
 
$
2,371


$
2,866

 
$
6,842

 
$
7,590

Vehicle Solutions revenue (1)
 
31


3

 
119

 
16

Other revenue
 
23


26

 
76

 
83

Total Rides revenue
 
2,425

 
2,895

 
7,037

 
7,689

Eats revenue
 
394

 
645

 
1,023

 
1,776

Freight revenue
 
122

 
218

 
231

 
512

Other Bets revenue
 
3

 
38

 
5

 
84

ATG and Other Technology Programs collaboration revenue (2)
 

 
17

 

 
17

Total revenue
 
$
2,944

 
$
3,813

 
$
8,296

 
$
10,078

(1) The Company accounts for Vehicle Solutions revenue as an operating lease as defined under ASC 840 for 2018 and ASC 842 in 2019.
(2) Refer to Note 17 - Non-Controlling Interests for further information on collaboration revenue.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018

2019
 
2018
 
2019
United States and Canada
 
$
1,734


$
2,407

 
$
4,724

 
$
6,269

Latin America ("LATAM")
 
515


527

 
1,580

 
1,394

Europe, Middle East and Africa ("EMEA")
 
431


534

 
1,233

 
1,527

Asia Pacific ("APAC") (1)
 
264


345

 
759

 
888

Total revenue
 
$
2,944


$
3,813

 
$
8,296

 
$
10,078

(1) Excluding China and, as of May 2018, also excludes Southeast Asia.
Revenue from Contracts with Customers
Rides Revenue
The Company derives revenue primarily from fees paid by Drivers for the use of the Company’s platform(s) and related service to facilitate and complete ridesharing services.
Vehicle Solutions Revenue
Vehicle Solutions revenue consists primarily of revenue from leased vehicles to third parties who could potentially use them to provide ridesharing or Eats services.
Other Revenue
Other revenue consists primarily of revenue from the Company’s Uber for Business (“U4B”), financial partnerships products and other immaterial revenue streams.
Eats Revenue
The Company derives revenue for Eats from Restaurant Partners’ and Delivery Partners’ use of the Eats platform and related service to facilitate and complete Eats transactions.
Freight Revenue
Freight revenue consists primarily of revenue from freight transportation services provided to shippers.
Other Bets Revenue
Other Bets revenue consists primarily of revenue from New Mobility products, including dockless e-bikes, incubator offerings and other immaterial revenue streams.
Contract Balances
The Company’s contract assets for performance obligations satisfied prior to payment or contract liabilities for consideration collected prior to satisfying the performance obligations are not material for the three months ended September 30, 2019.
Remaining Performance Obligations
As a result of a single contract entered into with a customer during 2018, the Company had $100 million of consideration allocated to an unfulfilled performance obligation as of September 30, 2019. Revenue recognized during three and nine months ended September 30, 2019 related to the contract was not material.
The Company’s remaining performance obligation is expected to be recognized as follows (in millions):
 
 
Less Than or
Equal To 12 Months
 
Greater Than
12 Months
 
Total
As of September 30, 2019
 
$
52

 
$
48

 
$
100