Uber Technologies, Inc. (UBER) Presents at Bernstein forty second Annual Strategic Decisions Conference Transcript

Nikhil Devnani
Bernstein Institutional Services LLC, Research Division

Okay. Good afternoon, everyone. Thank you for joining. My name is Nikhil Devnani. I’m Bernstein’s U.S. emerging Internet analyst. I cover a range of marketplace businesses for us here at Bernstein, including Uber. It’s my great pleasure today to have with me Balaji Krishnamurthy, Uber’s newly appointed CFO. Balaji, welcome to the SDC.

Balaji Krishnamurthy
Chief Financial Officer

Thank you.

Nikhil Devnani
Bernstein Institutional Services LLC, Research Division

Before we get started, I want to remind everyone to please refer to the Investor Relations website from Uber for any disclosures. And if you would like to submit questions for this session, you can do so via the QR codes available to you.

Now Uber needs no introduction. I’m sure everyone in this room is a consumer, but just to set the stage a little bit, the business is truly a global scaled platform now doing about $190 billion plus in gross bookings volume, supporting over 200 million monthly active customers. And there’s a lot that I want to get into regarding the core business very soon. But I do feel it’s most topical to start with the news that hit over the weekend regarding Uber’s reported interest in Delivery Hero.

Now I know Balaji, there’s only so much you can really talk about at this point on this issue. But we’ve looked at this deal from our point of view as well. Strategically, it’s interesting. It’s also a relatively large deal. So I would just love your perspective and some commentary on why this might be the right use of