Strong Growth in Key Metrics
Audience grew 14% to 170 million monthly active consumers, trips up 18%, retention rates at all-time highs globally, and gross bookings grew in line with trips. Record adjusted EBITDA of $1.9 billion, up 35% year-on-year, and free cash flow of $2.3 billion.
Waymo Partnership Success
Launch with Waymo in Austin with high utilization of nearly 100 cars. Waymos are busier than 99% of Austin drivers in terms of trips per day, with plans to increase vehicle count.
Delivery Business Profitability
Delivery margins at 3.7% EBITDA, up 70 basis points year-over-year, driven by advertising and operational leverage. Grocery and retail hit breakeven in Q4 of last year and now accretive.
International Expansion
Signed partnership with Open Table, Delta SkyMiles partnership, and announced acquisition of Trendyol Go for growth in Turkey.