Uber Technologies, Inc
UBERQ1 2024(UBER Q4 FY2023)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$1.8B
AI Revenue (Q)
$372.1M
Total Revenue (Q)
$12.4B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2023 total revenue: $37,281M (Mobility $19,832M, Delivery $12,204M, Freight $5,245M). Q4 implied revenue: $37,281M - $27,345M (9-month) = $9,936M. The 10-K FY2023 MD&A mentions advertising revenue growth contributing to Delivery Adjusted EBITDA increase: 'Delivery Adjusted EBITDA profit increased primarily attributable to an increase in Delivery revenue including advertising.' Uber's advertising platform uses ML for targeting and bidding, representing a growing AI-adjacent revenue stream. With advertising scaling and continued ML optimization improvements, I nudge the estimate to 3.0%. $9,936M x 3.0% = ~$298M estimated AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Mobility $19,832M, Delivery $12,204M, Freight $5,245M; Total revenue $37,281M
10-K FY2023, Item 7 MD&A Revenue table
Delivery Adjusted EBITDA profit increased primarily attributable to an increase in Delivery revenue including advertising
10-K FY2023, Item 7 MD&A Delivery Segment discussion
AI Products Identified (Ring 1)
ML-powered matching/dispatchdynamic/surge pricing algorithmsAI-powered advertising platformfraud detection ML
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
ETA predictiondemand forecastingsafety scoringroute optimizationchatbot customer support
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix