Uber Technologies, Inc.

Hello and welcome to the Uber third quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. Following the speaker's remarks, there will be a question and answer session. And if you would like to ask a question during this time, please press star one on your telephone keypad. I would now like to turn the call over to Deepa Subramanian, Vice President, Investor Relations. You may begin.

Thank you, operator. Thank you for joining us today, and welcome to Uber's third quarter 2024 earnings presentation. On the call today, we have Uber's CEO, Dada Kosharsahi, and CFO, Prashant Mahendra Raja. During today's call, we will present both GAAP and non-GAAP financial measures. Additional disclosures regarding these non-GAAP measures, including a reconciliation of GAAP to non-GAAP measures, are included in the press release supplemental slides, and our filings with the SEC, each of which is posted to investor.uber.com. Certain statements in this presentation and on this call are forward-looking statements. You should not place undue reliance on forward-looking statements. Actual results may differ materially from these forward-looking statements, and we do not undertake any obligation to update any forward-looking statements we make today, except as required by law. For more information about factors that may cause actual results to differ materially from the forward-looking statements, please refer to the press release we issued today as well as the risk and uncertainty section described in our most recent form 10-K and in other filings made with the SEC. We published our quarterly earnings press release and prepared remarks supplemental slides to our investor relations website earlier today, and we ask you review those documents if you haven't already. We will open the call to questions following Beef's opening remarks from Dara and Prashant. With that, let me hand it over to Dara.

Thanks, Deepa. Uber delivered yet another strong quarter, a record quarter of profitable growth, with gross bookings up 20% year-on-year in constant currency. We also generated an all-time high gap operating profits of more than $1 billion. Its performance was powered by new records in audience and frequency as more people in more places are using Uber more often. Our underlying platform continues to strengthen. More than 7.8 million people now drive, deliver, or shop with Uber, earning more than $18 billion during the quarter. More than 25 million people are now Uber One members, up 70% year-on-year. Our advertising business grew nearly 80% year-on-year, and our autonomous strategy is working as our 14 AV partners are clearly understanding the significant value Uber can bring to their deployment plans. Thanks to the team for another great quarter. And before we go to Q&A, I'd like to hand it over to Prashant to briefly reiterate our capital allocation approach.