Uber Technologies Inc Q2 2022 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Lloyd Wharton Walmsley - UBS Investment Bank, Research Division - Analyst : A couple, if I can. First, in the prepared remarks, you talked about feeling good on the 2024 guidance. I guess in the interim, do you still feel good about Mobility bookings growth in '23 that's higher than '19? Or is the tenor kind of macro and the increased focus on profitability kind of take that off the table as something you want to commit to? And then secondly, can you help us understand some of the sources of the big upside to delivery incremental margins, like how much was that, it reduced investment in new verticals or the ad business scaling on the competitive environment? Any further color you can give us to help understand that and kind of how that trends looking ahead?

Question: Lloyd Wharton Walmsley - UBS Investment Bank, Research Division - Analyst : It seems to be working.

Question: Bradley D. Erickson - RBC Capital Markets, Research Division - Analyst : Just a follow-up on the mobility side. You mentioned the driver incentives continuing to come down, certainly it seems like the labor environment flipped and what is starting to be a tailwind for you. So I guess, first, do you see those incentives continuing to fall? And then secondarily, what effect, if any, do you see any of that having on pricing here going forward? Are there any other levers you're looking to pull on pricing given any recent tendencies riders are showing elasticity-wise?