...A. Highlights: 2019 was major milestone year for Co. 1. a. Achieved $65b in gross bookings, up 35%. b. Crossed 100m mark for MAPCs, reaching 111m in 4Q. c. Increased number of consumers using Rides and Eats by 68%. d. Grew adjusted net revenue 28% to $13b, with growth accelerating from 18% in 1Q, 43% in 4Q. e. Improved totally quarterly adjusted EBITDA by over $200m YoverY or by 14 percentage points as percentage of adjusted net revenue. In 2020, expects to see adjusted EBITDA losses to continue to decline. i. f. These results are validation of strategy Co. set in 2019. i. Will continue to relentlessly execute plans for each business in 2020. B. Rides: Generated $742m in adjusted EBITDA, covering corporate overhead by $98m. 1. Exited 2019 at $3b run rate for adjusted EBITDA, with ANR growth continuing to accelerate in 4Q. a. 2. Grew gross bookings in high-priority markets; Argentina, Germany, Italy, Japan, South Korea and Spain by 4 times the rate of overall Rides GB growth. 3. Expanded...
