Uber authorizes $7B share buyback; targets 90%+ FCF conversion, mid-high teens GB growth

Uber Technologies, Inc

Board authorized $7B in common stock repurchases, first-ever such program, starting with offsetting stock-based compensation.
3-year outlook: Gross Bookings mid-to-high teens CAGR, Adjusted EBITDA growth high 30s-40% CAGR, FCF >=90% of Adj. EBITDA annually.
CFO Prashanth Mahendra-Rajah stated buyback reflects confidence in strong financial momentum.
Investor update presentation held Feb 14 detailing strategy and capital allocation plan.
Company expects to sustainably reduce share count over time, beginning with actions to partially offset SBC.

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