v3.26.1
Business Combinations
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combinations
Note 14 – Business Combinations
SpotHero
On April 16, 2026, we acquired 100% of the outstanding equity of SpotHero, Inc. (“SpotHero”), a leading digital parking aggregator. The total purchase price was $617 million in cash. The acquisition will bring parking reservation capabilities to the Uber application and enable more travel options and benefits for our consumer base.
The following table summarizes the preliminary fair value of assets acquired and liabilities assumed as of the date of acquisition (in millions):

Fair Value
Goodwill485 
Intangible assets165 
Tangible assets (liabilities), net(33)
Net assets acquired$617 
Total acquired intangible assets were $165 million consisting of customer relationships, developed technology and trade names, trademarks and domain name with a useful life between 3 and 10 years and a weighted average useful life of 8 years.
The excess of purchase consideration over the fair value of net tangible and identifiable assets acquired was recorded as goodwill, which is not deductible for tax purposes. Goodwill is primarily attributable to anticipated operational synergies and the assembled workforce of SpotHero. Goodwill was assigned to the Mobility segment. The purchase price allocation is preliminary and subject to revision as more detailed analyses are completed and additional information about the fair value of assets acquired and liabilities assumed become available.
The results of SpotHero were included in our condensed consolidated financial statements from the date of acquisition. For the period from April 16, 2026 to June 30, 2026, SpotHero contributed an immaterial amount of revenue and loss before taxes.