Uber Swaps Business Unit Profit Metric Used in Financial Reports

Uber Technologies Inc. is offering investors a new way of measuring the profitability of its business units.

The rideshare giant plans to change its segment performance measure this year to an operating income metric that excludes certain items like restructuring charges, according to a Form 8-K filed Monday with the Securities and Exchange Commission. Uber will no longer use an adjusted version of earnings before interest, taxes, depreciation, and amortization, or EBITDA.

The ride-hailing and food-delivery company divides its business into three units: mobility, delivery, and freight. The third unit encompasses Uber’s transportation management and logistics services.

Uber’s change comes ...