It’s official –– Uber has turned in a profitable quarter for the first time since becoming a publicly traded company in 2019.
The company’s Q3 earnings release revealed an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) profit of $8 million, a narrow margin but enough to get Uber over the hump and into the realm of profitability.
Uber (NYSE: UBER) also beat the consensus analyst estimates for revenue during a quarter when the company’s gross bookings reached an...
https://www.freightwaves.com/news/uber-posts-first-ever-adjusted-profit-as-drivers-return