We’re finally seeing the light at the end of the tunnel: Uber
2 hours ago
Uber reported mixed Q1 2021 earnings with its revenue missing expectations but losses reducing significantly. More importantly, the ride-hailing and food-delivery giant offered signs of things returning to pre-pandemic normal, at least in its primary market, the US. The company further reaffirmed its expectation to reach adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) profitability in the second half of the year.
“As vaccination rates rise, infections fall and restrictions lift, people quickly breathe a sigh of relief and start moving again. There’s pent-up demand to see family and friends. Offices, restaurants and bars are reopening and even airports are seeing improved traffic,” Uber CEO Dara Khosrowshahi said during the earnings call with investors on Wednesday.