Uber Earnings: Wall Street Watching Bookings Growth, Robotaxi Debate
Uber's Q1 earnings on Wednesday offer a chance to regain momentum for Uber stock, which has slowed after a strong 2023. The post Uber Earnings: Wall Street…
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Uber's Q1 earnings on Wednesday offer a chance to regain momentum for Uber stock, which has slowed after a strong 2023. The post Uber Earnings: Wall Street…
Uber Technologies Inc. will buy back as much as $7 billion in shares to return capital to shareholders after reporting its first full year of operating profit and consistent positive free cash flow in 2023.
Drivers have earned more than Rs 50,000 crore through Uber, and 300 crore trips were taken on the ride-hailing platform over the last 10 years in India.
After losing $31.5 billion of operating income losses over the last nine years, Uber finally turned a profit during Q2.
CEO Dara Khosrowshahi said the company achieved its first quarter of operating profit and its first quarter of free cash flow over $1 billion.