untitled design

Uber has 1st operating profit after more than a decade of operation

A Uber released its first result on Thursday (4). operational positive in an adjusted base fromsfrom that the company was launched most from an decade, with its two segments most important, transportation from passengers and delivery from food coming out of the red.

Company executives allay investor concerns about shortages from drivers, telling industry analysts that spending on incentives to attract drivers from back to the company’s applications lagged behind.

A Uber he had profit adjusted before from interest, taxes, fromdepreciation and amortization, an measure that excludes one-time costs such as stock-based compensation, of US $ 8 million in the quarter ended 30 from I knowhavebro. This compared to an loss on the same basis of US $ 625 million a year ago.

The company predicted profit tight of US $ 25 to $75 million in the last quarter from 2021. Analysts expect an average of $114 million, according to data from Refinitiv.

Total revenue grew 72% to $4.8 billion, above analysts’ average estimate of US $ 4.4 billion from according to data from Refinitiv.

Reference: CNN Brasil

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular