Uber Surpasses Profit Expectations in 14th Year

Uber Reports First Annual Profit in 14 Years, Beating Analyst Estimates

Uber has reported its first annual profit in 14 years of operation, according to its Q4 2023 financial results. The ride-hailing giant surpassed analyst expectations for earnings per share (EPS) by 50 cents, with revenues increasing by 15.4% year-over-year (YoY) to reach $9.4 billion.