Uber's technology initiatives, scale and pricing leverage should reduce these costs over time, driving gross profit margin expansion. Uber is rolling out a Driver ... result in a loss of market ...

Uber Technologies swung to a first ... hailing and food-delivery app owner swung to a profit of $1.78 billion, or 83 cents a share, from a loss of $654 million, or 32 cents a share, a year earlier.

Uber stock tumbled Wednesday after the ride-share and food delivery company reported a surprise first-quarter loss and a weak outlook moving forward — while shares of e-hail rival Lyft went into ...

Uber’s results far undershot ... action lawsuit brought by taxi drivers in Australia. However, the quarter still compared favourably with a $262mn operating loss reported for the first three ...

Ride-hailing app Uber has admitted to using workers’ “behavioural patterns” to determine their pay amid long-standing conflict with drivers ... profit of $1.1bn in 2023, compared with a $1 ...

Does not include tips earned by drivers. Revenue Incentives ... resulting in “flattish levels of Ebitda loss”, Oey said. Putting the Uber comparison aside, we can also get a sense of Grab’s road to ...

It's been a long road to real profits. It's taken 14 years and nearly $32 billion of cumulative losses, but ride-sharing and food delivery company Uber (UBER-2.10%) is finally a profitable company ...

The company generated a net income of $394 million in the second quarter, far surpassing the loss of $49.2 million ... incremental profit generation.” Uber projected gross bookings of $34 ...

In the April-June quarter, Uber posted a net profit of $394 million, or $0.18 per share, reversing a quarterly loss of $2.6 billion ... to corporate culture to driver relations.

Uber Technologies reported its first-ever operating profit, fueled by demand for rides ... After struggling with a driver shortage that caused fares and wait times to increase, Uber said the ...

compared with a loss of $2.6 billion in the year-ago period. The results included the company’s first-ever quarterly operating profit. Its results were also boosted by a gain in Uber’s equity ...

Uber’s rosy results contrasted with rival Lyft Inc., which delivered a disappointing outlook on May 3 and signaled the shortage of drivers that has plagued both ride-hailing companies for the ...