Uber's Q4 profit misses estimates as costs surge Uber Technologies has today reported a lower-than-expected profit in the October-December period on rising costs, and forecast first-quarter bookings short of estimates due to a strong dollar. Business • 05 Feb
Uber's Q4 profit misses estimates as costs surge Uber Technologies has today reported a lower-than-expected profit in the October-December period on rising costs, and forecast first-quarter bookings short of estimates due to a strong dollar. Business • 05 Feb
Uber turns cash flow positive for the first time Uber Technologies has today reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its lift-hailing and food-delivery services. Business • 02 Aug 22
Uber turns cash flow positive for the first time Uber Technologies has today reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its lift-hailing and food-delivery services. Business • 02 Aug 22
Uber's first operating profit as driver shortage eases Uber Technologies has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important segments, lift-hailing and restaurant delivery, both turning the corner. Business • 05 Nov 21
Uber's first operating profit as driver shortage eases Uber Technologies has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important segments, lift-hailing and restaurant delivery, both turning the corner. Business • 05 Nov 21
Uber to cut 3,700 jobs, CEO to waive base salary Uber Technologies will cut about 3,700 full-time jobs and chief executive Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said today. Business • 06 May 20
Uber to cut 3,700 jobs, CEO to waive base salary Uber Technologies will cut about 3,700 full-time jobs and chief executive Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said today. Business • 06 May 20
Uber sees profit by end of 2020, ahead of target Uber Technologies has moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but it said it still expects to lose a total of more than $1 billion this year. Business • 07 Feb 20
Uber sees profit by end of 2020, ahead of target Uber Technologies has moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but it said it still expects to lose a total of more than $1 billion this year. Business • 07 Feb 20
Uber's quarterly loss widens as costs rise Uber Technologies last night posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures. Business • 05 Nov 19
Uber's quarterly loss widens as costs rise Uber Technologies last night posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures. Business • 05 Nov 19
Uber posts $1 billion loss in Q1 as revenues grow Lift-sharing giant Uber last night reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users. Business • 31 May 19
Uber posts $1 billion loss in Q1 as revenues grow Lift-sharing giant Uber last night reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users. Business • 31 May 19
Uber to price key IPO against grim market backdrop Uber Technologies will price its initial public offering today, the most high-profile US listing since Facebook seven years ago. Business • 09 May 19
Uber to price key IPO against grim market backdrop Uber Technologies will price its initial public offering today, the most high-profile US listing since Facebook seven years ago. Business • 09 May 19
Uber unveils IPO but warns it may never make a profit Uber Technologies has 91 million users, but growth is slowing and it may never make a profit, the lift-hailing company has said in its IPO filing. Business • 12 Apr 19
Uber unveils IPO but warns it may never make a profit Uber Technologies has 91 million users, but growth is slowing and it may never make a profit, the lift-hailing company has said in its IPO filing. Business • 12 Apr 19
Uber plans to sell $10 billion worth of stock in IPO Uber Technologies has decided it will seek to sell around $10 billion worth of stock in its initial public offering. Business • 10 Apr 19
Uber plans to sell $10 billion worth of stock in IPO Uber Technologies has decided it will seek to sell around $10 billion worth of stock in its initial public offering. Business • 10 Apr 19
Uber to buy Mideast rival Careem for $3.1 billion Global lift-hailing service Uber will acquire its Middle East rival Careem for $3.1 billion, the two companies said today. Business • 26 Mar 19
Uber to buy Mideast rival Careem for $3.1 billion Global lift-hailing service Uber will acquire its Middle East rival Careem for $3.1 billion, the two companies said today. Business • 26 Mar 19
Uber appoints Expedia CEO Khosrowshahi as new head Uber has chosen Dara Khosrowshahi, the Chief Executive of travel company Expedia, as its chief executive, according to two sources with knowledge of the matter. Business • 28 Aug 17
Uber appoints Expedia CEO Khosrowshahi as new head Uber has chosen Dara Khosrowshahi, the Chief Executive of travel company Expedia, as its chief executive, according to two sources with knowledge of the matter. Business • 28 Aug 17
