Uber Reports First Profitable Year Since its IPO in 2019

Uber Reports First Profitable Year Since its IPO in 2019 Uber reported its first annual profit since its stock market debut in 2019. A net profit of $ billion in 2023, is a significant turnaround for the ride-hailing firm from a $1.8 billion loss in 2022. The company anticipates strong performance in the current quarter. Uber’s core ride-share business revenue saw a 34% boost, driven by improved user retention and successful initiatives such as memberships, corporate travel, and advertising. --- Uber | IPO | Corporate Travel | Firstpost | World News | Latest News | Global News | International News | Trending News #uber #ipo #corporatetravel #firstpost #worldnews #latestnews #globalnews #internationalnews #trendingnews Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live. @Firstpost Follow Firstpost on Instagram: Follow Firstpost on Facebook: Follow Firstpost on Twitter: Follow Firstpost on WhatsApp: