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In a first for Uber since becoming a public company, an annual profit.
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FILE - The Uber logo appears above a trading post on the floor of the New York Stock Exchange, Aug. 16, 2019. Uber posted its first full-year profit since going public in 2019 and its stock hit an all-time high Wednesday, Feb. 7, 2024, as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expectations. - photo by AP Photo/Richard Drew, File
Uber posted its first full-year profit since going public in 2019 and its stock hit an all-time high Wednesday as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expectations. Like its final year as a private company, the last time Uber turned a profit, it got a huge tailwind from investments that helped fuel profits, $1 billion in 2023. The difference is that Uber has started making money from operations.