By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Banks to remain open on Saturday
    August 13, 2025
    Moody’s upgrades Pakistan’s credit rating to Caa1
    August 13, 2025
    Moody’s improves Pakistan’s credit rating on better financial position
    August 13, 2025
    Remittances cross $3.21 billion in July, maintain monthly $3 billion mark
    August 8, 2025
    Pakistan lost Rs4.1 billion as a result of India’s airspace closure: Asif
    August 8, 2025
  • Politics
    PoliticsShow More
    Trump sees Putin ready for peace in Ukraine
    August 14, 2025
    Trump threatens ‘severe consequences’ if Putin blocks Ukraine peace
    August 14, 2025
    Trump orders space regulations eased in win for Musk
    August 14, 2025
    India wants US ties based on mutual respect, says its arms purchases are on course
    August 14, 2025
    Trump sees Putin ready for peace in Ukraine
    August 14, 2025
  • Technology
    TechnologyShow More
    Say hello to GPT-5: Free, smarter & more personal ChatGPT
    August 8, 2025
    PTA introduces single license policy for satellite internet services
    August 8, 2025
    Apple iPad Air M3 sees record price drop in major retail sale
    August 8, 2025
    Universal Pictures declares war on AI with sudden threat
    August 7, 2025
    Download OpenAI’s new powerful AI models — For free
    August 6, 2025
  • Sports
    SportsShow More
    Rohit Sharma overtakes Babar Azam in latest ICC ODI rankings
    August 14, 2025
    ICC T20I rankings: No Pakistani batter placed in top 10
    August 13, 2025
    Shai Hope joins legendary batters Lara and Gayle
    August 13, 2025
    ‘Absolute disgrace’: Modi govt criticised for KBC invite to women officers over Op Sindoor
    August 13, 2025
    Sweden’s Mondo sets pole vault world record for 13th time
    August 13, 2025
  • Matrimonial
  • Marketplace
  • Chat Room
  • EN
    • AR
    • EN
    • EO
    • FR
    • UR
Reading: Uber reports first-ever full-year profit as bookings soar.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Matrimonial
  • Marketplace
  • Chat Room
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > Uber reports first-ever full-year profit as bookings soar.
Business

Uber reports first-ever full-year profit as bookings soar.

Uber reported its first annual profit following a more than five percent increase in reservations over the final three months of 2023.

Last updated: 2024/02/09 at 8:30 AM
Published February 9, 2024
Share
2 Min Read
SHARE

The three months ended in December saw a 15% increase in revenue over 2022.

In comparison to the same period in 2022, the American company’s sales increased by 15% for the quarter that ended on December 30, 2022.

The CEO of Uber, Dara Khosrowshahi, declared that 2023 would be a year of “sustainable, profitable growth for Uber” as a result of the company capitalizing on a change in consumer spending from retail to services.

Since the outbreak, the ride-hailing app’s usage has increased, and Uber Eats, the company’s popular food delivery venture, has helped to support its profitability.

Since it began disclosing financial information to the public in 2014, Uber has incurred operational losses of $31.5 billion as of 2022.

After losing more than $700 million in the same period the previous year, it achieved its first pre-tax operational profit of $326 million in the second quarter of last year.

Mr. Khosrowshahi became the company’s CEO six years ago after one of the founders, Travis Kalanick, was forced out due to a string of scandals.

Uber was the focus of a global probe that The Guardian reported last year after over 100,000 files were compromised, disclosing the business’s efforts to influence lawmakers and restrict access to its databases in the case of law enforcement raids.

In a statement at the time, the business said that it would not “make excuses for past behavior that is clearly not in line with our present values.”



Following the Supreme Court’s endorsement of a historic employment tribunal decision that drivers should be considered workers and be entitled to minimum wage and paid holidays, drivers received compensation in 2021.

The company’s shares decreased by about 2% on Wednesday in pre-market trading.

You Might Also Like

Banks to remain open on Saturday

Moody’s upgrades Pakistan’s credit rating to Caa1

Moody’s improves Pakistan’s credit rating on better financial position

Remittances cross $3.21 billion in July, maintain monthly $3 billion mark

Pakistan lost Rs4.1 billion as a result of India’s airspace closure: Asif

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
BanerClub February 9, 2024 February 9, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article An erectile dysfunction medication and Viagra may reduce men’s risk of Alzheimer’s, according to a study.
Next Article Elite female teams authorize a £20 million Premier League loan.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Robert Plant reveals back up plan inspired by Elvis Presley
Entertainment August 14, 2025
Taylor Swift sparks frenzy with mysterious date choice for her new album release
Entertainment August 14, 2025
Hailey Bieber, Bella Hadid and Kylie Jenner step out for girl dinner
Entertainment August 14, 2025
Taylor Swift gets honest about first impression of Jason, Kylie Kelce
Entertainment August 14, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Quick Links

  • MY BOOKMARK
  • INTERESTSNew
  • CONTACT US
  • BLOG INDEX
Baner ClubBaner Club
Follow US
© 2022 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
Welcome Back!

Sign in to your account

Register Lost your password?