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.
