Uber Reaches Income Milestone as Rides Recover, Delivery Grows

Uber Reaches Income Milestone as Rides Recover, Delivery Grows



Uber Technologies Inc. achieved an important measure of profitability for the first time since its inception more than a decade ago, helped by a recovery in its rides business and the continued strength of its food-delivery unit.

The company reported a $8 million adjusted profit before interest, taxes, depreciation and amortization in the three months ended Sept. 30. Uber had previously projected results between a loss of $25 million and a profit of $25 million by this measure. Money-losing companies such as Uber and others have long used this measure of profit as a milestone to signal progress toward future profits.



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Rachel Meadows

Rachel Meadows

Trending topics news writer who enjoys cooking, walking her dog and travel.

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