Uber Sets Sights on Delivering Profits | 9 February 2023 | Daily Morning Note

Let the Money Talk · Feb 9, 2023 · 6m

Uber Technologies Inc on Wednesday set its sights on delivering profits this year after rounding off 2022 with blow-out earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. Uber forecast adjusted EBITDA between $660 million and $700 million for the first quarter, well above the average analyst estimate of $593.06 million, according to Refinitiv data.

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