Uber records first-ever profit in company’s history

Uber posted its first-ever operating profit of $326 million in Q2 2023 and recorded a free cash flow of $1.14 billion, following robust demand, new growth initiatives, and continued cost discipline. The company also generated a gross profit of $394 million and net revenue of $9.23 billion in Q2, while its gross bookings have increased 16% to $33.6 billion.

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