Ride-hailing and food delivery giant Uber Technologies, Inc. (UBER) has been recovering from the pandemic, but it has yet to be profitable. I’m neutral on Uber stock. (See Insiders’ Hot Stocks on TipRanks) Recent Results Last week, Uber company reported that gross bookings reached an all-time high of $23.1 billion, up 57% year-over-year. Still, it lost $2.4 billion, with $2.0 billion thanks to Uber's equity investments revaluation. The only bright spot in the report was an adjusted EBITDA of $8 million, with Mobility margins at 5.5% of gross bookings and Delivery getting closer to breakeven.
https://www.tipranks.com/news/article/uber-strives-to-reach-profitability?utm_source=advfn.com&utm_medium=referral
Uber Technologies (NYSE:UBER)
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Uber Technologies (NYSE:UBER)
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