This Q2, rideshare and transportation heavyweight Uber Technologies, Inc. achieved its first ever operating profit since the company was founded in 2009.
The successful quarter was bolstered by the platform’s number of rides in the United States and Canada between April and June finally surpassing prepandemic levels, as well as continued consumer demand for food delivery.
Uber previously recorded approximately $30 billion in operating losses between 2016 and the first quarter of 2023.
The operating profits boosted Uber to a net profit Q2, momentum the company anticipates to continue in Q3.
