Uber Applied sciences Inc.’s chief monetary officer stated the corporate expects to be cash-flow optimistic by the top of this yr, as he outlined new bookings and earnings targets for traders Thursday.
If Uber meets that aim, it might mark the primary time that the underlying enterprise of the ride-hailing and food-delivery firm generates more money than it spends. Buyers say an organization with a whole lot of money can higher survive shocks and sudden financial downturns, even when enterprise slows and income and earnings endure as they did throughout the peak of the coronavirus pandemic.
