While losses mount, Uber CEO expects profitability in 2021

CEO Dara Khosrowshahi said Monday that the company's goal is to reach profitability — when adjusted for interest, taxes, depreciation and amortization — for the full year of 2021......»»

CEO Dara Khosrowshahi said Monday that the company's goal is to reach profitability — when adjusted for interest, taxes, depreciation and amortization — for the full year of 2021......»»

Uber Technologies Inc (NYSE: UBER) has been throu.....»»

Investors get a look under Uber's hood......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Boeing Co (NYSE:BA) continues to struggle under losses, although it expects this year to mark a significant turning point as plane orders have increased. The.....»»

Uber and Lyft have racked up tens of billions of dollars in losses, but cost-cutting and shifting focus from moving people to delivering food has helped them weather the pandemic downturn. Each could finally make a profit .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Taiwan-based Spirox, which distributes packaging and testing equipment, expects to return to profitability in 2020 with shipments likely to ramp up quarter by quarter in 2021......»»

Johns Hopkins University was in a strong financial position before the pandemic. Now, it is projecting a revenue loss of $100 million in the current fiscal year. Halfway through the current fiscal year, the school was projecting a positive margin o.....»»

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The ride-hailing service has consistently lost money, raising questions about its ability to turn a profit. Last year, Lyft Chief Executive Logan Green said it would be profitable by late 2021, if it excluded some costs......»»

Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than $1 billion this year......»»

Uber Technologies Inc. took a significant detour on the road to profitability three months ago with a jaw-dropping $5.24 billion quarterly loss, deepening its losses to more than $6 billion this fiscal year......»»

Uber Technologies Inc's shares fell 12% on Monday, more than doubling their losses since the ride-hailing giant's poorly received market debut, and its chief executive officer said he expected the stock to remain under pressure in the coming months......»»

Is the ride-share app the new Amazon? Some of its boosters say so – mostly to explain its lack of profitability, which resembles Jeff Bezos’s firm in its early years. The comparison is too kind to Uber, as Rob Cyran explains......»»

Uber Technologies Inc said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a profitable business even as it gears up to go public in 2019......»»

Uber Technologies Inc said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a profitable business even as it gears up to go public in 2019......»»

Uber said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a profitable business even as it gears up to go public in 2019......»»