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Home Tech Uber Says First Adjusted Profit Possible This Quarter

Uber Says First Adjusted Profit Possible This Quarter


Uber Technologies Inc. said it could reach a measure of profitability in the current quarter, months earlier than previously expected, in what would be the ride-hailing giant’s first adjusted earnings since its inception more than a decade ago.

Uber projects an adjusted profit before interest, taxes, depreciation and other costs between a loss of $25 million and a profit of $25 million in the quarter that ends Sept. 30, according to a securities filing Tuesday. Previously, it expected to post a loss of under $100 million by that measure in the current quarter.



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