Uber Sets Profit Record As Lyft And DoorDash Keep Losing Money
ToplineUber turned a profit last year for the first time in its five-year history as a public company, the ride-hailing giant revealed in its Wednesday morning earnings report, as Uber widens the distance between it and long-time rivals Lyft and DoorDash.Uber's stock has doubled over the last year. Getty Images Key FactsUber raked in $1.9 billion in profit last year, a remarkable recovery from 2022’s $9.1 billion loss, registering record revenues of $37.3 billion thanks to $19.8 billion in its core ride-hai ...