Landmark moment as Uber unveils first annual profit as limited company

Uber has reported its first ever annual operating profit as a limited company, in a landmark moment for a business that spent billions of dollars of investors’ money in an aggressive and often controversial expansion around the world.The US taxi app company said it made $1.1bn (£870m) in 2023, compared with a loss of $1.8bn the year before.The milestone has prompted investors to speculate over whether Uber will buy back shares or even pay out a dividend to investors. Prashanth Mahendra-Rajah, Uber’s chief f ...