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After facing financial turbulence, Uber celebrates its first full-year profit since 2019, reporting an operating profit of $1.1 billion for 2023—a remarkable turnaround from a $1.8 billion loss the previous year.
With this impressive performance, Uber’s market valuation soars to $150 billion, fueled by robust demand for its ride-hailing, delivery services, and a burgeoning advertising venture.
CEO Dara Khosrowshahi hails this achievement as a testament to Uber’s resilience and its capacity for sustainable, profitable growth.
Source: Fintech Association of Kenya
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