Uber CEO Khosrowshahi vows to deliver a profit

Squawk Pod


Today Andrews interview with Uber Ceo. Dr COSMO shocking. Investors have been watching Uber closely for signs of profitability when Uber went public on the New York Stock Exchange in May of Twenty nineteen. Andrew asked Dara about it and Dara. Well here's what he said so for us. The Path to profitability isn't theoretical there are cohort of countries that are profitable. We do reinvest profits aggressively recipe. New Business Lines like eats that have great promise but we're pretty comfortable when we look at the portfolio of businesses. That we have that we have a very strong Pathak off a a few months later in an interview with CNBC November Dr Projected profitability by twenty. Twenty one we are actually targeting twenty twenty one for adjusted even profitability full year and this week around eight months after the company's First Trading Day Uber reported its fourth quarter financial results. And and as you'll hear there was also some good news for investors about that profitability goal. Here's Andrew Uber reported quarterly results. Last night the ridesharing giant announcing announcing on its call with investors. It is moving up. Its target for profitability by a year. Join US right now. For an exclusive interview is Uber CEO. Derek Ezra Shack Good morning to you. Good morning thank thank you for for coming in. Let's walk through if you could for investors so they understand how you think you get there and when I say get there. I'm talking about profitability. Well as we made through our way in two thousand nine hundred and we became more and more confident of the strength of business and the ability of our teams to execute.

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