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The Guardian - UK
The Guardian - UK
Technology
Jasper Jolly and Graeme Wearden

Landmark moment as Uber unveils first annual profit as limited company

uber logo on a stock market board
The milestone $1.1bn profit has prompted investors to speculate whether Uber will buy back shares or even pay a dividend. Photograph: Richard Drew/AP

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.

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