Uber Technologies Inc. said it would reach a measure of profitability a year sooner than it previously expected, as growth in ride hailing and food delivery boosted the company’s top line in the fourth quarter. Chief Executive Dara Khosrowshahi said he now sees the company profitable on an adjusted basis before interest, taxes, depreciation and amortization by the end of this year. Previously, he said the company hoped to reach that marker by the end of 2021.

Source: Wall Street Journal February 06, 2020 21:14 UTC