It's been a recurring topic of conversation whether Uber would ever reach this milestone. The S&P 500 requires members of the index to be profitable in the latest quarter and over the past year, which Uber achieved for the first time in Q3.
Uber reported net income of $221 million on $9.29 billion in revenue in the third quarter, and in the past four quarters altogether it generated over $1 billion in profit.
Uber reported net income of $221 million on $9.29 billion in revenue in the third quarter, and in the past four quarters altogether it generated over $1 billion in profit.