Is Uber Profitable?

About Uber

Uber was founded in 2009 by Garrett Camp and Travis Kalanick when the duo realized how difficult it was to get a cab in California.

Uber also own these Subsidiaries 

- Uber Eats - UberWav - Uber Freight

Companies Acquired by Uber

- Careem - Jump Bikes - Transplace - Drizly - Postmates - Otto - DeCarta - Limo Anywhere

Major Contributors of Uber's Revenue

Canada & U.S. is responsible for the major portion of revenue for Uber, with contribution of $31.8 billion and $19.4 billion in 2022 from these countries.

Pandemic gave a major blow to Uber

During the pandemic, Uber’s ride demand went down by 70%, causing the company to bear a loss of $2.936 billion.

Uber's Annual Users

Uber’s annual users saw a dip during the Pandemic; however, now the company is seeing an increase in users again.

Is Uber Profitable?

Uber made a net revenue of $31.88 billion in 2022, showing an 82% increase year-on-year. However, it made a net loss of 9.1 billion U.S. dollars during this time.