Uber Shares Fall After Missing Revenue Expectations Despite 1st Operating Profit

  • Uber’s shares fell by 4% after Q2 revenue of $9.23 billion missed analysts’ projection of $9.33 billion.
  • Despite the miss, Uber enjoyed its first quarter of over $1 billion free cash flow and first GAAP operating profit.
  • CEO Dara Khosrowshahi announced that CFO Nelson Chai will leave the company in January 2024, leading to an active search for a successor.
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