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Uber turns its cash flow positive for the first time in Apr-Jun quarter
short by Ashley Paul / on Tuesday, 2 August, 2022
Uber has recorded positive quarterly cash flow for the first time ever in the April-June 2022 quarter, generating free cash flow of $382 million as trips exceeded pre-pandemic levels. The number of drivers and delivery agents on its platform also rose to an all-time high of almost five million. Uber's net loss in the quarter stood at $2.6 billion.
read more at Reuters