(Reuters) – Uber Inc expects to record breakeven in a key measure of profitability in the current quarter, its chief financial officer said, sending the ride hailing firm’s shares up nearly 7% in premarket trading.
“With positive adjusted EBITDA in July and August, we believe Uber is now tracking towards adjusted EBITDA breakeven in Q3, well ahead of our prior guidance,” said CFO Nelson Chai. (https://bit.ly/3EA2nlD)
(This story corrects to remove extraneous word “financial” in first paragraph)
(Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)
