Has Uber finally turned the corner?

Uber Notches Another Profitable Quarter

By Chart R

After years of losses, Uber seems to be achieving what many startups suddenly want after years of growth-at-all-costs: profitability.

The ride-hailing giant reported $394m of operating profit in its results yesterday, the company’s second profitable operating quarter in its history. Improving the driver experience — a group that now stands at 6.5 million strong — along with the resurgence of corporate and back-to-school travel helped set record-high ridership levels, with Uber recording an all-time high number of monthly trips in October.