Uber could report first-ever profit in Q3

Doing better: The Uber application is shown on a mobile phone in central Paris. The ride-hailing giant could post a profit slightly earlier than previously anticipated. ― Reuters

NEW YORK: Uber Technologies Inc, the ride-hailing giant that once posted a quarterly loss of US$5.2bil (RM21.77bil), may finally be about to turn a profit.

The company’s adjusted earnings before interest, taxes and other expenses may range from a US$25mil (RM104.66mil) loss to a US$25mil (RM104.66mil) profit in the third quarter, it said in a filing.