Uber Records First Operating Profit, Tests UK Tour Operator Market
Skift Take
Concerns that Uber's expansion of its in-app travel booking services would cannibalize its core offering appear to be easing, with the company reporting a boosted overall performance.
Uber has posted its first-ever operating profit, and the company continues to test its expansion into travel booking in the UK.
The quarter was the first since Uber's 2009 founding that it reported its underlying operations were profitable. Uber reported close to $30 billion in operating losses from 2016 through to the first quarter of this year, according to S&P Global Market Intelligence.
"For most of our history, profitable wasn't the first thing that came u
