Uber boosts Q1 profit guidance as the world gets moving again

U.S. ride-hailing and food delivery giant Uber raised its guidance for adjusted profitability in the first quarter, a rosier-than-anticipated outlook triggered by a spike in demand. In a fresh 8-k filing this morning, Uber said it now expects adjusted EBITDA — a heavily-modified profit metric that strips out a host of costs, including share-based compensation … Continue reading Uber boosts Q1 profit guidance as the world gets moving again