In a first for Uber since becoming a public company, an annual profit.

Uber posted its first full-year profit since going public in 2019 and its stock is hitting all-time highs as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expectations. Like its final year as a private company, the last time Uber turned a profit, it got a huge tailwind from investments that helped fuel profits. The difference is that Uber has started making money from operations. CEO Dara Khosrowshahi says that 2023 was an inflection point for Uber for the company.