Record March Bookings Keep Uber on Track for Year-End Profitability

Announcing that gross bookings in March hit their highest monthly level in its 12-year history, Uber Technologies (NYSE: UBER) reported today that it remains on track to achieve quarterly adjusted EBITDA profitability in 2021.

Total company gross bookings achieved an all-time record last month, while its mobility bookings, which are its rideshare services, had their best month since March 2020. In fact, demand is growing so fast in the U.S. thanks to the availability of COVID-19 vaccines, it is outstripping the supply of available drivers.

Image source: Uber Technologies.

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Source Fool.com