Uber Turns Cash Flow Positive for the First Time in Bumper Quarter

Uber Turns Cash Flow Positive for the First Time in Bumper Quarter
An Uber office in Redondo Beach, Calif., on March 16, 2022. Mike Blake/Reuters
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Uber Technologies Inc. reported positive quarterly cash flow for the first time ever on Tuesday and forecast third-quarter operating profit above estimates, as more people rely on its services for transport and ordering in food.

The company’s stock surged 15 percent to $28.2 and helped push shares of Lyft Inc by 11 percent and DoorDash by 4 percent.