How did Uber have a positive Net Income in 2022 year ended, when nearly all quarters were negative?
In the Q1 2022 Uber had a net operating loss of 5.9B, however that includes a 5.6b headwind for equity investments. In Q2 it had a net loss of 2.6B. In Q3 1.2B loss, and in Q4 there was a 0.5B positive net income. These seem to contradict the year ended value of over 600Million dollars of positive net income.
How is Ubers year end net positive, so far different to its quarterly measured negative values?
Do note that I mentioned net income rather than adjusted EBITDA as from my understanding, it is a measure made by Uber, and not recognised by accounting standards.
How is Ubers year end net positive, so far different to its quarterly measured negative values?
Do note that I mentioned net income rather than adjusted EBITDA as from my understanding, it is a measure made by Uber, and not recognised by accounting standards.
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sincere Hamster_2458 : All profits come from exploitative drivers. Drivers do not get the pay they deserve and have to work extra hours to increase the company's profits. This Black-Hearted Company Escapes Labor Law Is Soon Defeated