Uber Technologies Inc. said it could reach a measure of profitability in the current quarter, months earlier than previously expected, in what would be the ride-hailing giant’s first adjusted earnings since its inception more than a decade ago.
Uber said that excluding interest, taxes, depreciation and other costs, it is projecting adjusted results between a loss of $25 million and a profit of $25 million for the quarter that ends Sept. 30, according to a securities filing Tuesday. Previously, it expected to post a loss of under $100 million by that measure in the current quarter.