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out how to start making some real money on autonomous vehicles, which is something that they are aiming to do. That is still a long way off, but it’s not a ridiculous pipe dream. Dylan Lewis: Part of the knock on Uber for so long was that even when they were generating a lot of revenue, there were big, big losses here, and it seemed like it was going to be a race to the bottom in terms of pricing if they were ever going to get the margin for some of these various businesses. Tim Beyers: Yeah, Dylan, and I think it’s worth noting there, we talk about the race to the bottom, and that’s a really good question that was a legitimate concern. What you don’t want in almost any kind of business, a race to the bottom, but particularly when you’re in a business that emphasizes things like convenience and speed, so there was a legitimate concern on our part, and a lot of investors who cover this stock, a legitimate concern about unit economics, so the question becomes, well, you’ve generated a business that is increasingly larger and that generates more and more gross bookings. Are you getting any leverage out of that? What the fourth quarter shows us is that they are, Dylan, so the answer to that is, it’s a qualified yes. I don’t want to oversell it. I don’t want folks to think that this is a slam dunk, because it’s not. There are still problems around the edges and areas of the business that are genuinely struggling, but the areas of the business that are winning, and I would say particularly the mobility business, it’s not just that they’re less bad, Dylan, they are legitimately good now, and it’s a very different business.

This podcast discusses Uber’s all-time highs and ride-hailing dominance. It also covers Chipotle’s great quarter and Roblox’s return to strong user metrics. The discussion also includes speculation on what the dating profiles for stocks might look like. The podcast features a host discussion expert advice on building a stock portfolio and investing in stocks. It notes that following the Motley Fool Stock Advisor’s advice has tripled the S&P 500 returns since 2002. The team provided a video recording of the podcast and the article was published on February 12, 2024. Uber reported its Q4 results with its first-ever full-year profit. Gross bookings were up 22% in Q4, and adjusted EBITDA was up to $1.3 billion. The company is decreasing stock-based compensation and increasing cash from operating activities. It generated a legitimate operating income for the full year, showing real gains in gross bookings. Its market cap is at $140 billion, and its main competitor, Lyft, has a market cap of $5 billion. The company’s future success depends on the growth of last mile logistics, the demand for delivery, and the eventual profitability of autonomous vehicles. Uber is showing signs of leveraging its growing business to create more efficient operations. Despite challenges, particularly in its freight business, Uber’s core mobility business has shown significant improvement. The company appears to be transitioning from a business that relies on adjusted numbers to one that generates real operating income. However, the valuation at its all-time high may be a cause for concern for some investors.



Read more: Giving Uber Its Due | Nasdaq