Uber prints cash

Dara Khosrowshahi has transformed Uber from a money guzzler into a cash cow over the last four years. Take a look at the image below from Carbon Finance (another cool email subscription service) which illustrates Uber's free cash flow from 2020 to the latest quarter of 2024.

Khosrowshahi took the CEO position at Uber in 2017 from maverick founder Travis Kalanick. In hindsight the timing was perfect. The pioneering company needed a crazy genius in the beginning to withstand push back from taxi associations around the world and to bulldoze through a tough regulatory environment.

Once that very expensive goal was achieved in many areas, it was time for a more mature head to cut costs and focus on profits. Which is exactly what has happened.

We have 29 Uber shareholders in our client base, who have enjoyed the ride. Lovely to see.