UBER up 9% after generating its second consecutive quarter of free cash flow


Uber delivered another strong quarter generating $8.3B revenue compared to its $8.1B estimate. It posted a net loss of $1.2B however most of that was unrealized losses and stock based compensation expenses. It's operating cash flow was $432M and free cash flow was $358M. After years and years of negative cash flow, Uber looks to be turning the corner with its second consecutive quarter of positive free cash flow.


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