Uber: A Breakeven Business?

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Dara Khosrowshahi: We essentially wire up every form of transportation. The more we wire up, the more demands- Are you guys in France now? He says Uber is a break even or slightly positive business that's increasingly getting more profitable and looking like a self-sustaining business. "Every year matching and pricing probably improves by 5% a year," he adds.

Uber CEO Dara Khosrowshahi dropped by the Acquired studio for an Eats delivery, so we broke out the cameras and asked him to hang out for a wide-ranging conversation. :) We talk about his 20 years working with Barry Diller, starting his career at Allen & Company, how the Uber CEO search process ACTUALLY went down… and oh yeah, the massive transformation that’s happened at Uber over the past few years. When Dara took over the company it was bleeding huge sums of cash, losing share to competitors and embroiled in one of the biggest corporate controversies in recent memory. Fast forward to today and it’s turned cashflow positive while also having tripled revenue to over $30B (on $120B in GMV) and solidified its rideshare dominance in the US. And in perhaps the biggest change, it’s done it all while staying out of the headlines. Tune in!

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