Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

Uber reports profit after business model change

11 August 2022
 

Ride-hailing company Uber has reported its first ever positive quarterly cashflow. A change in the business model for its UK business had contributed to a “$983m [£814m] revenue benefit”, the firm told its investors.

This refers to the firm having to reclassify its UK drivers as workers rather than contractors after a High Court ruling last year (LTT 15.12.21). Uber drivers are now entitled to a minimum wage, paid time off and pensions.

The High Court ruling means that Uber is...

+83% more

 

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