---
title: Uber long road to profitability...
description: "In 2019, The Economist wondered aloud whether Uber would ever be profitable. The classic refrain from the company and its investors was that at a certain scale, it would be. It first had to get big enough and outlast enough of its competition. As it turns out, they were pretty much right.\nLast year, Uber had its first annual profit, and recent quarters have also been solidly in the black, with investors expecting another profitable quarter to be announced on August 6th. The company’s main rival still hasn't quite reached that scale. Lyft has narrowed its losses significantly, but is still in the red.\nSource; Chartr"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Uber long road to profitability...](https://blog.syzgroup.com/syz-the-moment/breaking-the-odds-of-president-biden-winning-the-2024-democratic-nomination-are-down-by-24-in-2-hours-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-1719-5db5a9ff)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 22, 2024, 9:47:31 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/breaking-the-odds-of-president-biden-winning-the-2024-democratic-nomination-are-down-by-24-in-2-hours-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-1719-5db5a9ff)

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