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{"id":11447,"date":"2022-08-02T15:11:52","date_gmt":"2022-08-02T15:11:52","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/02\/ubers-seeing-positive-cash-flow-for-the-first-time-ever\/"},"modified":"2022-08-02T15:11:53","modified_gmt":"2022-08-02T15:11:53","slug":"ubers-seeing-positive-cash-flow-for-the-first-time-ever","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/02\/ubers-seeing-positive-cash-flow-for-the-first-time-ever\/","title":{"rendered":"Uber\u2019s seeing positive cash flow for the first time ever"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/8\/2\/23287945\/uber-positive-cash-flow-q2-2022-earnings<\/a>
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Uber reported $382 million in free cash flow for the first time ever, an indication that the rideshare company\u2019s \u201chardcore\u201d effort<\/a> to rein in costs is starting to pay off, even in the midst of a cooling economy. <\/p>\n

Uber is still burning a lot of money but mostly in the realm of its investments in other startups. The company reported<\/a> a record revenue of $8.1 billion in the second quarter of 2022, a 105 percent spike compared to the same quarter last year. And it said it lost $2.6 billion, which was mostly attributable to its equity stake in Aurora, Grab, and Zomato. Additionally, it lost $470 million in stock-based compensation. <\/p>\n

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