Uber Technologies to focus on 2023 profits as pandemic pain eases

(Reuters) -Uber Technologies Inc said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows.

Uber’s shares rose nearly 4% at midday after the rideshare giant reported a surprise fourth-quarter profit and Chief Executive Dara Khosrowshahi reassured investors that the impact of the pandemic was “well and truly behind” the company.

“Despite any macroeconomic uncertainty, I’m more confident than ever in our prospects,” he said.