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Uber’s CEO Says Company Is Focused on Profitability This Year

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Uber CEO Khosrowshahi on Pricing, India and Outlook

Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi is confident the company’s dual mission in ride-hailing and delivery will set it apart from peers in the event of an economic downturn.

“The business is really hitting on all cylinders,” Khosrowshahi said in an interview on Bloomberg Television after the company reported results that beat analysts’ estimates. He pointed to Uber’s record gross bookings and revenue, which more than doubled to $8.1 billion in the second quarter. Uber’s shares surged 18% to $28.99 in New York.