---
title: "Uber’s not out of the woods yet"
url: https://daily.dev/posts/uber-s-not-out-of-the-woods-yet-vj9bp2dzh
source_url: https://www.theverge.com/2024/5/8/24151901/uber-q1-2024-earnings-net-loss-profit-settlement-drivers
type: article
source: "The Verge"
published: 2024-05-08T16:51:42.498Z
updated: 2024-05-09T08:07:00.500Z
tags: ["uber", "legal"]
reading_time: 3
upvotes: 0
comments: 0
language: en
---

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# Uber’s not out of the woods yet

**[The Verge](https://daily.dev/sources/theverge)** · 3 min read · 0 upvotes · 0 comments

## Summary

Uber achieved its first year of earning more money than it spent in 2023, but recent financial reports show a surprise net loss for the first quarter of the year. Legal battles over driver classification and decreased demand in certain markets are impacting Uber's financial momentum.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://www.theverge.com/2024/5/8/24151901/uber-q1-2024-earnings-net-loss-profit-settlement-drivers>

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---

Tags: [#uber](https://daily.dev/tags/uber), [#legal](https://daily.dev/tags/legal)

[View this post on daily.dev](https://daily.dev/posts/uber-s-not-out-of-the-woods-yet-vj9bp2dzh)
