Uber reported a profit of $1.1 billion

Uber, the ride sharing giant has reported a profit of $1.1 billion in Q2’21 mainly due to one-time gains. The core ride sharing business also showing signs of recovery after it was impacted by the pandemic.

Revenue in Q2’21 was $3.9 billion which was double the revenue in same period last year. $1.4 billion and $272 million investment revaluation in Didi and Aurora respectively helped Uber to gain profitability in this quarter.