Uber posts first underlying profit since going public

Uber is also searching for ways to address fare hikes that have become commonplace over the last year

Uber's overall losses topped $2.4bn in the third quarter.

Uber Technologies has reported its first-ever adjusted profit as a public company, boosted by a recovery in ride-hailing and sustained demand in its delivery business.

Earnings before interest, tax, depreciation and amortisation was $8m (€7m) in the third quarter, Uber said. Analysts expected a loss of $15.4m.