Uber reported financial results indicating steady growth and profitability, with an increase in riders and drivers on its platform. The company generated $9.3 billion in revenue in the most recent quarter, higher than the previous year, and achieved a net income of $221 million. This marks Uber’s second consecutive quarterly profit and showcases the strength of its own business operations. Despite the economic downturn, Uber has consistently performed well, with a record 6.5 million drivers in the past quarter. Improvements to the driver experience have contributed to increased interest in working for Uber.

Passengers took 2.4 billion trips on Uber in the quarter, a 25 percent increase from the previous year. Despite labor disputes and the classification of drivers as independent contractors, Uber’s business model has remained successful. Activists have challenged this model in states like Massachusetts, California, and New York. A challenge to a California law that limited benefits for drivers will be heard by the state’s Supreme Court, which could have significant implications for Uber’s business. Despite these challenges, Uber’s CEO, Dara Khosrowshahi, expressed confidence in the company’s ability to drive profitable growth.

With its core business thriving, Uber is expanding into new sectors and regions. The company is making progress in Spain, Japan, and Italy. Additionally, Uber One, its monthly subscription service, has expanded to 18 countries. Uber has also partnered with Waymo, Google’s self-driving car unit, to allow passengers in Phoenix to request rides from autonomous vehicles.