told CNBC the company plans to put a majority of its revenue growth this year into the bottom line.
"For every dollar of revenue growth, especially from Q4 to Q4, we expect to drop 50 cents to 55 cents to the bottom line," Khosrowshahi said on "We think that's absolutely doable to get to profitability by Q4, but at the same time make the kinds of investment we want to make to keep a high growth rate for many years to come."after-the-bell Thursday, which sent shares about 7% higher in the premarket. The ride-hailing and delivery platform announced a loss that was narrower than expected and moved its EBITDA profitability target to Q4 2020, rather than 2021.
Source: News Formal (newsformal.com)
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