Uber CEO Dara Khosrowshahi confirmed during its recent Investor Day that they are expecting the business to be profitable with multiple big opportunities.

“All of this, as you saw from Nelson's presentation translates into what we believe is huge value creation for shareholders that's ultimately why we're here 20 to 25% gross bookings CAGR, 7% incremental margins resulting in a target of $5 billion in adjusted EBITDA by 2024 with significant free clash vote generation and a management team who has demonstrated very strong capital discipline,” he said.

Late last year Khosrowshahi said during a chat with UBS that the company has had the "best week ever in terms of overall gross bookings" which was seen through shares jumping up on Tuesday, Dec. 14.

An earlier report from Washington Business Daily mentioned that Uber continues to think long term in building new growth areas and profit drivers.

"[CFO] Nelson [Chai] and my goal is to build a company that can compound top-line rates, of very, very attractive rates and continue to improve margins over a period of time," Khosrowshahi said in the chat.

During the UBS fireside chat with Khosrowshahi, the Uber CEO said the company has seen its "highest week of total bookings ever.” This comment caused shares in the company to rise 5% in late-night trading, CNBC reported.

“When shares improve, and margins improve, and you're growing faster than the category,” Khosrowshahi said during Uber’s recent Investor Day. “Good things are happening. And we think good things are going to continue to happen.”

Lyft shares also increased by more than 3%, as investors took the comment by Khosrowshahi as a clue in that ride-hailing companies were once again growing.

There were approximately 14,000 drivers in Seattle as of 2018, according to the Seattle Times.