Uber Applied sciences Inc. plans to stipulate its technique for progress and new enterprise alternatives when it holds its first investor day as a public firm on Thursday, after teasing information on a world car-sharing community and improved algorithms to maintain prices low.

Firm executives throughout a fourth-quarter earnings name on Wednesday stated they would supply extra particulars on how Uber plans to fuse its two platforms — ride-hail and meals supply — into one cost-saving Uber market.

The corporate on Wednesday posted its second quarterly working revenue and stated trip demand recovered to almost pre-pandemic ranges.

Uber swung to $86 million in adjusted earnings in the course of the fourth quarter in contrast with a $454 million adjusted loss throughout the identical quarter final yr. Income surged 83 p.c to $5.8 billion. Shares in Uber rose 6 p.c in premarket buying and selling.

Since Uber went public in Could 2019, the corporate’s shares have been on a roller-coaster trip, almost halving in the beginning of the pandemic in early 2020, when the corporate’s ride-hail enterprise got here to a screeching halt.

Uber is telling traders it has turned the nook and is about up for long-term progress and profitability as pandemic restrictions subside in a lot of its core markets, however its shares stay hovering at roughly the identical stage as after they first listed.

Uber CEO Dara Khosrowshahi stated the corporate had shareholders’ curiosity in thoughts.

“We wish to be a progress enterprise, however we wish to be a worthwhile progress enterprise and we wish to be bettering margins going ahead,” he informed analysts on a convention name on Wednesday.

Khosrowshahi stated a greater mixture of its rides and supply enterprise would carry down buyer acquisition prices — a metric traders carefully comply with in a market the place firms have lengthy competed by outbidding one another with pricey buyer reductions and incentives.

The corporate was additionally tweaking its algorithm to make sure extra employees signed up for each ride-hail and supply companies, Khosrowshahi stated, including that it might enhance driver dispatching and permit for increased utilization of every employee.

The CEO additionally promised an replace on different new enterprise alternatives, together with a world peer-to-peer automotive rental community. Uber final month acquired Australian car-sharing firm Automotive Subsequent Door and Khosrowshahi stated Uber deliberate to increase car-sharing’s footprint.

“I believe with peer-to-peer automotive leases, we’ll go international. We’ll be certain that we do it in the correct method,” he stated.

A number of automakers have exited the peer-to-peer car-sharing market lately, citing excessive prices and the risky state of the mobility trade.

Uber’s investor day will happen in New York Metropolis and start at 9 a.m. native time.