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Uber CEO discusses company's finances

Illustration: Lazaro Gamio / Axios

Today, profits from Uber's ride-hailing business in developed markets (N. America, Europe, Australia, New Zeland) can pay for the whole company's centralized business expenses like engineering, CEO Dara Khosrowshahi said at Goldman Sachs' tech conference in San Francisco.

Why it matters: Khosrowshahi's comments come a day after the company released its financials for 2017, which showed its business grew despite a year of turmoil. The company has also long faced questions about whether its business model is even viable.