Uber is raking in the cash.
Travis Kalanick, CEO of the car-hailing service, told the Financial Times that the company is making money in North America and Australia. In Europe, the Middle East and Africa, it is profitable after excluding tax and interest.
The results underscore the success of ride-sharing services as a viable alternative to other transportation options.
Kalanick also said Uber is the No. 2 player in China even though the country is already the company's largest market by number of rides. There, Uber faces rival Didi Chuxing, which just got a $1 billion investment from Apple in May.
Uber wasn't immediately available for comment.