Uber ($UBER@US) stock jumped 6% in premarket trading as the company hopes to announce its first quarterly profit. With the COVID-19 pandemic maintaining its stranglehold on America, demand for rides and food deliveries has remained high, boosting Uber’s prospects. After spending billions on growing the business, the firm should beat its third-quarter booking estimates, with its EBITDA looking to reach as high as a $25 million profit after previously projecting a $100 million loss. Additionally, its EBITDA could achieve a $100 million profit by Q4.