Jim Cramer weighed in on Uber's earnings.
For the fourth quarter, Uber reported a net loss of 64 cents versus a loss of 68 cents per share expected by Wall Street analysts. Revenue came in very slightly higher than analysts' forecasts, at $4.1 billion in quarterly revenue versus forecasts of $4.069 billion, according to FactSet.
Gross bookings came in at $18 billion, in line with estimates and representing year-over-year growth of 28%.
Cramer wrote about Uber in his Real Money column Friday morning.
"Who would have thought it: Uber (UBER) - Get Report and Pinterest (PINS) - Get Report executed so well that they actually were able to surprise to the upside. It's pretty monumental given that both of them had the orientation not that long ago of losing a lot of money to make a lot of money. Now they just want to make a little money and we discover that when they go for profitability they can get it," wrote Cramer.
So, based on Cramer's theory from Thursday's show, would Uber have fallen if CEO Dara Khosrowshahi hadn't said that he forecasts profitability by the end of 2020?
Cramer said no.
He explains why in the full video above.