Uber on Thursday said it would report around $5 billion in adjusted profit in 2024 and improve algorithms to keep costs low and win new customers.

Refinitiv data indicates that the 2024 forecast falls below $5.7B analysts’ expectations. The company’s share price fell 4%. It had risen as much as 5 percent earlier in the morning. Stocks were suspended earlier.

Nelson Chai, the Chief Financial Officer of Uber stated at its first investor day that Uber would report approximately $5 billion in adjusted earnings, before interest taxes, depreciation, and amortization. The measure does not include one-time expenses, but primarily stock-based payments.

Dara Khosrowshahi, Uber’s Chief Executive Officer, stated that “We believe it’s worthwhile, there could be upside, absolutely but let’s focus on this target for now.”

Chai stated that the company anticipates reporting gross bookings between $165 billion to $175 billion by 2024.

This outlook is comparable to an EBITDA loss adjusted of $0.8 Billion in 2021, and gross bookings at $90 Billion.

According to data from Refinitiv, analysts had predicted gross bookings in excess of $169.73 trillion.

Uber shared several business strategies, including plans for new growth and partnerships to acquire autonomous vehicles in the U.S.A in 2022.