Ok, so I'm not very educated in the stock market. Could someone help get this straight? Uber raised like 20 billion privately + 8 on their IPO. After 14 years n

Ok, so I'm not very educated in the stock market. Could someone help get this straight? Uber raised like 20 billion privately + 8 on their IPO. After 14 years now they have made their first profits - 1 billion in the last 4 quarters. This just doesn't sound good to me?