Nelson Chai : So in terms of the headcount, yes, Mark, we do believe that we can continue to move forward with flat or very small incremental headcount. And so that’s what we are planning as we go forward. As you know, we’ve pretty — we’ve had pretty steadfast since 2019 in terms of where the headcount has been. And we continue to get that operating leverage, and you’re seeing in the bottom line. And so the team is pushing hard to try to maintain that discipline because, again, we continue to try to deliver. While we’re investing, by the way, in the growth that you heard Dara outlined before, so we certainly can. In terms of capital returns, so as you know, I’m handing the ton over to my able new partner over here, who’s going to — who’s kind of stepping in tomorrow as CFO.
So it’s certainly one of the first priorities that he and Dara are going to walk through. He’s fortunate because he’s getting a business that’s in great shape, as you know. As you know, we are now eligible for S&P inclusion. And so it’s really a matter from a corporate action perspective of an opportunity. We’re well on our way to investment grade as well. So he’ll get that benefit as well. And so he also understands the fact that capital return is something that’s come up from investors. We’ve been pretty workmanlike in terms of two years ago, we talked about getting the EBITDA profitability. Last year, we talked about getting to free cash flow. This year, we talked about getting to GAAP operating income at some point. And as you know, especially based on where our projections are, will be GAAP operating income for the full year.
And so we know next year capital return will be a big question. And I know if you look at his background, he has a lot of experience in terms of doing it. You know the forms, whether it’s buybacks or dividends, I think that you will look at the full suite and has a lot of experience in his past life doing it. So I’m confident that when he addresses investors in February, which I believe will be the next time that he’ll be ready to at least give a perspective on that for investors.
Mark Mahaney: Thanks, Nelson. Wishing you all the best.
Nelson Chai: Thank you very much, Mark.
Operator: This will conclude our question-and-answer session. I will now turn the call back to Uber’s CEO, Dara Khosrowshahi, for any closing remarks.
Dara Khosrowshahi: All right. Thank you, everyone, for joining us in this quarter. Huge thanks to the Uber team who keeps delivering with flatter down headcount, which is pretty amazing. They’re working pretty hard. Thank you to our partners, our restaurant partners, earners without whom we wouldn’t be able to deliver any of these services. And then a big thank you again, we said it before, but I’ll say it again to Nelson, who has been an incredible partner on this journey. I think Nelson was saving the best for last, and this is definitely the best. So thank you, Nelson, for everything you’ve contributed to the company. We wouldn’t be here without you.
Nelson Chai: So first of all, I should say this. So I’m really, really proud of the collective work that we’ve all done over my five years. The company is really, really well-positioned to continue to grow at scale to deliver increasing profitability and free cash flow. My hope is the company continues to maintain the discipline that’s allowed us to deliver against our commitments. And I do want to thank Dara for his partnership and all of Uber, because it’s really given me an incredible opportunity, and I’m very proud of the work we’ve done together and to come into a company that’s the verb and leave in such good shape, I think, is about all you can ask for. So again, I thank you. And I really thank Dara a lot for his partnership because we’ve been great partners over the five years.
Dara Khosrowshahi: All right. Thank you, everyone. Thank you, Nelson.
Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.
