Uber vs Lyft: 4 key financial metrics compared
Uber Technologies Inc’s initial public offering filing contains data that will be key to selling itself to investors. The share sale follows a public offering by rival ride-sharing service Lyft Inc last month, whose shares have dropped to about $61 from an IPO price of $72. Here are how the two companies compare on key metrics from Uber's filing:
1. Uber vs Lyft: REVENUE
Uber had $11.3 billion in 2018 vs Lyft $2.2 billion. Uber's growth has been slowing relative to Lyft due to scandals and aggressive discounting by Lyft. Lyft’s revenue more than doubled between 2017 and 2018 while Uber's grew around 42 percent. (Reuters)
2. Uber vs Lyft: MARKET SHARE
Uber has lost market share but remains the leader. Uber has 65 percent share in North America while Lyft says it has 39 percent in the United States. (Reuters)
3. Uber vs Lyft: ADJUSTED EBITDA
Both Uber and Lyft lose money though Uber has trimmed its losses in recent years. Uber's adjusted loss before interest, taxes, depreciation and amortization was just over $1.8 billion in 2018 compared to $2.6 billion in 2017. Lyft lost $950 million in 2018 on the same basis. (Reuters)
4. Uber vs Lyft: MONTHLY ACTIVE USERS
Uber has 91 million monthly active users compared to Lyft's 18.6 million. Uber's number includes customers of additional services beyond ride sharing. (Reuters)
Uber vs Lyft: Share price
Lyft share has closed at $56.11 at NASDAQ. On the other hand, Uber has just unveiled its IPO with a warning that it may never make a profit. (Reuters)
Uber vs Lyft: Acquisitions
Also, Lyft, which went public in March, bought Citi Bike operator Motivate last year in a move to fend off competition from rival Uber Technologies Inc’s purchase of electric cycle-sharing startup JUMP Bikes months before. (Reuters)