2018 Revenue
———————
Uber: $11.3 billion
Lyft: $2.2 billion
2018 Loss
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Uber: $1.85 billion (Adjusted EBITDA loss)
Lyft: $911 million
Total Cities
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Uber: 700+ (globally)
Lyft: 300+ (across U.S. and Canada)
2018 Booking revenue from ride-hailing service
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Uber: $41.5 billion
Lyft: $8.1 billion
Users in 2018
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Uber: 91 million (including other services like Uber Eats)
Lyft: 30.7 million
Drivers in 2018
———————
Uber: 3.9 million
Lyft: 1.9 million
Rides in 2018
——————
Uber: 5.2 billion (includes scooter and bike rides, Uber Eats deliveries)
Lyft: 619 million
comments
Not an issue at all in Barcelona. Actually it's better off without Uber. They have a local clone that works way better.
As soon as Uber tries to become profitable, you will have a new local cheap clone that will take over. I know it's difficult for you to see because you drink all the Koolaid from the internal all hands,but Uber is completely un needed and as soon as it gets more expensive we will go back to what we used before. Thanks for all the VC backed free rides for all those years BTW
Man, you really need to take a step back and realize you are a SF hipster that is in the top 0.1% of the world richest. Normal// average people don't care that much and will use what has been used for a long time : their feets or their own car , or the local competitor.
with a person in database, with a fixed price and that too with feature which allows security features like sharing route details and emergency calling . Its way better than a random driver stopping in middle of road and asking for more money. It actually made a difference.
Ppl in Europe don't need Uber. It's okay to take a cab that might be more expensive once or twice a week when getting home after drinks, because my f-ing commute is like 2 bucks or less. And faster, because trains don't get stuck in rush hour.
Uber might be heading towards Amazon of transportation
During RSM conference Uber rate was 9x, Lyft rate was 2x.
Also Lyft pays a bit more to drivers in a form of promo, but they do background screening and first year driver who just moved to U.S. can’t sign up to drive Lyft, but can sign up to drive Uber.
I have no data to back it, but those are my observation.
Overall I love ridesharing, because it made taxi business so much safe for women.
Uber S1 said they lost $10B in 3/4 years. Google paid almost 6/7B in fines without anyone noticing it.
So as I said, it will be super expensive, but if someone is willing to lose the money, not that hard.
Typical example of network that can't be bought is Instagram/Facebook. You won't go if your friends don't go to the new network.
Now I'm not saying Uber is the same as Amazon, just it's ridiculous to eat that Uber doesn't have a network effect because if you throw enough money you can enter the market. It's true for every market... Just some market have a stronger network effect (in more expensive to disturb) than others but there is definitely a network effect in ride sharing business
Another factor to consider is Uber is much more localized than Amazon/fb. A competitor doesn't even have to compete on a mass scale. He can focus on top cities and compete. Although Uber doesn't disclose but it would be top heavy just like many other companies as in few cities driving majority of the revenue. A competitor has to get in only in those areas.
Absolutely I don't deny the network effect part. My point being it is far easier to break the network or join the network as compared to other network effect businesses.
Given both of those companies are considered “growth” plays, who do you think will grow more?
Right
Thinking of switching to fb to make crazy money from selling ads and my low ethics
And yes, kicking ass by going from being for sale to actually putting a very significant dent into Uber’s market share.
Uber really had a chance to be the hottest IPO but they fucked it up. Buy/stay there at your own risk.
Uber is way ahead here.
The cities number couldn’t make it more obvious. 300+ vs 700+ when they are both in all the same cities in the US and Canada and Uber is in multiple cities in like 68 other countries. Lyft probably counts each suburb of a major city as another city. Using Lyft’s metric, Uber’s count would probably be 3000+ cities.
Same goes for the driver and rider counts. Lyft is probably counting everyone that has ever driven or been driven and Uber is probably counting monthly active drivers and riders.
I don’t know how anyone could believe that Lyft is doing like 1/5 the gross bookings with half as many drivers in a market with a very high relative PPP. Even if that were true, that’s atrocious efficiency.
About half of the cities are actually in North America. For example, in whole South Asia, in market of over 2 billion people, India, Pakistan, Nepal, Sri Lanka, and Bangladesh, Uber is operating in 22 cities combined
Edit: for example, I’m flying into a city next week that has Uber but isn’t on that list and is about 3-4 hours from the closest city on that list.
This comment was deleted by original commenter.
https://www.google.com/amp/s/techcrunch.com/2019/03/11/report-googles-waymo-seeks-outside-investment-and-a-sky-high-valuation/amp/
Waymo valuation higher than Uber
Once uber goes driverless it's expenses will REALLY go through the roof.
Uber Pro (the driver reward system) and the driver debit card are product build with the intent of keeping our drivers longer , happier and treating them better
The scooter and the bike business is there not cannibalize our last mile efforts, not to ever make effort
Either way, Uber just isn’t doing anything interesting. Cheap labor for taxis. Wow. What passes for innovation these days is just really disappointing.
...Elevate, ATG, Eats, Freight, JUMP, Works, and yep Rides.
Keep up the good lobbying work anyway, Intuit.
At least Uber doesn’t lobby to create the problems it tries to solve.
Basically Uber has finished burning money on these markets at the pre-ipo phase.
Imagine lyft now try to enter these markets. They need to spend tens of billions to get significant shares but that’s just not possible because they are now a public company. The entry boundary to those mature markets is becoming even costly too.
China market for example (the biggest consumer market, larger than US) will probably forever be locked for lyft, but as Didi grows Uber will enjoy its 17% share as China economy expands too.
Being public company you need to answer all critics from stakeholders on why you burn more money. The financial reports itself will get your CFO killed.
Also put this way, the entire cash reserve from lyft (with raised new capital from ipo) is not going to be enough for a market entry to Chinese market, let alone whether they can spend them all there.
https://m.economictimes.com/small-biz/startups/newsbuzz/uber-ola-enter-slow-lane-in-2018/articleshow/65927443.cms
I don’t think Lyft or any other international players are going to burn money in those markets
If two companies use a different duration, the numbers are no longer directly comparable. This is one example of how numbers may not be comparable, there are many many more if you dig down into both prospectuses.
You’ll have to do your own analysis since I won’t comment on our prospectus in any specific terms.
Same goes for drivers. Their figure for number of drivers makes no sense unless they are counting every driver that has ridden for them. I think they are claiming like 1.9 million while Uber reports 3.9 million. Even if that was accurate, it would be insane for them to be producing 1/5 of the gross receipts of Uber with 1/2 the drivers. That efficiency makes no sense. I’m honestly shocked no one that calls themselves a journalist have called out these blatant inconsistencies.
Btw, looking at growth rate of both companies looks like only USA has healthy growth for rideshare. Uber already disclosed rideshare growth in India slowed down to < 10% YoY in 2018
That is it.
2018 revenue is $11.3 billion.
2018 booking revenue is $41.5 billion.
What’s the difference? Does that mean the total revenue is $52.8 billion?
Trip costs $10
Driver share of it is $8
Uber keeps $2
In this example $10 is booking revenue and $2 is revenue. (20% take rate)
From the S1 filing numbers, looks like it's closer to 27% similar to Lyft.