Interested to learn approximate quarterly revenue Lyft is making, compared to Uber's $2b from $9.7b booking. My guess Lyft is doing 1.2-1.5M rides daily. With $10-$12 per ride, likely $15-$18M booking daily with $4.0-$4.5M revenue. Anyone from Lyft to shed some light (either here or DM) on these estimates and projected revenue Lyft aiming for 2018 before going into IPO.
Why would anyone from a private company share numbers, that is dumb.
Didn't expect any firm number (not all insiders even know precise number). Just looking if my estimates are in-line or above or below on the number of rides, booking per ride, and revenue % of the booking. Why interested? An executive recently invited to join as a Tech Lead in a ML role at Level5 self-driving wing. My discussion was on the technology front, and bit on self-driving fleet management, but not on core business. Wanted to get some idea on Lyft's current revenue (or projected growth), as I don't have any friend there. While I like the position, led by Luc Vincent (a top recognized researcher in his field), at the end business needs to show potential growth to justify say 3-4x value by 2022.
Gotcha. There are a few recent articles I believe some with public info. I doubt you’d find anyone providing more than that. You can have more follow ups with the team though.
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If I remember correctly there was an article that said Lyft recently passed $1B in ride booking run rate.
That's in line with my estimation. Earlier in January I saw 500k daily rides report somewhere, which definitely moved by 2.0-2.5x to justify their current valuation ($4.5b in last round VS $11.5b in latest one). $1b run rate indicates on average 0.8-1.0M daily rides throughout 2017.