Lyft will be the first ride-hailing company to go public. Here’s how its numbers compare to Uber.
That makes sense, given Lyft is only active in the US and Canada. Uber, meanwhile, is active in thousands of markets in countries all around the globe. Lyft seems focused on the US for now, and has privately pitched investors on its singular ride-hailing (and bikes and scooters) bet, as opposed to Uber’s multipronged approach to self-driving, delivery, and more.
“The rideshare industry still has plenty of growth runway,” White, of Davidson, said. “With its advantages in convenience, value, and payments expanding the scope/scale of the traditional taxi market that is being disrupted.”
In January, when Business Insider reported on Uber’s slowing app install growth, the company offered this comment:
“We continue to experience strong growth for a business of our size and global scope,” Uber spokesperson Michael Amodeo said. “As we look ahead to an IPO and beyond, we are investing in future growth across our platform, including in food, freight, electric bikes and scooters, and high-potential markets outside the US.”
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