Uber dominates U.S. market shareConsumer spending data shows that in September 2023, observed U.S. rideshare sales at Uber were up 6 percent year-over-year, while Lyft's observed sales were down 3 percent year-over-year.
Should you invest in Uber or Lyft?
Uber has a huge weight advantageIf you were expecting the Uber vs. Lyft faceoff to favor Lyft due to its smaller size, don't give up on the David and Goliath paradigm. There are plenty of smaller companies out there equipped to outmaneuver their bigger competitors. It's just that Lyft isn't one of them.
Who is richer Uber or Lyft?
Why is Uber worth so much more than Lyft?
In terms of revenue, Uber is about 10 times the size of Lyft. Granted, more revenue means Uber is spending more on variable costs like driver compensation and administrative support. More revenue, however, also means Uber can spend more on research and development, which in turn maintains its technological edge.
Why Lyft is losing to Uber?
“Recently, Uber has demonstrated more patience raising ride-share prices and take-rates domestically, causing Lyft to lose significant market share.” A take rate is how much a company makes from each booking.