Uber Mobility vs Lyft
Uber Mobility
  • bookings grew 55% YoY
  • revenue grew 120% YoY

Lyft
  • bookings grew 16% YoY
  • revenue grew 30% YoY

To calculate Lyft's bookings:
Q2 2021
765 million divided by 44.63 = 17,140,936

Q2 2022
991 million dividend by 49.89 = 19,863,700

Keep in mind that $LYFT operates only in the US and Canada. $UBER operates in many more countries.

It's hard to tell how much Mobility revenue is generated in each region Uber operates in. When they report revenue by region, they only report overall revenue (Mobility + Delivery + Freight). because of this, it's difficult to determine the Revenue Per Active Rider in the US & Canada region.

My overall impression is that Uber has a faster-growing rideshare business compared to Lyft, even if Uber is a lot bigger and has more market share. As Uber focuses more on profitability, investors should take it as a sign that the industry is entering market saturation.

At least both Uber and Lyft have reported positive adjusted EBITDA in their rideshare businesses. Profitability is coming soon for both companies.
Top Gainers Today
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$CELH is just on 🔥 (and I'm kicking myself for not picking up any when I was looking at it around $40), $ROKU making a little comeback since last week's report, and a surprising report for $UBER!
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Thoughts on $UBER
I was reading an article from The College Investor about how it was cheaper for a person to rely on $UBER for rides than to own a car. Looking at the math and understanding the author's lifestyle, I understand why it would be cheaper for him.

With cars becoming more expensive, gas prices remaining high, and budgets becoming tighter, some find that they can save more money by relying on ridesharing services to get from Point A to Point B. Others find that relying on ridesharing services removes the stresses that come with traveling with a car (like finding parking, maintenance, etc.).

If more people quit car ownership and start relying on ridesharing services to get to places, one thought I had was how people would take out food from restaurants? One can take rides to pick up food from the restaurant and return home. But comparing the transportation costs that come with picking up the food than from food delivery, people that rely on ridesharing services would save so much time and money by relying on food delivery services to deliver their food.

Uber was smart to be in both the delivery and the ridesharing industry. They knew that if their customers relied on them for rides, their customers would surely rely on them for food delivery.

As for $DASH $LYFT and other pure plays in the gig economy, it would be interesting to see whether they choose to merge and become a clone of Uber or remain as pure plays and use their focus to dominate Uber in their respective industries.
@dissectmarkets unfortunately I do not agree with this guys inputs.. image
I own a car and while I would agree I pay ~$90 a month in gas (at least) I certainly do not pay an average of $140 in maintenance and my car is coming up on 10 years old (I drive them till they drop and buy what I can afford in cash). For the second input of an average ride of $1.99 I’m not sure what planet he is on.. I just pulled up a 5 mile drive (what he stated was his average) and the cost to me with a pass was $19.99 ONE WAY.

Furthermore, I have a friend who did this very experiment. He sold his car to ride share etc. he works from home but after a few months he ended up purchasing an E-bike ~$3,500 as the Ubers/Lyfts were costing him too much in reality.

I think it is like many things a great theory that breaks down in reality.

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A Bunch of Stocks Getting Blown Up
Here are a bunch of stocks getting absolutely blown up over the last couple of weeks/months:

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The Fed rate hike isn't a major factor for $LYFT
Looking at Lyft's 10-K, I found a section that describes that a 100 basis points change in interest rates wouldn't have a material impact on the company. Since the Fed only raised rates by 50 basis points, I don't see interest rate risk as a major factor in whether $LYFT survives or collapses.
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Do you prefer $LYFT over $UBER?

Although Uber has higher operating (EBIT) margins, Lyft has recently shown stronger gross margins which could point to higher future profitability.

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April 2022 Bloodbath - Names Down >30% Since April 1
April 2022 was one of the worst market months of all time. In fact, it was the worst since October 2008. Here are 100 stocks down >30% since April 1:


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$UBER and $LYFT price notes
2022YTD


Quarterly returns:

  • Negative for both companies for the past 4 quarters
  • Q2 2022 (in progress / incomplete) doesn't look like much will change


Quarterly returns (interactive)
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MT Capital's avatar
$26.8m follower assets
$LYFT's top-line relative to operating losses since 2018.
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A good edition from Chartr this AM. Will see if once Lyft rolls out its driver incentives plan if it can and quell its issue of attracting drivers. Uber tried to get ahead of Lyft’s ugly earnings by claiming it does have a path to black, but market not seemingly too optimistic on $UBER either..

My main interest in this space over the long run is how automated driving will end up effecting the ride share industry as a whole and how much of the “the physical drivers subsidize the company’s overhead costs by being contractors paying their own car maintenance costs” narrative will evolve.
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