Uber Mobility vs Lyft
- bookings grew 55% YoY
- revenue grew 120% YoY
- bookings grew 16% YoY
- revenue grew 30% YoY
To calculate Lyft's bookings:
765 million divided by 44.63 = 17,140,936
991 million dividend by 49.89 = 19,863,700
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.