Lyft says its revenue is growing nearly 3x faster than Uber’s

Lyft says its revenue is growing nearly 3x faster than Uber’s

6 years ago
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https://techcrunch.com/2018/03/12/lyft-says-its-revenue-is-growing-nearly-3x-faster-than-ubers/

Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S., and riding some very bad news from its primary rival Uber. That’s helped it grow revenue to over $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced Lyft’s by 2.75x, lifted (get it?) 168 percent year-over-year, vs. 61 percent growth for Uber’s revenue relative to its own performance during the final quarter of 2017.

Of course, neither company needs to release their official financial results for either the quarter or the year, because they’re both still private, but they do tend to enjoy letting a bit of the fiscal cat out of the bag. Lyft provided this stat shot, which also includes some highlight numbers on its performance thus far in 2018.

Lyft says its revenue is growing nearly 3x faster than Uber’s

Mar 12, 2018, 8:43pm UTC
https://techcrunch.com/2018/03/12/lyft-says-its-revenue-is-growing-nearly-3x-faster-than-ubers/ >Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S., and riding some very bad news from its primary rival Uber. That’s helped it grow revenue to over $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced Lyft’s by 2.75x, lifted (get it?) 168 percent year-over-year, vs. 61 percent growth for Uber’s revenue relative to its own performance during the final quarter of 2017. >Of course, neither company needs to release their official financial results for either the quarter or the year, because they’re both still private, but they do tend to enjoy letting a bit of the fiscal cat out of the bag. Lyft provided this stat shot, which also includes some highlight numbers on its performance thus far in 2018.