Uber (UBER) and Lyft (LYFT) have fought to establish a near-duopoly in the US ridesharing market, accounting for over 95% of rideshare spending. Both operate in all major US cities, often using the same driver network, with plans to replace that network with autonomous vehicles. Each has also begun a national roll-out of bike and scooter rentals.
Uber differentiates itself in three ways.
Larger: Uber the #1 ridesharing company, and more than than twice the size of Lyft in the US.
Global: Uber operates in 700 cities across 63 countries.
Uber Eats: Uber leverages its driver network to operate restaurant delivery service Uber Eats.
Despite their differences, Uber's valuation will undoubtedly be tied to Lyft's, and investors will evaluate the successes of one relative to the other.
Below we break down the economics of each over the past two years.
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