Lyft Inc.’s latest results have some analysts wondering whether Uber Technologies Inc. has a major edge as both ride-hailing companies aim for eventual profits amid investor unease over the continued steep losses in the ride-hailing industry.
The Uber forecast has “better optics,” wrote MKM Partners analyst Rohit Kulkarni. “We think Lyft has fewer levers to accelerate its pathway to profitability versus Uber, and we do not believe reducing marketing spend is a healthy and sustainable way to achieve sustainable profitable growth.” See more: Lyft tops $1 billion in quarterly revenue for first time, but stock dips as profit remains well down the road
Shmulik was left wondering whether Uber was “pushing harder” in the quest to improve bottom-line results, as well as whether the company’s scale and structure enable it to achieve better operating leverage relative to Lyft.Though Uber and Lyft are both in the ride-hailing business, Lyft has a more narrow focus on the U.S. and ride sharing, while Uber has made a much stronger international push while also expanding into categories like food delivery and freight.
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