Uber and Lyft take different roads in search of profit

NEW YORK: Uber and Lyft, the two leading US ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around.

Uber operates in more markets around the world, although it has clashed with regulators in London and Germany and struggled in some Asian markets. Lyft focuses on North America. Uber's ride-hailing business, which generates around three quarters of its revenue, is profitable right now. Uber's other operations are dragging down the company's bottom line. Over the past five years, Uber has built out its food-delivery business Eats, developed self-driving cars, worked on long-haul trucking operations and even on commercial passenger drone shuttles.All of those businesses are money losers.

Lyft has integrated public transit information into its app for seven US cities in the hopes of turning its app into a single transportation platform. Uber is working on similar efforts, but to date has not integrated as many US cities.

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