A 'warrior's warrior': Why insiders say the first-time CFO running Lyft's $20 billion IPO is the perfect fit
"We are currently modeling Lyft revenue growth this year of 56%, to $3.4 billion" White said in a note to clients Tuesday.With the exception of one quarter for Uber — when its acquisitions of Yandex in Russia and Grab in Southeast Asia closed — both companies' balance sheets are deeply in the red. Both companies are racing to slow those losses, while still investing enough to continue growing, in order to appease investors.
"Our long-term valuation framework for Lyft assumes that the company achieves a 31.4% bookings share by 2029 ," White said in his initiation report.Lyft is gaining growing in the USLyft has closed the new-install gap quickly, according to data from the data firm Sensor Tower. The company told investors in its IPO filing that it got a big boost from the"delete-Uber" campaign that scarred the company's image in 2017.