News Formal

Lyft gaining on Uber going into third-quarter earnings, new data shows - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Malaysia News News

New data shows Lyft is continuing to gain on Uber. Here's what to expect from the company's earnings report.

are both scheduled to report earnings over the next week, with Lyft kicking off the show on Wednesday.

For the first time, data from eMarketer shows, more than half of US adults will use Lyft, with that percentage expected to grow to 59% by 2022. Of course, many people use both apps, and Uber's still expected to grow 11% this year, the firm estimates. Data from Signal Tower, which monitors new app installs on iPhone and Android devices, shows that Uber is still hitting new phones more than Lyft. Uber saw an estimated 6.5 million downloads in the US and Canada during the quarter, compared to Lyft's 5 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber reveals its new financial services team Uber Money - Business InsiderUber is launching a digital wallet, dubbed Uber Wallet, in addition to reintroducing the Uber Credit Card, and updating its Uber Debit Account.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Uber Health integrates with Cerner's electronic health record system - Business InsiderUber Health is integrating with Cerner's electronic health record system so providers can easily schedule nonemergency transportation for patients.
Source: BusinessInsider - 🏆 729. / 51 Read more »