Uber Technologies Inc's revenue growth is set to outpace that of rival Lyft Inc as the rideshare firm's presence in major markets around the world gives it the heft to deal with inflationary pressures.
Uber's larger scale, reflected in a $67 billion market cap that is nearly ten times that of its rival, has also allowed it to spend more on incentives to attract drivers at a time when the industry recovery has flooded rideshare firms with demand. Analysts expect a fourth-quarter revenue increase of 19 per cent for Lyft and 47 per cent for Uber, according to Refinitiv data.
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