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

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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.

 

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