Lyft vs. Uber: Which Ride-Hailing Company Is a Better Buy?
Ridesharing rivals Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER) went public around the same time in 2019. Blistering competition between the two contenders seems to be easing up as both companies aim to achieve profitable growth. The shift will result in higher prices for customers, but it could also mean that both companies boost their bottom lines and increase their appeal to investors.
Image Source: Getty Images.
Lyft has grown revenue at a blistering pace over the previous two years, with compounded annual revenue growth (CAGR) of an astounding 85% in that period. Furthermore, the company is in the middle of 11 consecutive quarters of revenue growth. Admittedly, this growth is happening with negative earnings. Still, the company has $2.8 billion in cash and equivalents to work with while it attempts to scale its way up into profitability.
Source Fool.com
