(Reuters) – Uber Technologies Inc’s initial public offering filing on Thursday contains data that will be key to selling itself to investors.
FILE PHOTO: Uber and Lyft signs are seen on a car in Redondo Beach, California, U.S., March 25, 2019. REUTERS/Lucy Nicholson
The share sale follows a public offering by rival ride-sharing service Lyft Inc last month, whose shares have dropped to about $61 from an IPO price of $72.
Here are how the two companies compare on key metrics from Uber’s filing:
Uber had $11.3 billion in 2018 vs Lyft $2.2 billion.
Uber’s growth has been slowing relative to Lyft due to scandals and aggressive discounting by Lyft.
Lyft’s revenue more than doubled between 2017 and 2018 while Uber’s grew around 41 percent.
Uber has lost market share but remains the leader.
Uber has 65 percent share in North America while Lyft says it has 39 percent in the United States.
Both Uber and Lyft lose money though Uber has trimmed its losses in recent years.
Uber’s adjusted loss before interest, taxes, depreciation and amortization was just over $1.8 billion in 2018 compared to $2.6 billion in 2017.
Lyft lost $950 million in 2018