Connected_MobilityConnected Mobility

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Author: Nicole Schlosser
Publication Date: Aug 18 2023
Pages: 15
Report Type: Report, Word
Connected Mobility

2Q23: Uber Attains Net Profitability. Lyft Takes Steps to Secure Survival

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Report Summary:

Uber’s milestone gains were driven by its cross-selling strategy. Lyft also garnered higher revenue and more active riders, mainly through competitive pricing. Both companies worked to capture more summer travel business. Uber is bolstering its membership program. Lyft is focusing on providing more services.

This report covers Uber and Lyft’s 2Q financials and the strengths and weaknesses in each company’s growth strategy.

Table of Contents

1.Executive Summary

 2.1.    Uber
  2.1.1.Seizing the Intercity Travel Opportunity
  2.1.2.A Growing Cross-Selling Opportunity, and a Risky Move
  2.1.3.Waymo, Other AV Partnerships
  2.1.4.Other New Initiatives
  2.2.1.Big Bet on Wait & Save
  2.2.2.Airport Ride Initiative
  2.2.3.Micromobility Sale Speculation
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5.About Us

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