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Connected Mobility

Uber and Lyft Q3 2019 – Operational Insights

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Report Summary:

In Q3 2019, both Uber and Lyft announced better than expected earnings but they are still operating in the red. However, each ride hailing operator is expecting to achieve profitability sometime in 2021.

Sparking this push toward profitability are efforts focusing on multimodality, B2B offerings, subscription travel packages, ad-hoc and community transportation, and reforming each company’s core business lines.

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