Uber and Lyft face Q1 trip forecasts ahead of earnings
Updated
Updated · CNBC · May 5
Uber and Lyft face Q1 trip forecasts ahead of earnings
12 articles · Updated · CNBC · May 5
Kalshi traders give Uber an 88% chance of topping 3.6 billion trips, while nearly 45% expect Lyft to exceed 245 million rides before reports due Wednesday and Thursday.
Uber's forecast would still trail its 3.8 billion fourth-quarter trips and sit just below StreetAccount's 3.69 billion consensus, while Lyft compares with 243.5 million rides last quarter.
Lyft shares fell nearly 17% after its February report missed expectations, as both companies push beyond core ride-hailing through teen accounts, taxi and chauffeuring deals, delivery, hotel bookings and air-taxi partnerships.
As Uber builds its 'super app' and Lyft expands abroad, which company's growth strategy will ultimately prove more profitable?
With air taxis and robotaxis emerging, how will new AI partnerships actually impact Uber and Lyft's near-term earnings?
Can rideshare giants improve driver pay amid rising costs without passing the full burden of higher fares onto riders?