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Why Uber (UBER) Is Running Over Lyft (LYFT)

Why Uber (UBER) Is Running Over Lyft (LYFT)

FromSchwab Network


Why Uber (UBER) Is Running Over Lyft (LYFT)

FromSchwab Network

ratings:
Length:
9 minutes
Released:
May 3, 2023
Format:
Podcast episode

Description

Uber (UBER) is up 41% year-to-date and Lyft (LYFT) is down nearly 4% year-to-date. Emil Michael compares UBER and LYFT. He looks at reasons why UBER is outperforming LYFT. He talks about how UBER sees 2Q adjusted EBITDA at $800M-$850M and UBER's 1Q mobility gross bookings totaled $15B which is up 40%. He goes over how UBER is still figuring out how to classify their employees, but once they get that figured out we can expect UBER's profitability to maintain and possibly even grow. He also highlights how UBER;s 1Q delivery gross bookings totaled $15.03B which is up 8%. Tune in to find out more about the stock market today.
Released:
May 3, 2023
Format:
Podcast episode

Titles in the series (100)

A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.