lyft vs uber financials 2x1

Uber and Lyft are set to be the first publicly traded ride-hailing companies when Uber finishes its IPO that it began last week.
The companies’ IPO filings are the first look investors have at audited financials for Uber and Lyft.
Business Insider pulled out five key lines from the companies’ balance sheets to show how the two compare.

Uber filed its long-awaited documents for an initial pubic offering, or IPO on Thursday, giving us the first comprehensive look at the ride-hailing giant’s financial situation (and other internal information).

The company has previously self-reported some of its earnings, but the releases were unaudited and without any additional context.

Friday’s filing is the first time we have three years worth of audited financial information from Uber, which could have one of the largest IPOs in history, and the first time many numbers are comparable with Lyft, which recently also went public.

Business Insider dove into Uber’s nearly 300-page prospectus and boiled the hot competition between the company and Lyft to five important charts.

SEE ALSO: Here are the biggest differences between Uber and Lyft, the two biggest ride-hailing apps

The data show that Uber is, as expected, still much larger than Lyft.

Uber’s …read more

Source:: Businessinsider – Technology

      

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