We ❤️ ride sharing. It's great being able to watch where your driver is real time, easily pay without fussing for your wallet, split the cost with friends and have an easy support channel if anything goes wrong or you leave something behind.
We hear about Uber and Lyft constantly competing in everything from fundraising to promotions and even litigation against cities, but that got us at Birch thinking, how do the numbers actually stack up?
We took data from more than a combined 12,000 rides between Uber and Lyft and crunched all the numbers. Uber still seems to dominate the ride sharing space, but Lyft isn't doing too bad for itself.
On average, Uber rides tend to be around $1.50-$2.00 more than Lyft. It's impossible (given our data set) to know whether this is attributed to longer rides or just Uber being more expensive.
The data below is the middle 50% of rides across roughly 3000 anonymized riders from January 2016 to May 2016:
What's also interesting to note, is that even though Uber accounts for 65% of rides, it generates 69% of total revenue between the two.
It's obvious that Uber still dominates the majority of ride sharing, but given that the spread between rides is not actually that wide, I wouldn't be surprised if it closed significantly over the next 12-18 months.
Send me an email and let me know what other comparisons you'd like to see!