SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Investing in Exponential Growth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Paul H. Christiansen4/4/2018 3:46:18 PM
   of 1084
 
Uber, Lyft Face Growth Ceiling



Several executives and key investors of Uber and Lyft estimate that annual revenue the companies generate in the U.S. from their core ride-hailing business will at most grow sixfold in the coming years before leveling off. That’s a much slower growth trajectory than what they were predicting a year or two ago, and it could translate into lower valuations from institutional investors when the companies go public, expected next year.

Previously, leaders at Uber projected internally that ride-hailing in the U.S. could be a $1 trillion market in terms of gross revenue, or 40 times what it is today. But difficulty in recruiting and retaining drivers in the U.S., the most lucrative market for ride-hailing, has prompted some of these people to ratchet back growth expectations. They now feel that until autonomous vehicles eliminate the need for some human drivers, Uber and Lyft won’t be positioned to make the kind of revenue gains they once thought were possible.

Some current executives and investors, as well as former executives at the companies, say the gross revenue generated by Uber and Lyft combined in the U.S. could plateau at anywhere from $100 billion to $150 billion annually by early in the next decade, assuming ride prices don’t drop meaningfully. That’s up from about $25 billion in combined gross revenue in 2017.

Read More - $ The Information
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News