by shane_stockflare
Here are the figures for Lyft including the forecasts from analysts (who weren’t on the deal).
| 2016A | 2017A | 2018A | 2019E | 2020E | 2021E | 2022E | 2023E | |
|---|---|---|---|---|---|---|---|---|
| Bookings | $1.9bn | $4.6bn | $8.1bn | n/a | n/a | n/a | n/a | n/a |
| Sales | $0.3bn | $1.1bn | $2.2bn | $3.4bn | $4.6bn | $5.4bn | $6.0bn | $7.4bn |
| EBITDA | -$0.7bn | -$0.7bn | -$0.9bn | -$1.1bn | -$1.0bn | -$0.8bn | -$0.2bn | +$0.4bn |
| EPS | n/a | n/a | -$3.83 | -$3.30 | -$2.92 | -$2.36 | -$0.89 | +$0.59 |
Note: I’d be surprised if we don’t see upgraded when the analysts who worked on the deal are allowed publish.
Next to Uber:
| 2016A | 2017A | 2018A | |
|---|---|---|---|
| Bookings | $19.2bn | $34.4bn | $49.8bn |
| Sales | $3.8bn | $7.9bn | $11.3bn |
| EBITDA | -$2.5bn | -$2.6bn | -$1.8bn |
The sheer scale of Uber versus Lyft is astounding.
| 2018 | Uber | Lyft | Comparison |
|---|---|---|---|
| Users | 91m | 16m | 6x |
| Trips | 5.2bn | 0.6bn | 9x |
| Bookings | $49.8bn | $8.1bn | 6x |
| Sales | $11.3bn | $2.2bn | 5x |
With Lyft worth $17bn, even after the chute below IPO price a straight revenue multiple puts Uber at a $81bn to $91bn depending on which revenue figure you use (reported or core-platform revenues).
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