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Lyft IPO - Summary Investment Presentation


Publication Date: 26 Mar 2019 - By Robert Prather By Robert P.

IPO & Placements Equity Fundamental Equity USA Transport


Lyft, Inc, after launching in 2012 as a peer-to-peer on-demand ridesharing platform, has today grown to provide a multimodal platform that offers riders seamless, personalized and on-demand access to a variety of transportation options including ride-hailing, bikes and scooters and public transportation. It is one of the largest and fastest-growing multimodal transportation networks in the US and Canada.

Please download the full report for more information on the outline below.

Strengths & Opportunities

  • Lyft is rapidly growing and stealing market share away from the biggest competitor, Uber
  • Revenue per ride, revenue as percentage of bookings and other operating metrics are also improving
  • Strong balance sheet with over $2bn in net cash will help it continue spending on customer acquisition and autonomous vehicles

 Risks & Concerns

  • Lyft faces increasing competition from Uber as new entrants as all are trying to gain share by offering steep discounts
  • Low switching costs for both rider as well as drivers
  • Revenue as well as user growth is decelerating while losses are deepening
  • In our view, Lyft lacks the scale effect and even further market share gains may not make it net income positive

Lyft IPO - Summary Investment Presentation

Source: VR Fundamental

Pages: 74

Released: 26 Mar 2019

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The Author

Robert P.

Accounting, IPO & Placements, Equity Fundamental

Consumer, Technology, Industry, Telecom & Media


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