Meanwhile, the average observed sales per customer at Lyft in March 2024 was $95, 5 percent higher than in March 2023 and 8 percent higher than in March 2022. In March 2024, the average monthly observed sales per customer at Uber was $107, a 6 percent increase year-over-year and a 17 percent increase from March 2022. How have observed sales per customer fared at Uber and Lyft following a period of high inflation?Īfter a period of high inflation in 20, consumers are paying more for their rides. rideshare spending, about the same as in February 2024. In March 2024, Uber accounted for 76 percent of observed U.S.

Looking at the rideshare competitors’ market share, the breakdown of March 2024 observed sales between Uber and Lyft remained consistent compared to the prior month. During its FY23 Q4 call the company announced its first annual operating profit. Notably, during its FY23 Q2 earnings call, Uber reported its first-ever operating profit and highlighted Uber Rides as the business line with the highest year-over-year revenue growth. Meanwhile, observed sales at Lyft are yet to reach their pre-pandemic levels as of March 2024. By April 2022, observed sales at Uber exceeded their pre-pandemic levels and remained elevated throughout most months of 2022 and into 2024. consumer sales at both Lyft and Uber began to recover in May 2020. rideshare sales at Uber were up 10 percent year-over-year, while Lyft’s observed sales were up 3 percent year-over-year.Īfter a dip at the onset of the pandemic, observed U.S. market shareĬonsumer spending data analytics show that in March 2024, observed U.S. Bloomberg Second Measure’s transaction data analytics show that while observed sales at rideshare industry leaders Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER) began to recover shortly after their early pandemic drop, they did so at different rates. cities and states faced shelter-in-place orders to limit the spread of the coronavirus, Americans’ reduced mobility resulted in plummeting sales at rideshare companies.

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