Uber Speeds Past Expectations, Can Lyft Keep Up?

Key Takeaways:

• Per Sensor Tower estimates 3Q22 MAUs on the Uber app were up 14% YoY (1% QoQ) vs Uber’s reported Monthly Active Platform Consumers (MAPCs) up 14% YoY (2% QoQ), driven by the lifting of travel restrictions propelling demand and the continued shift of consumer spending from retail to services

• Uber has benefited from growth in both new and returning drivers: ST MAU estimates on the Uber Driver app were up 16% YoY in 3Q22 and 38% against 3Q20, when demand stalled due to the pandemic

• Uber has largely been able to carry the momentum generated in the summer into the fall season with MAUs on the Uber and Uber Driver app up 6% and 11% YoY, respectively in Oct’ 22, according to Sensor Tower estimates

• Ride-share competitor Lyft saw slower mobile app growth in 3Q per ST estimates: MAUs on the Lyft app are up 1% YoY as of Oct’ 22 and were up 3% YoY in 3Q22, perhaps softened by Lyft’s lack of exposure to international, high-growth markets relative to Uber (86% of Lyft MAUs from USA, vs only 23% for Uber)

For more information, request the full report from reports@sensortower.com.