With today’s announcement that Lyft has reached an annualized gross revenue run rate of $1B, TechCrunch draws the inevitable comparison to Uber:
Lyft’s most recent valuation: $2.5 billion
Uber’s valuation when it was valued at similar financial metrics: $3.5 billion
You will note that those are not the same numbers.
Here you can speculate. Was Uber growing more quickly at the time than Lyft is now?
Aligning by the $100M milestone:
It took Lyft 23 months to increase gross ARR from $100M to $1B, growing 10% compounded monthly.
Meanwhile, Uber took just 16 months to reach the $1B mark, growing 14% compounded monthly.
In the same amount of time it took Lyft to reach $1B, Uber grew to nearly $2B.
It’s commendable that Lyft has reached this mark, but there’s no question: Uber’s milestone-to-milestone growth has far outpaced Lyft’s.