This follows from a high of 1.91 billion the preceding quarter. Lyft comes out ahead in Fort Lauderdale, Florida, where the average monthly bill is $85, compared to a $46 average Uber spend. Uber will be listing on the New York Stock Exchange. Uber currently has 75 million riders and 3 million drivers globally. It is thought the worse-than-expected performance of the Lyft IPO may have informed this decision. Uber Eats has been claiming a greater and greater share of Uber gross bookings revenue. This measure, it should be noted, is considered deeply problematic as an indication of profitability. Uber stands second with a market share of 38%. The same apples in Pittsburgh, Pennsylvania ($50 for Lyft, $49 for Uber) and Denver, Colorado ($40 vs. $38). We haven’t really seen a much higher market cap since Uber began trading publicly. Many venture-capital backed loss-making tech startups will be watching closely, to see if the poster boy for this way of doing business proves to be sustainable as an incumbent and not just a disrupter. Uber Eats ranks 2 in the US food & drink bracket, Uber Freight – a trucking business – was gaining traction in the US, deeply problematic as an indication of profitability, Q4 2018 Uber revenue of $3 billion was up a mere 2% on Q3, Uber reportedly burned through $11 billion before 2018, Khosrowshahi has gone so far as to say he does not move towards profitability too quickly, over 17% of Uber’s gross bookings were attributable to Uber Eats. Get accurate performance estimates for 3+ millions apps in 150+ countries. By the end of that same year, 2014, this had more than-doubled. Nonetheless, its growth is impressive and it has certainly come to serve as an essential Uber revenue source. 28 % of UberX drivers are female. The two would be involved in a controversy in 2017-18, when it transpired that an engineer who had left Google to found self-driving truck company Otto had downloaded 14,000 files of data from Google pertaining to autonomous car technology. Didi Chuxing’s efforts in the region are likely to have contributed to this. Uber has placed a lot of stock into autonomous car research. The events of Q1 2020 were a setback, with the figure falling to -24%. Since then, bar a couple of minor dips, it’s been in front – and continuing to pull away. Uber controversy levels reached fever pitch in 2017, which can very much be considered Uber’s annus horribilis. On average, each MAPC made 5.4 trips in Q1 2020, down from 5.7 in Q4 2019. Over the pond, in London, we see licences for private hire cars (including but not limited to Uber) shooting up since Uber came onto the market in 2012 (67,000) to 118,000 in 2016/17. Chief among these Uber competitors are Lyft, Grab, and Didi Chuxing. Naturally we can’t expect explosive early growth to be maintained, yet still investors will no doubt be looking for robust figures. All of this research does not come cheap, of course. Casting our eyes back, CNBC reported that Uber’s take rate – the cut it takes from every ride – slipped down in Q4 2018, affecting the proportion of gross bookings that becomes net Uber revenue. Global Self-Driving Car market accounted for $41.18 billion in 2019 and is expected to reach $441.02 billion by 2027 growing at a CAGR of 34.5% during the forecast period. Here, domestic rival Ola is the market leader, with a share of 56%. Uber statistics based on survey of 1,200 drivers conducted in early 2018 by The Rideshare Guy show median Uber earnings of $15-19.99 before expenses. The latest Uber market share statistics are mind-blowing. Uber Eats on the other hand has been an undeniable success. Uber also sold its Chinese business to Didi Chuxing for $35 billion in 2016. Didi Chuxing, despite having a 52 per cent global market share, was found to be slow in expanding their global reach, which impacted their overall implementation score. As we might expect, earnings creep up with service level, though the sample size for the luxury UberBLACK service was small enough to make the $24.87 per hour figure anecdotal. The Rideshare Guy survey found that most Uber drivers’ satisfaction levels relatively high, with 43.4% stating they somewhat agreed that they were happy driving for Uber – registering an upward trend between 2017 and 2018. Uber Eats UK daily user count vs. other food delivery apps. Uber also gives us a non-GAAP ‘adjusted net revenue’ figure, which comes in at $3.3 billion in Q1 2020, down from $3.7 billion in Q1 2020. Sources: Thinknum, Jampp. They raised 11 million dollars in Series A, mostly funded by Benchmark Capital. Alternatively, research firm Second Measure puts Uber’s market share of the ride-hailing market at 71%, Lyft on 29%. We know the percentage of female drivers has increased since this Uber data was published, to 27%. This does not tell the whole picture, however. Uber is a ride-hailing app, that allows consumers to order a private or shared car with a few taps of a mobile app, with payment taken automatically from users’ accounts. Reported satisfaction with Uber’s 180 Days of Change Initiative. Operating in the huge Southeast Asian market, however, it can post some impressive numbers in terms of user base – albeit not quite as imposing on the financial side. Uber actually posted $1 billion profit in 2018, though this is related of the Q1 2018 sale of regional businesses in Southeast Asia and Russia to Yandex and Grab respectively. For a Lyft ride, one is required to download and install the Lyft mobile App on his/her android … According to GlobalWebIndex Uber statistics , US users generally seem to mirror the population itself, being split evenly along gender and income lines. It operates in 4 segments Uber pool, Uber GO, Uber X, and Uber XL. With the exception of the Softbank recalibration, the value has been on the up since. Although smartphone penetration is satisfactory, Ithe country still struggles with poor internet connectivity and transport infrastructure. Thrifty employers may note that that average taxi rides cost nearly $35, while Lyft and Uber rides average at $25 and $26 respectively. The situation with Grab is different, particularly given Uber’s stake in the company. In the end, Uber IPO price was set at $45, giving a value of $82.2 billion, and raising a total of $8.1 billion. One of the reasons Uber competitors have been so roundly beaten here is due to the considerably larger size of its fleet. Uber profit/loss by segment, Q1 2020, USD millions. While we’re some way from that vision of the future being realised, food delivery service Uber Eats is already operating successfully in hundreds of cities across the world, and Uber Freight is gaining traction. The report attempted somewhat unsatisfactorily to explain why this disparity existed. Total number of rides in particular is likely to have shot up, given the huge number of daily rides. A more recent report (2017/18) shows roughly unchanged figures, with 114,000 private hire drivers to 24,000 black cab drivers. Like Travis Kalanick before him (Uber reportedly burned through $11 billion before 2018), it is thought current CEO Dara Khosrowshahi places more stock in growth than balancing the books; this is perhaps a good stance to take when we consider current Uber financials. The claimed that drivers earned a median $90,000 in New York, or $74,000 in San Francisco. Despite these challenges, CNBC still rated Uber 2nd on its list of most disruptive companies in the world in 2018, beaten only by SpaceX. Uber is reportedly looking to move into new markets, including scooter rentals, buses, and bicycles. The service was originally known as UberFRESH when launched in California. Annual Uber trips totalled 6.9 billion in 2019, up on 5.2 billion in 2018. Average cost of 10km Uber ride around the world. Uber loss for Q1 2020 stands at $2.9 billion, at a margin of 24% of net . Reports indicate that the Uber stock sold out within three days of going on an investor road show at the end of April/beginning of May 2019, with all 180 million shares snapped up by eager investors. (The Tokyo figure of $40.86 is skewed by the available level of service being limited to the premium UberBLACK). Khosrowshahi has gone so far as to say he does not move towards profitability too quickly, rather investing in growth areas like food and freight. Lyft has taken some market share from Uber in New York, claiming 15% in Q1 2019, and Atlanta (24% – up from 16%). Toyota, Denso, and SoftBank invested $1 billion in March 2019. It is something of a zero-sum game, as one of the reasons it is able to offer lower fares is, sadly, by not always treating its drivers as well as one would hope. You may like: Uber Alternatives to Look Out For. They just take a little bit from each one. 2016 figures pegged investment at a monthly $20 million, while the 2018 levels was estimated to be $457 million. As of 2020, Uber’s market cap is $57.44 billion. While Uber Eats certainly has established itself on the market, moving to become market leader seems to be just out reach. Uber Eats revenue includes Postmates. In London, its license renewal was denied in September 2017, though it continues to operate in the city as it appeals the decision and attempts to come into compliance with fit and proper operator regulations. See below the Uber vs. Lyft section below to learn the average monthly sum spent on Uber in various US cities, in comparison with Lyft. Uber was the first mover in terms of ride-hailing apps. Deliveroo may have the edge over Uber Eats in certain European markets, but the latter enjoys a sizeable lead in France alongside its closer-ran edge in the UK. In a sense, they provide both the drivers and riders a service with their perspective apps. Since this point, the contribution to Uber revenue made by each the four regions has been relatively consistent. This happened in December of 2011, not even a year after launching in San Fran. Uber announced, however, an intention to continue self-driving car research in Pittsburgh, albeit with operations scaled-down. Ola holds a market share of 58% (app-based/organized taxi market). Uber drivers earn less than the legal minimum wage in certain locations. Pay was the most important thing for 55% of Uber drivers according to the same survey, though a not-insignificant proportion reported that flexibility was their number one concern. Uber claims a 65% market share in the US & Canada, Latin America, Europe, Australia and New Zealand, and the Middle East and Africa regions, and a 50% in India, as of Q4 2019. The latter comes closest to challenging Uber’s superiority in Atlanta and Chicago, where the ratio is narrowed to 3:1. Uber Eats’ revenue contribution looks considerably less impressive when we look at net. Fair or not, the Uber market share is undeniably massive and isn’t going anywhere. In March 2019, Uber secured $1 billion in investment (led by Softbank alongside Toyota), and restructured the company in order to designate driver-less car research as a separate corporate entity, valued at $7.25 billion. Freight on the other hand seems to offer a more reassuring picture. The survey also produced some other interesting findings. At this stage, Uber drivers were most likely to be aged from 30-49, and to be non-white. Launched in August 2014, the app allows users to order food for delivery from participating local restaurants. One in five reported using both. Uber CFO Nelson Chai claimed in a February 2019 statement that Uber Freight – a trucking business – was gaining traction in the US. Dara Khosrowshahi said the app had a bookings run rate of $6 billion as of May 2018. The first operates solely in the US market (and a tiny part of Canada), while the latter two operate in the lucrative Southeast Asian and Chinese markets respectively. Respondents to the Ridester survey were split 50:50 between those who were full-time Uber drivers, and those who drove in addition to other sources of income. As we might expect, more full-time Uber drivers would prefer the status of full-time employee. Uber controls 40% of the market in India – the world’s third-biggest. The final piece of the puzzle (supposedly) is the the routes taken and neighbourhoods in which drivers operate. Uber officially launches in Lagos, Nigeria, expanding its presence to Western Africa. It remains a significantly smaller enterprise for now. All this is part of a journey to become a ‘superapp’; one for which, says CEO Dara Khosrowshahi, cars will be as books were for Amazon – a mere launchpad in journey toward global business domination. While its IPO has been less successful than anticipated, it would be shortsighted to write it off at this point. The days of uneasily watching taxi meters climb upwards and upwards, or tackling underfunded and occasionally dangerous public transport networks in many parts of the world, are distinctly over (or at least are so for those with the requisite levels of income). Uber Eats reportedly controls 29 percent of global food delivery market ; Uber Eats was the most downloaded food delivery app worldwide in Q2 2020 (SensorTower) In Uber’s IPO, it said it had captured one percent of the $795 billion restaurant ordering market Best and worst Uber hourly earnings in the US. On the subject of livelihoods, one of the reasons Uber has been able to undercut traditional taxis is its cheapness. This table above uses the latest available official data – in most cases the numbers are likely to be higher in real terms. Janaury 2018 saw the sale of $9.3 billion of Uber stock to a SoftBank-led consortium. More significant growth in 2019 will be offset by a coronavirus-related slowdown in 2020. Uber is available across the world. They found average Uber earnings for UberX drivers were $13.70 per hour, increasing to $14.73 with an added tip (though over a third of UberX drivers reported receiving no tips at all). Chicago taxis hold the second-highest share, at 14%, though have suffered a 10% decline since 2018, falling from 24% to 14%. They offered a product that helped people get around reliably and conveniently. Homepage » Business » The Latest Mind-Blowing Uber Market Share Statistics In 2020. As of April 2017, it had partnered with 46,000 restaurants around the world. In early 2017, Uber was forced to pay out $20 million to settle a claim that they had mislead drivers as to how much they stood to earn in certain cites. Here, we can see that the most mature rides business actually now runs in the black. The pressure is on, therefore, to produce something that is viable in the near future, ensuring tragedies such as that of March 2018 do not occur again. Perhaps the novelty had warn thin? According to Certify, Uber was the most expensed vendor by US business travellers in 2019 accounting for 12.6% of the total transactions made (share of expense receipts). The stock market, however, is sensitive to shocks. separate corporate entity, valued at $7.25 billion, including scooter rentals, buses, and bicycles, Uber has raised a total of $24.7 billion in funding over 26 rounds, $9 billion investment led by Japan’s SoftBank, The Saudi Public Investment Fund was reported to be down $1 billion, PayPal to come out of its last-minute investment looking good, Toyota set Uber’s valuation at $72 billion, Uber was targeting an even higher valuation of $120 billion, In the run-up to the Uber IPO, this was rounded down to a more plausible $90 billion, $82 billion when it came to the event itself, top-three most-valuable firms to debut on a US exchange, CFO and COO have been hired by Khosrowshahi, sold out within three days of going on an investor road show, 18.7 million trips per day on average Q1 2020 (, Uber available in over 900 cities globally, in 93 countries (, Uber owns ~37% stake in Yandex Taxi in Russia, ~19% stake in Grab in Southeast Asia, and ~15% share in Didi Chuxing in China (, Uber claims 65% market share in the US and Canada, Latin America, Europe, Australia and New Zealand, and the Middle East and Africa regions, and a 50% market share in India (, Uber accounted for 12.6% of US business expenses over 2019, and 73.2% of ride-hailing expenses (, Uber rides margin at 23.5% in Q1 2020 (EBITDA vs net revenue) (, Uber Eats US market share at 22% as of May 2020 (, Uber Eats accounted for 25.6% of US business expense receipts for food delivery (, Uber Eats US revenue share estimated to rise to 27% (, Average annual spend per consumer on Uber Eats at $220.37 (, 3,045 sexual assaults, nine murders, and 58 deaths from accidents during Uber trips in the US, 2017-2018 (Uber via, Uber investment levels stand at $24.7 billion, pre-IPO, Average Uber driver income is $364/month (, US Uber and Lyft drivers’ median hourly rate can be as low as $8.55 (, 40.9% of Uber drivers are women as of 2019, up from 36.1% in 2017 (, Female Uber drivers have been found to make 7% less than male drivers – or $1.24 per hour less (, Female Uber driver turnover stands at 76% every six months, compared to 60% for men (, Key rival Lyft brought in $3.6 billion of revenue in 2019 (, Lyft has 2 million drivers, who serve over 21.2 million active riders per quarter (, Asian rival Grab is estimated to have brought in $2.3 billion in 2019 (, 36 million riders collectively used Grab 2.5 billion times, served by 2.8 million drivers, as of 2018 (, Chinese rival Didi Chuxing is the biggest international rival, valued at $56 billion (, Didi Chuxing claims that its 21 million drivers provide 30 million rides daily (. Uber, as we all know by now, runs at a significant loss. Uber vs. Lyft rating by business travellers. This would still put Uber in the top-three most-valuable firms to debut on a US exchange (after Alibaba and Facebook). Uber gross bookings per segment, Q1 2020, USD millions. A lawsuit followed, with Waymo winning a $245 million equity stake, and a promise that Uber would work with its rival to ensure that all its technology was its own. Uber makes a lot of money, but it loses a lot more. Since it was founded in 2009, Uber has transformed the ride-hailing industry and grown to become the most valuable companies in the world. However, Uber is worth well over $50 billion dollars and we’ve yet to see any drivers upgrading to Lamborghinis. This is down on the 38% year-on-year growth reported in Q3 2018. Before this point, Uber enjoyed a higher share, declining from a high of 87% in January 2016. It will be interesting to see how things play out in these markets. The market share of Uber-like Taxi businesses in the ride-hailing market is estimated to be between 72- 75%. The five billion mark had been reached as recently as June 2017. We might note that both Uber and Lyft fleets have been gradually declining since hitting peak numbers in 2019, due to the imposition of various regulations in NYC. Uber enjoys the widest lead in Miami, with around 4.5 times as much business traffic as Lyft. Consequently its license to test in Arizona was withdrawn, and it held back on reapplying for a new license in California until it fully investigates the findings. Uber freight is an impressive performer here, accounting for 4% of net revenue, compared to 1% of gross bookings. As a side note, it seems that automated Ubers will not make your ride cheaper in the short-term at least…. Riders want a reliable and affordable way to get from A to B. Here’s All You Need To Know, Reasons To Hire Local Digital Marketing Services For Your Business, How to Identify Leaks In Your Retail Sales Using Data, 3 Reasons to Hire an SEO Professional for Your Business, Betting On Sports – How to Bet On Sports for Beginners, Lead Generation In a Nutshell: 4 Secrets to Landing Your Dream Client. You can opt out anytime. The second reason was experience – more experienced drivers tend to earn more money. Uber’s cut is around 25% of gross bookings – so taking this into account, we get what Uber calls the ‘net revenue’ figure. The most surprising statistic is that nearly half were in possession of a college degree. Figures dating back to 2016 set levels at the lower, albeit still high levels of $20 million per month. Most also gave a middling score to the level of employee service (3.1 out of 5). The company intended to raise $8-10 billion from the Uber IPO, with Uber stock priced at $44-50 a share. 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