Q1 2023: Uber Approaches Profitability, Lyft Struggles

Uber Approaches Profitability

Share This Post

Uber’s results reflect a clever strategy of hedging against weaknesses in driver recruitment and retention as well as weakness in demand. Lyft has turned to layoffs to compete with Uber almost exclusively on price. The strengths and weaknesses of these strategies are revealed in the latest quarterly report.

Read the full report

Sign up for latest analysis, news and insights from TechInsights!

Stay informed about TechInsights’ products, services, and events. Email collection adheres to TechInsights’ Privacy Policy.

Revealing the innovations others cannot inside advanced technology products

General Inquiries


1891 Robertson Rd #500, Nepean, ON K2H 5B7