Core Viewpoint - The rideshare market is growing, and investors are evaluating whether to invest in Lyft or Uber, with Lyft showing a significant turnaround in 2025 [2][3]. Group 1: Company Performance - Uber has historically outperformed Lyft, with a total return of 137% since going public, while Lyft has seen a 56% loss [2]. - Lyft's stock has increased by 75% year-to-date in 2025, surpassing Uber's performance [2]. - Uber's revenue grew by 18% year-over-year to $12.7 billion, while Lyft's revenue grew by 11% to $1.6 billion [5]. Group 2: Market Position and Growth - Uber's growth is attributed to its international market exposure and additional services like food and grocery delivery, while Lyft's market share in the U.S. has increased from 26% to 30%-31% [6]. - Lyft's CEO noted the growth in rideshare market share, but Uber's revenue growth remains strong despite Lyft's reduced market share [6]. Group 3: Business Model and Optionality - Uber has more optionality, meaning it can easily add new products and services, while Lyft is currently limited to ridesharing [8]. - Uber's global operations and diverse service offerings create a competitive advantage over Lyft, which is focused solely on ridesharing [8][9]. Group 4: Valuation Comparison - Lyft has a price-to-sales (P/S) ratio of 1.55, compared to Uber's P/S ratio of 4.49, indicating that Lyft is cheaper [12][13]. - Despite Uber's advantages in revenue growth and optionality, Lyft's lower valuation and potential for profitability expansion make it an attractive option for investors [13][14].