Uber’s valuation appraisal more complex than Lyft’s, says professor
5 years, 8 months ago

Uber’s valuation appraisal more complex than Lyft’s, says professor

Live Mint  

Uber Technologies Inc. isn’t exactly Lyft Inc., said Aswath Damodaran, a finance professor at New York University’s Stern School of Business, but the market will price them relative to each other. The two ride-sharing companies are making their debuts in the equity capital markets, with Lyft going public at the end of last month, and Uber filing its prospectus last week. That’s because it’s not purely a ride-sharing company and also derives revenue from its food delivery service, Uber Eats, as well as smaller bets such as Uber Freight, Damodaran said. Damodaran, an author of multiple books on valuation and corporate finance, arrived at a $61.7 billion in equity value after his analysis, or $54 a share, when adding up Uber’s assets.

Company Billion Uber Ipo Lyft Its Ipo Damodaran Valuation Appraisal  lyfts  lyft  ridesharing  professor  valuation  appraisal  uber  billion  ubers  value  complex  priced  company  damodaran  ipo

History of this topic

Lyft Soars on Strong Earnings Outlook Bolstered by Record Trips
2 months ago

Lyft Soars on Strong Earnings Outlook Bolstered by Record Trips

Live Mint  

-- Lyft Inc. shares surged in late trading after issuing strong earnings guidance for both this quarter and the full year, signaling that the ride-hailing service’s plan to attract more commuters is working. The San Francisco-based company said fourth-quarter adjusted earnings would total as much as $105 million, far surpassing analysts’ estimates of $85 million. Lyft’s earnings serve as a …

Lyft shares suffer biggest fall in more than a year, even as it reports first quarterly profit
5 months ago

Lyft shares suffer biggest fall in more than a year, even as it reports first quarterly profit

Associated Press  

Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors. Shares of Lyft were down close to 13% in midday trading to $9.54 per share, even as the San Francisco company turned in its first quarterly profit, earning $5 million. Lyft defines gross bookings as the …

Lyft’s CEO David Risher says ‘My bad’ on margin error, ‘It was one zero’
10 months, 3 weeks ago

Lyft’s CEO David Risher says ‘My bad’ on margin error, ‘It was one zero’

Live Mint  

Lyft Inc. Chief Executive Officer David Risher’s response to a clerical error that unintentionally inflated the company’s earnings outlook on Tuesday and sent shares soaring: “My bad.” “First of all, it’s on me,” Risher said in an interview with Bloomberg Television on Wednesday, taking the blame for a typo in a company press release Tuesday that erroneously projected a particular …

Lyft shares rocket 62% over a typo in the company’s earnings release
10 months, 3 weeks ago

Lyft shares rocket 62% over a typo in the company’s earnings release

Associated Press  

Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms — or “bots” — into a buying frenzy. Lyft’s fourth-quarter report initially forecast that an important profit metric was expected to climb by 500 basis points, or 5%, in 2024. Shares …

Uber set to join the S&P 500 index in latest sign of a turnaround for the ride-hailing service
1 year, 1 month ago

Uber set to join the S&P 500 index in latest sign of a turnaround for the ride-hailing service

Associated Press  

LOS ANGELES — Uber’s stock is set to join the S&P 500 index later this month, the latest sign that the ride-hailing and delivery company is turning its business around after struggling through much of the pandemic. The San Francisco company will be added to the benchmark index prior to the opening of regular trading on Dec. 18, S&P Dow …

Lyft's new CEO tackles a job requiring some heavy lifting
1 year, 8 months ago

Lyft's new CEO tackles a job requiring some heavy lifting

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mobile tracking data compiled by wireless network testing firm …

Lyft to 'significantly' cut jobs in new CEO's first major move
1 year, 8 months ago

Lyft to 'significantly' cut jobs in new CEO's first major move

The Hindu  

Lyft Inc. CEO David Risher said on Friday the ride-hailing company will "significantly" cut jobs in another round of layoffs to reduce costs, sending its shares up about 4%. The company declined to provide details on the number of affected staff, but the Wall Street Journal reported earlier in the day the move could impact 30% of Lyft's workforce, or …

Uber prices will rise to meet the company’s newly urgent quest for profits.
2 years, 7 months ago

Uber prices will rise to meet the company’s newly urgent quest for profits.

Slate  

Recently I was talking with an executive who used to work in car-sharing—the wave of companies, led by Zipcar and car2go, that tried to disrupt automobile ownership in the 2010s. That is because Uber has lost an astounding sum since its founding in 2009, including more than $30 billion in the five-odd years since the company’s finances became public. “The …

Uber posts 4Q profit as ride-hailing service bounces back
2 years, 10 months ago

Uber posts 4Q profit as ride-hailing service bounces back

Associated Press  

SAN RAMON, Calif. — Uber’s ride-hailing service edged closer to returning to its pre-pandemic levels during the final three months of last year, but its prospects remain clouded by the future direction of the novel coronavirus that has plagued its business. But Uber’s forecast for the current January-March period was slightly below what Wall Street had been hoping, suggesting that …

Lyft’s results show pain but also hope as some riders return
4 years, 1 month ago

Lyft’s results show pain but also hope as some riders return

Associated Press  

NEW YORK — Lyft is still feeling the pandemic’s severe impact on the ride-hailing industry but its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down. “Bikes and scooters were a bright spot during the quarter, further validating our diversified approach transportation,” said John Zimmer, president and co-founder of Lyft. Ride-hailing companies …

Lyft says it won’t be profitable until 2021, disappointing investors
4 years, 10 months ago

Lyft says it won’t be profitable until 2021, disappointing investors

LA Times  

Lyft Inc. quarterly results and guidance for 2020 disappointed investors who punished the ride-hailing company for not promising profits sooner. Lyft’s results come a few days after larger rival Uber Technologies Inc. reported quarterly numbers that blew past analysts’ expectations and announced that it was moving up its target for profitability. “In 2020 we expect strong top line growth as …

Uber Q3 revenue shoots up to 30 percent to $3.81 billion, Uber Eats acts as a boon
5 years, 2 months ago

Uber Q3 revenue shoots up to 30 percent to $3.81 billion, Uber Eats acts as a boon

Firstpost  

Revenue from Uber’s ride-hailing business rose to 19 percent while sales from its Uber Eats rose 64 percent. Uber Technologies Inc on Monday beat Wall Street estimates for third-quarter revenue, as more people used its ride-hailing and Uber Eats restaurant delivery service. Total revenue rose nearly 30 percent to $3.81 billion, beating analysts’ average estimate of $3.69 billion, according to …

Uber earnings: company lost more than $1 billion in the third quarter
5 years, 2 months ago

Uber earnings: company lost more than $1 billion in the third quarter

CNN  

New York CNN Business — Uber is still reporting steep losses but its revenue growth is showing some promise. On Monday, the ride-hailing company <a href="https://investor.uber.com/news-events/news/press-release-details/2019/Uber <a href="> -Announces-Results-for-Third-Quarter-2019/default.aspx” target=”_blank”>reported it lost $1.16 billion during the third quarter including $401 million in stock-based compensation expenses related to its public offering in May. On a conference call with analysts to discuss …

Uber and Lyft both hit all-time lows and continue to struggle since their IPOs
5 years, 4 months ago

Uber and Lyft both hit all-time lows and continue to struggle since their IPOs

CNN  

New York CNN Business — Uber and Lyft have been huge flops since they debuted on Wall Street earlier this year. Both companies recently lost massive amounts of money — Uber posted a more-than $5.2 billion loss in the second quarter, while Lyft reported a loss of nearly $650 million. Investors are also growing skeptical about the ability of Uber, …

Uber won’t be profitable for years, and we’re not going to have a huge profit margin, says CTO
5 years, 6 months ago

Uber won’t be profitable for years, and we’re not going to have a huge profit margin, says CTO

CNN  

Hong Kong CNN Business — Uber will take at least “a few years” to become profitable, according to one of the ride hailing firm’s top executives. The industry right now “is very competitive,” Uber’s chief technology officer Thuan Pham said at a tech conference in Hong Kong on Tuesday. “We have local competitors everywhere trying to aggressively expand to grow …

Uber posts $1bn loss, weeks after stock market float
5 years, 7 months ago

Uber posts $1bn loss, weeks after stock market float

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Uber revealed a $1bn loss …

Column: As was predicted, Uber’s IPO means you’ll be paying higher fares for your rides
5 years, 7 months ago

Column: As was predicted, Uber’s IPO means you’ll be paying higher fares for your rides

LA Times  

Uber’s first-quarter earnings report released Thursday — its first since the ride-hailing company went public on May 10 — disclosed more than the financial condition of the company. — Uber CFO Nelson Chai During their conference call with investment analysts following the company’s earnings release Thursday, Uber’s leadership didn’t say explicitly that fares would be rising. “Uber’s growth to date …

Uber IPO may have flopped but some unicorns are alive and well
5 years, 7 months ago

Uber IPO may have flopped but some unicorns are alive and well

CNN  

New York CNN Business — 2019 hasn’t been a magical year for unicorns. But the recent weakness isn’t necessarily a bad sign for Slack — or Airbnb, WeWork or other high profile private unicorn companies that are expected to be considering IPOs later this year or in 2020. It’s no surprise to see lesser-known software companies thrive as public companies, …

Banker gives inside look at why Uber and Lyft IPOs failed to live up to the hype
5 years, 7 months ago

Banker gives inside look at why Uber and Lyft IPOs failed to live up to the hype

CNN  

New York CNN Business — Uber and Lyft were two of the most highly anticipated IPOs in recent memory. The high-profile flops demonstrate the need for money-losing companies to do a much better job explaining how they’ll eventually make money, according to Carter Mack, whose investment bank helped bring Uber and Lyft public. The disappointing debuts of Uber and Lyft, …

Uber shares add to losses as CEO expects further pressure
5 years, 7 months ago

Uber shares add to losses as CEO expects further pressure

Live Mint  

Uber Technologies Inc's shares fell 12% on Monday, more than doubling their losses since the ride-hailing giant's poorly received market debut, and its chief executive officer said he expected the stock to remain under pressure in the coming months. Uber lowered its valuation expectations twice in the past two months to address investor concerns over its mounting losses, and finally …

Uber CEO expects further pressure as falling shares more than double losses; says stock did not trade as well as hoped post-IPO
5 years, 7 months ago

Uber CEO expects further pressure as falling shares more than double losses; says stock did not trade as well as hoped post-IPO

Firstpost  

Uber’s market capitalization has fallen to about $61 billion since its IPO on Thursday, still larger than Wall Street heavyweights including General Motors and FedEx Uber Technologies Inc’s shares fell 12 percent on Monday, more than doubling their losses since the ride-hailing giant’s poorly received market debut, and its chief executive officer said he expected the stock to remain under …

Uber's Underwhelming IPO, Lyft Earnings and More Car News This Week
5 years, 7 months ago

Uber's Underwhelming IPO, Lyft Earnings and More Car News This Week

Wired  

Finally, after much ink spilled and many hours prognosticating, it happened: Uber started trading on the stock market. One thing you don’t want to hear from inside a self-driving race car as it preps to make a hairpin turn: “This one’s going to be a little fast.” General Motors’ autonomous vehicle unit, Cruise, raises another $1.15 billion. A global strike …

Uber’s IPO joins ranks of Wall Street flops
5 years, 7 months ago

Uber’s IPO joins ranks of Wall Street flops

Live Mint  

New York: It was to usher in nothing less than a new era for Wall Street. Done in by a broad stock market selloff and a weak earnings report posted by its primary rival, Uber plunged immediately at the opening of trading, falling as much as 8.8% from its IPO price of $45 per share, a level that was already …

Uber's market debut sours most anticipated IPO since Facebook; only about a fifth of IPOs have ended first day of trading in red
5 years, 7 months ago

Uber's market debut sours most anticipated IPO since Facebook; only about a fifth of IPOs have ended first day of trading in red

Firstpost  

Uber’s IPO was a watershed moment for the decade-old company, which was started after its founders struggled to find a cab on a snowy night. Uber Technologies Inc’s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of the most anticipated listing since …

Uber’s hyped-up IPO hits a few potholes on its first day
5 years, 7 months ago

Uber’s hyped-up IPO hits a few potholes on its first day

Associated Press  

NEW YORK — After much hype leading up to the largest initial public offering in five years, Uber hit a few potholes on its first day of trading, closing down 8% and reflecting lingering doubts about its future prospects for profitability. “It was a tough week to go public, but we got it done.” Uber’s IPO price was lower than …

A Bet on Uber Is a Bet on Self-Driving
5 years, 7 months ago

A Bet on Uber Is a Bet on Self-Driving

Wired  

On Friday morning, Uber executives rang the opening bell of the New York Stock Exchange as their 10-year-old, $82 billion company went public. But the most important activity Friday for Uber’s future may happen 370 miles away, in Pittsburgh, headquarters of the company’s Advanced Technologies Group. If it works, that self-driving technology might finally lead the ride-hailing company to the …

Uber prices IPO conservatively at $82.4 bn, hopes it will spare ride-hailing firm trading woes of rival Lyft
5 years, 7 months ago

Uber prices IPO conservatively at $82.4 bn, hopes it will spare ride-hailing firm trading woes of rival Lyft

Firstpost  

The IPO still represents a watershed moment for Uber, which has grown into the world’s largest ride-hailing company since its start 10 years ago. However, the IPO still represents a watershed moment for Uber, which has grown into the world’s largest ride-hailing company since its start 10 years ago. Uber’s valuation in the IPO is almost a third less than …

How much is an idea worth? In Uber’s case, $3.7 billion
5 years, 7 months ago

How much is an idea worth? In Uber’s case, $3.7 billion

Hindustan Times  

How much is a great idea worth? “He’s an incredible idea generator,” says Tim Ferriss, a friend and self-help author who invested in Uber after Camp pitched him the idea at a bar in 2008. Kalanick helped recruit Ryan Graves as Uber’s first CEO with a tweet promising “BIG equity, big peeps involved.” Graves spent his first six months getting …

Uber’s crazy ride: From cool app that saves time to biggest IPO in years
5 years, 7 months ago

Uber’s crazy ride: From cool app that saves time to biggest IPO in years

Live Mint  

How much is a great idea worth? “He’s an incredible idea generator,” says Tim Ferriss, a friend and self-help author who invested in Uber after Camp pitched him the idea at a bar in 2008. Kalanick helped recruit Ryan Graves as Uber’s first CEO with a tweet promising “BIG equity, big peeps involved.” Graves spent his first six months getting …

Uber makes its Wall Street debut
5 years, 7 months ago

Uber makes its Wall Street debut

CNN  

New York CNN Business — For nearly two years, Uber raced to rebuild its executive bench, overhaul its internal culture and repair its tarnished brand after suffering a long list of PR crises, all with the stated intention of being ready to go public in 2019. Shares of Uber fell more than 7% on its first day of trading Friday, …

Uber shifts into lower gear, prices IPO at $45
5 years, 7 months ago

Uber shifts into lower gear, prices IPO at $45

Associated Press  

SAN FRANCISCO — Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years. The price is at the lower end of its targeted range of $44 to $50 per share, a decision that may have been driven by the escalating doubts about the ability of ride-hailing services to …

Uber sets IPO pricing
5 years, 8 months ago

Uber sets IPO pricing

CNN  

CNN — The most hyped IPO of the year turned out to be smaller than some expected. At the top end of that proposed price range, Uber would have been valued at $91 billion on a fully diluted basis, an impressive sum but well below the $120 billion valuation that bankers had once reportedly suggested to the company. The conservative …

Ride-hailing drivers expose financial unrest before Uber IPO
5 years, 8 months ago

Ride-hailing drivers expose financial unrest before Uber IPO

Associated Press  

NEW YORK — The executives at Uber are working hard to design a future where the company earns billions of dollars by allowing riders to summon fully automated robotaxis. “The drivers are the one who helped Uber to be $100 billion, nobody else, and the drivers are the ones who are suffering,” said Inder Parmar, 54, an Uber driver who …

Uber may stumble like Lyft even as other recent IPOs soar
5 years, 8 months ago

Uber may stumble like Lyft even as other recent IPOs soar

CNN  

New York CNN Business — Based on how two high-profile initial public offerings have done lately, Uber might be better off pitching itself as a delivery service for plant-based food via Uber Eats instead of a company that takes passengers from point A to point B. Uber rival Lyft, reported its first results as a public company after the closing …

Uber CEO Dara Khosrowshahi, management team take IPO roadshow to New York as demand builds up
5 years, 8 months ago

Uber CEO Dara Khosrowshahi, management team take IPO roadshow to New York as demand builds up

Firstpost  

Uber is set to price its $10 billion IPO on 9 May, seeking a valuation of up to $90 billion New York: Uber Technologies Inc CEO Dara Khosrowshahi and his top management team took the ride-hailing giant’s investor roadshow for its initial public offering to New York on Tuesday, as demand for its shares already exceeded supply. At a lunch …

Uber takes investor roadshow to New York as demand builds up before its IPO
5 years, 8 months ago

Uber takes investor roadshow to New York as demand builds up before its IPO

Firstpost  

Uber’s IPO is being led by Morgan Stanley, Goldman Sachs Group Inc and Bank of America Corp. Uber Technologies Inc CEO Dara Khosrowshahi and his top management team took the ride-hailing giant’s investor roadshow for its initial public offering to New York on Tuesday, as demand for its shares already exceeded supply. At a lunch presentation in the Mandarin Oriental …

Uber looks to raise up to $9B in initial public offering
5 years, 8 months ago

Uber looks to raise up to $9B in initial public offering

Associated Press  

NEW YORK — Ride-hailing giant Uber is aiming to raise $9 billion in its mammoth initial public stock offering that, while smaller than initially expected, still dwarfs most stock market debuts. The San Francisco-based company expects to be valued at $80.5 billion to $91.5 billion, falling well below prior estimates that rose as high as $120 billion, in a sign …

Uber aims for an IPO valuation of as much as $90 billion
5 years, 8 months ago

Uber aims for an IPO valuation of as much as $90 billion

Live Mint  

Uber Technologies Inc. is aiming for a valuation of about $80 billion to $90 billion in its initial public offering, just above its last private funding round, according to people familiar with the matter. At the lower end of the range the price would value Uber just above its last private funding round, in which Toyota Motor Corp. invested at …

Opinion | Uber’s IPO filing affirms a dangerous business model
5 years, 8 months ago

Opinion | Uber’s IPO filing affirms a dangerous business model

Live Mint  

Last week, in Delhi, I took an Uber cab to the airport from my home, a distance of about 14 kilometres. In Uber Eats, for instance, which has declined for two successive quarters, it is forced to accept a lower rate of revenue to gross bookings, to bring on board what it calls “large-volume restaurants at a lower service fee …

Uber unveils IPO with warning it may never make a profit
5 years, 8 months ago

Uber unveils IPO with warning it may never make a profit

Live Mint  

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its IPO filing. The S-1 filing underscores Uber's rapid growth in the last three years but also how a string of public scandals and increased competition from rivals have weighed on its plans to attract …

Uber unveils IPO with warning it may never make a profit; operating expenses to increase significantly in future
5 years, 8 months ago

Uber unveils IPO with warning it may never make a profit; operating expenses to increase significantly in future

Firstpost  

Although Uber’s user base includes customers of other services as well as ride-sharing, Uber’s 91 million is nearly five times the 18.6 million announced by rival Lyft Inc. New York: Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. …

Uber seeks $10 billion in year’s biggest IPO
5 years, 8 months ago

Uber seeks $10 billion in year’s biggest IPO

Live Mint  

San Francisco: Investors could get their first look at hundreds of pages of detailed information about Uber Technologies Inc as soon as Thursday, as the ride-hailing giant gears up to publicly file for an initial public offering. Prospective investors are hungry for the minutiae, and they’re now armed with ride-hailing rival Lyft Inc’s March listing as a reference point for …

Lyft will be the first ride-hailing company to float its shares
5 years, 9 months ago

Lyft will be the first ride-hailing company to float its shares

The Economist  

U NICORNS ARE horned mythical creatures that do not exist. In the world of technology they have multiplied in recent years, at least if you define them as privately held startups valued at more than $1bn. Ride-hailing apps, which allow passengers to summon cars driven by their owners, form a particularly fertile subspecies. As The Economist went to press on …

Lyft valued at $24.3 billion in first ride-hailing IPO
5 years, 9 months ago

Lyft valued at $24.3 billion in first ride-hailing IPO

Live Mint  

Lyft Inc was valued at $24.3 billion in the first initial public offering of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. Lyft's IPO sets the stage for the stock market debut of larger rival Uber Technologies Inc, which Reuters has reported …

Lyft aims to raise up to $2.1 billion in 2019’s biggest US IPO
5 years, 9 months ago

Lyft aims to raise up to $2.1 billion in 2019’s biggest US IPO

Live Mint  

San Francisco: Lyft Inc. is seeking to raise as much as $2.1 billion in its initial public offering, valuing the firm at almost $20 billion. At the targeted range, the San Francisco-based company’s offering will be the biggest from a tech upstart since Snap Inc. went public two years ago, and the largest in the US so far this year …

Lyft IPO is a pure bet on the US ridesharing market
5 years, 10 months ago

Lyft IPO is a pure bet on the US ridesharing market

CNN  

New York CNN Business — 1. Looking under Lyft’s hood: Lyft appears to have beaten Uber in the race to become the first US ridesharing company to go public. Lyft’s IPO filing will show how, unlike Uber, it’s squarely focused on the booming American ridesharing market. “Lyft is much more a bet on a pure-play US ride-sharing market,” said Asad …

Discover Related