To this day, Uber and Lyft remain two of the most intriguing publicly traded companies. Their cash burn is real: the companies lost a combined $10 billion dollars in 2019 alone. However, the promise of big future returns keeps the companies well funded and locked in an everlasting battle.

Even though both companies are deep in the red, their combined market cap stands at $81.5 billion dollars. Uber is now worth $68.1 billion to Lyft's $13.5 billion, which means Lyft's market cap is just about a fifth of Uber's. It doesn't look like much of a competition, but looks can be deceiving. Uber runs a global empire, while Lyft is active in a handful of countries. To be able to compare their operations, we'll focus on their biggest market: The US.

The biggest takeaway from our research is that in the US, Lyft is closing in on Uber.

Let's see how Lyft is closing the gap by exploring the trends in Similarweb's data in three crucial metrics: Install Penetration, Daily Active Users (DAUs), and Downloads.

On March 4, 2020, Similarweb and Second Measure are hosting a webinar on the ride-hailing industry. Save your seat here to join us for live exclusive insights!