Investors October 29, 2019 在线视频
What to Expect from Lyft’s Q3 2019 Earnings Report
Following a positive Q2 earnings report, Lyft’s stock price has rebounded again and reached YTD lows. We have explored some of the digital data behind the company to get an idea of what to expect from Lyft Q3 2019 earnings report:
- There is a strong correlation between Lyft’s Reported Active Riders and SimilarWeb’s install penetration metric (R2=0.98)
- The percentage of Android devices in the US with the Lyft app installed experienced a 21%YOY growth in Q3 2019
- Uber’s Android app has a much higher install penetration than Lyft’s – however YOY growth is negative, whilst Lyft’s YOY growth is positive
As mentioned in the blog post we published last quarter在线视频 there is a strong correlation (R2 = 0.98) between Lyft’s Reported Active Riders and SimilarWeb’s install penetration metric – the percentage of Android apps with the Lyft app installed.
So did Lyft’s install penetration in the US grow in Q3 2019?
Lyft’s Android app experienced 21% YOY growth in Q3 2019, compared to 38% in Q2 and 101% one year ago.
What’s going on at the competition?
Despite Uber’s Android app having a significantly higher install penetration than Lyft’s in the US, we see that in Q2 2019 Uber started to experience a decrease in install penetration in the region.
Whilst Lyft is managing to maintain positive YOY growth in install penetration.
在线视频Looking at the Lyft Driver app also provides insights into the health of the company. In theory, the more drivers available, the shorter time riders have to wait for a ride, the more likely riders are to use the app again in the future compared to having a long wait.
Are daily active users (DAUs) of Lyft’s Driver app increasing? And what about visits to Lyft’s account management page? Download the data to find out.