Lyft's Volume Plummets to 316th as Uber Expands Ride-Hail Dominance

Lyft (LYFT) closed on September 24, 2025, with a 0.09% decline, trading at a volume of $330 million, a 32.37% drop from the previous day's activity. The stock ranked 316th in trading volume among equities, reflecting subdued investor interest amid broader market dynamics.

Competitive pressures intensified as Uber Technologies (UBER) continued to expand its dominance in the ride-hailing sector. Uber's monthly active platform consumers surged to 171 million by 2024, with its U.S. market share rising to 76%—a 5-point increase since 2020—while Lyft's share fell to 24%. Uber's growth was driven by its subscription-based Uber One platform, which grew 60% year-over-year to 30 million subscribers by year-end 2024, alongside expanded delivery services and cost-conscious rider options.

Uber's financial performance further highlighted its competitive edge. Annual revenue nearly quadrupled from $11.1 billion to $44 billion between 2020 and 2024, with adjusted EBITDA turning positive in 2022 and growing nearly fourfold by 2024. Analysts project 17% revenue growth and 34% adjusted EBITDA growth for Uber in 2025, valuing the stock at 23 times this year's adjusted EBITDA. In contrast, Lyft trades at 11 times its adjusted EBITDA but faces slower growth and eroding market share.

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