Why UBER up and LYFT down on Q3?

$Lyft, Inc.(LYFT)$ released a mixed Q3 earning after close November 7th. As the revenue missed expectations and the Q4 guidance down, it plunged 14%.

A few days ago,$Uber(UBER)$, its biggest rival, has showed strong Q3 financial report and rewarded by the market. UBER's Q3 revenue and EBITA both exceeded expectations, and Q4 guidance was stronger than market expectations.

LYFT's Q3 revenue of US $1.054 billion, up 7.2% year-on-year, slightly less than the market expectation of US $1.055 billion, while EBITDA was US $66.2 million, which was the same as the same period last year.

Both UBER and LYFT has benefited from the recovery of traveling. UBER has international business. Due to the influence of strong US dollar, its total orders in US dollars are slightly less than expected (-1%), but UBER's monetization efficiency is higher (Take Rate is higher than market expectation), so the overall revenue beats, partially by business change.

LYFT not only did not give more detailed data, but also fell short of expectations from the income level. The market would not care so much, and it would definitely feel that its monetization ability was worse.

Of course, it is also related to the business methods of both. After all, LYFT is a pure travel business, at best, it plays sharing with different tricks, while UBER has a completely different take-out business.

$Meituan(03690)$+$DiDi Global Inc.(DIDIY)$, and simple$DiDi Global Inc.(DIDI)$Which one do you choose?

Another important reason is the guidance to Q4. UBER's expectation exceeds the market expectation consensus in all directions, but LYFT is just the opposite. It is estimated that Q4's revenue will be between 1.145 billion and 1.165 billion US dollars, and the median value is slightly lower than the market expectation consensus. 11.6 US dollars; EBITDA is expected to be between US $0.8-100 million, with the median slightly lower than the market expectation of US $93 million.

In these two quarters, the market paid more attention to the guidance for the next quarter, that is, the prospect.