Lyft says it passed 1 billion in revenue last year and is growing faster than Uber

Uber is still much bigger but Lyft is still alive.

Lyft, the main U.S. ride-sharing rival to Uber, says today that it passed $1 billion in revenue in 2017. And it says its revenue grew 168 percent year over year in the fourth quarter of 2017, almost three times faster than Uber’s reported 61 percent growth.

Uber, of course, is still much larger than Lyft — it generated a reported $7.5 billion in revenue last year and operates in many more cities and countries. While its fourth-quarter growth may have been smaller than Lyft’s percentage-wise, it was still almost certainly many times larger dollar-wise. Both companies are still unprofitable. See full story here.