Lyft and Uber both reported earnings — both losing a lot of money

Uber and Lyft should start side-hustle Ubering and Lyfting... The ride-hail pioneers announced earnings with 1 main theme: they're making huge losses. Uber lost a shocking $5.2B (but that's mostly caused by one-time IPO costs). Lyft's loss was a lot smaller at $644M, which makes sense because it's a much smaller company.

"Shareholders, how was your ride?"... Rough. Both stocks dropped by at least 5% Friday after experiencing both reports. Here are the Q2 scorecards for the 2 gig rivals:

• Revenue (Point Uber 🖤): Uber brought in $3.2B of cash from April - June (even after drivers get paid) compared to Lyft's cute $868M.
• Revenue growth (Point Lyft 💖): Lyft owns this. Uber is post-puberty, with revenues growing an all-time slow 14% last quarter. Lyft's voice is still changing, as revenues busted 72% higher.
• Who takes a bigger cut of each fare (depends if you're a user or a shareholder): Both companies make this percentage hard to find. A recent report shows Uber takes 22% of each fare (leaving drivers with 78% of your post-Trader Joe's haul back home), and Lyft takes more at 26.8%.
• Panic button (Point Uber 🖤): A Washington Post report last week highlighted several women who felt Lyft didn't handle their allegations of driver harassment well — and it requires several "clicks" in the app to report an emergency. Uber takes just 1 click.