Uber is the largest on-demand ridehailing provider in the world. It has matched riders with drivers completing trips over billions of miles and, at the end of March 2025, has 170 million customers using its ridehailing or food delivery services at least once a month. We view Uber as a leader in the fast-growing ridehailing and delivery markets, which we expect to grow at least 15% annually until 2032. The firm faces ridehailing competition from players such as Lyft (mainly in the US), but Uber is the clearly superior network.
