Justin Fox, Columnist

The Cities That Uber and Lyft Are Changing

Even in urban areas, the ride-hailing apps are finding new markets.

October 14, 2016 at 7:12 PM UTC

Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.”

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Photographer: Andrew Harrer/Bloomberg

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Uber now offers rides in more than 200 U.S. cities. Rival Lyft does too.

But Uber gets an estimated 60 percent of its U.S. revenue from just five metropolitan areas (New York, San Francisco, Los Angeles, Chicago and Washington), according to a new report from the research firm 7Park Data. You can see a similar regional concentration in ride-business data released this week by the Brookings Institution: