Uber's platform served 93 million monthly active users in the first quarter, up 86% from two years ago. The average user booked a ride, rode a scooter, or ordered food 16.4 times during the first quarter, compared to 15.6 times two years ago. That combination of growth in users and frequency caused total trips to soar to 1.55 billion in the 1Q19.
While trips per user has gradually increased, in part driven by Uber Eats and Uber Pool, those offerings have also pressured revenue per trip, in addition to competition from Lyft (LYFT). That and high operating expenses led to an adjusted EBITDA loss of $0.55 per trip in the 4Q18, roughly in line with the prior year period, but well below than the rest of 2018 (loss of $0.27 per trip).
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