Uber Is Expanding an Initiative That Will Save Riders Money — Here's Where It's Coming Next程序,于2020年暂停,重新拉t summer.

ByAmanda Breen

NurPhoto | Getty Images

Uber's shared-rides program, which hasn't been available in most cities since 2020, is back — and growing.

The company will expand its UberX Share program to five additional cities — Baltimore, Miami, Nashville, Philadelphia and Washington D.C. — "in the coming weeks," head of cities and transportation policy Shin-Pei TsayannouncedonUber's site.

Related:This Lyft Employee's Entrepreneurial Past Inspired Her to Create a Business Pitch Competition for Lyft Drivers

Uberre-launched its ride-share initiative in New York City, Los Angeles, Chicago, San Francisco, Phoenix, San Diego, Portland, Indianapolis and Pittsburgh last summer, perFox Business.

With UberX Share, riders can save up to 20% when matched with a rider along their route; the program's designed to add no more than eight minutes to a trip on average, per the company.

The news follows a strong first quarter forUber. The company's adjusted earnings before interest, taxes, depreciation and amortization — one of its most closely tracked financial metrics — hit $761 million, exceeding expectations,The Wall Street Journalreported.

Lyft, which added $375 million to its insurance reserves in the first quarter, saw an adjusted EBITDA loss of $248.3 million and said that the figure minus insurance costs would have been $127 million,Barron'sreported.

Under new CEO David Risher, who assumed the role last month, Lyft might once again eliminate its own shared-rides service in an effort to become more profitable, perTechCrunch.

Related:Report: Uber, Lyft Drivers Face Suspensions, Discrimination

Uber is up more than 30% year over year; Lyft is down more than 50% over the same period.

Amanda Breen

Entrepreneur Staff

Features Writer

Amanda Breen is a features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

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