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Illustration: Rebecca Zisser/Axios

As Uber and Lyft look into 2021, both companies pointed to driver supply as a possible challenge when ride-hailing demand picks up again.

Why it matters: The companies delivered their 2020 Q4 earnings this week, with mixed results, and are hoping vaccination will boost their recovery later in the year as more people start to take rides again.

"If I worry about one thing going into the second half of the year it's if we’re going to have enough drivers to meet the demand in the mobility segment," Uber CEO Dara Khosrowshahi told analysts on Wednesday.

  • Lyft co-founder and CEO Logan Green described his company as a "tightly coiled spring" ready for business to pick up.

By the numbers:

  • Lyft: $569.9 million in revenue vs. $561.2 million expected, and a $0.58 loss per share compared to $0.72 expected. Its net loss was $458.2 million for the quarter, compared to $356.0 million a year ago.
  • Uber: $3.17 billion in revenue versus $3.58 billion expected (and $3.25 billion expected in net sales, a metric Uber says more closely aligns to its new revenue accounting), and a $0.54 loss per share compared to $0.56 expected. Its net loss for the quarter also shrunk to $968 million from $1.1 billion a year ago.

Both companies also touted their respective delivery businesses.

  • Uber's food delivery business continued to be much larger than its ride-hailing business amid the pandemic, netting $10.1 billion in gross bookings for the quarter, compared to $6.8 billion in gross bookings for its mobility division. The company also recently closed its acquisition of Postmates and announced the acquisition of Drizly, a delivery service focused on alcohol.
  • Lyft, meanwhile, told analysts that it's continuing to invest in its burgeoning business-to-business delivery service, but that remains mostly experimental.

Editor's note: This story has been updated with additional information about analyst expectations for Uber's revenue.

Go deeper

Cuomo says words may have been "misinterpreted" following allegations of harassment

New York Gov. Andrew Cuomo at a Feb. 22 news conference. Photo: Seth Wenig/pool/AF via Getty Images

New York Gov. Andrew Cuomo issued a lengthy statement on Sunday saying he " never inappropriately touched anybody" but acknowledged that "some of the things I have said have been misinterpreted as an unwanted flirtation," after two of his former aides accused him of sexual harassment.

Why it matters: Prior to Cuomo's statement, in which he adds that he "never inappropriately touched anybody" or meant to make anyone uncomfortable, the governor's office and the state attorney general went back and forth in a public disagreement about how to investigate the allegations.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."

Cedric Richmond: We won't wait on GOP for "insufficient" stimulus

Top Biden adviser Cedric Richmond told "Axios on HBO" the White House believes it has bipartisan support for a stimulus bill outside the Beltway.

  • "If our choice is to wait and go bipartisan with an insufficient package, we are not going to do that."

The big picture: The bill will likely undergo an overhaul in the Senate after House Democrats narrowly passed a stimulus bill this weekend, reports Axios' Kadia Goba.