Airbnb, DoorDash, Lyft, and Uber all released their latest earnings reports this week, providing a revealing snapshot of the gig economy’s leading platforms and their varying performances.

Starting with Airbnb, the home-sharing giant delivered impressive results by surpassing Wall Street revenue expectations for the third quarter, forecasting between $4.02 billion and $4.10 billion. This midpoint estimate tops analysts’ average of $4.05 billion. To sweeten the update, Airbnb also announced a significant share buyback program valued at up to $6 billion, signaling management’s confidence in the company’s future prospects.

DoorDash followed suit, posting a solid second quarter that beat expectations across the board. The company reported a 25% increase in revenue year-over-year, reaching $3.28 billion. Orders also soared 20% to 761 million, substantially above forecasts. Earnings per share were reported at $0.65—well ahead of projections—and adjusted EBITDA climbed to $655 million. As a result, DoorDash’s stock saw a notable post-earnings pop.

Lyft, however, faced headwinds despite reporting 10.6% annual revenue growth to $1.59 billion and a slight rise in earnings per share to $0.25. Both figures missed analyst estimates, leading to a negative market reaction and an underperformance relative to competitors. Investors appear cautious about Lyft’s near-term momentum, especially given Uber’s earlier strong performance.

These earnings underscore a clear divergence in fortunes among gig-economy leaders. As consumer preferences for convenience services remain robust—reflected in the buoyant results for Airbnb and DoorDash—competition and market expectations are putting pressure on Lyft to catch up. Investors would do well to monitor how each of these platforms adapts their strategies in this rapidly evolving sector.