
Lyft’s active riders number grew from 8.7 million in Q2 to 12.5 million in Q3 while the revenue per active rider came in at $39.94.
Lyft designs, markets, and operates a mobile application that matches drivers with passengers who request rides.
Lyft, Inc. is a transportation network company (TNC) based in San Francisco, California and operating in 640 cities in the United States and 9 cities in Canada. It develops, markets, and operates the Lyft mobile app, offering car rides, scooters, and a bicycle-sharing system.
Lyft is the second-largest TNC with a 30% market share in the United States, according to Second Measure.
Most jurisdictions regulate TNCs and TNCs are banned from operating in some jurisdictions. For more information, see Legality of TNCs by jurisdiction.
Lyft’s active riders number grew from 8.7 million in Q2 to 12.5 million in Q3 while the revenue per active rider came in at $39.94.
However, Didi has not officially confirmed the IPO plans and a planned schedule has not been drafted.
Following the Q2 2020 earnings report, Lyft stock fell. On August 12, it closed 0.42% down, at $30.52 per share. In the pre-market trade today, it slightly declined.