Lyft’s Pandemic Challenges Continue, but Business Is Improving – The Wall Street Journal

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Lyft Inc.’s active riders and revenue improved in the third quarter from the previous three months as coronavirus shutdowns eased in some cities, but business remained sharply down from a year earlier because of the pandemic.

The San Francisco-based ride-hailing company said Tuesday it had 12.5 million active riders in the three months ended Sept. 30. That compares with 22.3 million in the year-earlier period and 8.7 million riders in 2020’s second quarter. Third-quarter revenue almost halved to $500 million from $955.6 million,…

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