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


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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