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Lyft was founded in 2012 in San Francisco, California.
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As of 2021, Lyft operates in over 650 cities across the United States and Canada.
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Lyft has over 30 million riders and more than 2 million drivers.
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In 2019, Lyft completed 1 billion rides, which was a 38% increase from the previous year.
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As of 2021, Lyft has a market share of approximately 30% in the U.S. ride-hailing market, second only to Uber.
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According to Lyft's 2020 financial report, the company had revenue of $2.4 billion but also incurred a net loss of $1.8 billion.
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In addition to ride-hailing, Lyft also offers bike-sharing and scooter-sharing services in some cities.
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Lyft has made commitments to become fully carbon neutral and to transition to 100% electric vehicles on its platform by 2030.
Lyft Revenue and Usage Statistics
Welcome to our blog post on Lyft revenue and usage statistics! In this article, we will take a deep dive into the world of Lyft, one of the leading ride-hailing companies in the world. We will explore the revenue and usage statistics of Lyft and provide insights into how the company has grown and evolved over the years.
We will start by discussing the history of Lyft, how the company was founded, and the key milestones it has achieved. We will then delve into the revenue and usage statistics of Lyft, looking at key metrics such as revenue growth, market share, and user demographics. We will also analyze how the COVID-19 pandemic has impacted Lyft's revenue and usage.
Our aim with this blog post is to provide you with a comprehensive overview of Lyft's revenue and usage statistics, as well as insights into the ride-hailing industry as a whole. We hope that by the end of this article, you will have a better understanding of the factors driving Lyft's success and the challenges it faces in the future. So, let's get started!
Lyft Key Statistics
Lyft Overview
| Launch date | 9 June 2012 |
| HQ | San Francisco, California |
| Founders | Logan Green (co-founder, CEO), John Zimmer (co-founder, president) |
| Business Type | Public (NASDAQ: LYFT) |
| Industry | Ride-Hailing |
Lyft Revenue
Lyft's revenue in 2022 was $4.09 billion, showing robust growth in each quarter; however, the growth rate was lower compared to 2021.
Lyft Annual Revenue 2017 to 2022 ($bn)
| Year | Revenue ($bn) |
|---|---|
| 2017 | 1.05 |
| 2018 | 2.15 |
| 2019 | 3.61 |
| 2020 | 2.36 |
| 2021 | 3.2 |
| 2022 | 4.09 |
Lyft Profit
Despite operating for several years, Lyft has never recorded a yearly net profit, and in 2022, the trend of increasing net losses for two consecutive years was reversed with a loss of $522 million more than the previous year.
Lyft Annual Net Profit/Loss 2017 to 2022 ($mm)
| Year | Net income/loss ($mm) |
|---|---|
| 2017 | -688 |
| 2018 | 2018 |
| 2019 | -2602 |
| 2020 | -1753 |
| 2021 | -1062 |
| 2022 | -1584 |
Lyft ARPU
In the fourth quarter of 2022, Lyft observed growth of 11.4% from the previous year as its average revenue per active rider rose to $57.72.
Lyft active rider ARPU 2017 to 2022
| Year | APRU |
|---|---|
| 2018 | 36.02 |
| 2019 | 44.40 |
| 2020 | 45.40 |
| 2021 | 51.79 |
| 2022 | 57.72 |
Lyft Users
Lyft had 20.3 million active riders in Q4 2022 and looks to be close to stagnation, reporting the same figure in Q3 2022.
Lyft Annual Users 2016 to 2022 (mm)
| Year | Users (mm) |
|---|---|
| 2016 | 6.6 |
| 2017 | 12.6 |
| 2018 | 18.6 |
| 2019 | 22.9 |
| 2020 | 12.5 |
| 2021 | 18.7 |
| 2022 | 20.3 |
Lyft FAQ
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How does Lyft work?
To use Lyft, download the app on your smartphone and create an account. When you need a ride, open the app, set your pickup location and destination, and request a ride. A nearby driver will accept your ride request and come to pick you up.
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How do I pay for my Lyft ride?
You can pay for your Lyft ride using a credit card, debit card, or PayPal account linked to your Lyft account. You can also use Lyft credits or a Lyft gift card to pay for your ride.
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How much does Lyft cost?
The cost of a Lyft ride varies depending on factors such as the distance of the trip, the time of day, and the type of ride you choose. Lyft offers several ride options, including Standard, Shared, XL, Lux, and Lux Black.
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How does Lyft ensure rider safety?
Lyft has several safety measures in place to ensure the safety of its riders, including background checks and vehicle inspections for drivers, GPS tracking of all rides, and in-app safety features such as a 911 button and a driver rating system.
