tiprankstipranks
The Fly

Lyft reports Q2 all-time high active riders of 23.7M, up 10% y/y

Lyft reports Q2 all-time high active riders of 23.7M, up 10% y/y

in Q2: Rides of 205 million: were a company record, up 15% year-over-year. Driver hours hit an all-time high: and we welcomed the most new drivers in any quarter since 2019. Our Driver Earnings Commitment also launched nationwide. The Pride effect: Pride was a major celebration for Lyft riders in Q2. In cities with Pride celebrations throughout June, Lyft saw a 17% increase in rides compared to an average weekend in the quarter; riders in San Francisco, Denver, and Seattle took roughly 50% more rides than usual. Congrats grads: Riders in top college towns took 23% more rides during spring graduation weekends compared to average weekends in Q2 – especially at schools like the University of Florida, which has a partnership with Lyft to help transport 60,000 students throughout Gainesville and across campus. Canada rides doubled: in the second quarter compared to the same period last year, and Toronto grew to become our 8th largest market.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com