Competitive AdvantageLyft offers the least expensive rides compared to Waymo and Uber, making it an attractive option for cost-conscious customers.
Financial PerformanceLYFT reported a record 24.4m active riders, a 31.5% revenue growth to USD1.5bn, and a +15.6% y/y increase in Gross Bookings to USD4.1bn.
Partnerships And InnovationLyft's management is actively engaging in partnership discussions, which could lead to future growth opportunities.