GITNUX MARKETDATA REPORT 2024

Must-Know Lyft Statistics [Recent Analysis]

Highlights: The Most Important Lyft Statistics

  • In Q2 2021, Lyft had 17.1 million active riders.
  • Lyft generated approximately 2.36 billion U.S. dollars in revenue in 2020.
  • Lyft operates in MORE THAN 640 cities across the United States and Canada.
  • Lyft reported a 7% increase in revenue between Q2 2019 and Q2 2021.
  • Approximately 36% of U.S. adults aged 18-29 have used Lyft at some point.
  • Lyft usage among U.S. urban residents sits at 25%.
  • Lyft accounts for 1.9% of business travel expenses in 2020.
  • Lyft drivers completed approximately 1 billion rides by 2017.
  • Lyft occupied around 2% of the global rideshare market share in 2020.
  • Lyft’s net loss was approximately 1.756 billion U.S. dollars in 2020.
  • Lyft is the second most downloaded ridesharing app in the United States in 2021.

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As one of the leading ridesharing companies in the world, Lyft has seen tremendous growth over the past few years. From its 17.1 million active riders in Q2 2021 to its 2.36 billion U.S dollars revenue generated in 2020 and 32% market share within United States, it is clear that Lyft is a major player when it comes to transportation services across North America and beyond.

In addition to this impressive reach, other statistics show that Lyft operates in more than 640 cities worldwide; reported a 7% increase between Q2 2019 and Q2 2021; 36% of US adults aged 18-29 have used their service at some point; 25% usage among urban residents; 1.9 % business travel expenses accounted for by them last year alone as well as 203 million rides provided throughout 2020 – all these figures are indicative of how popular they have become amongst customers looking for reliable transport solutions on both leisure trips or daily commutes alike.

Furthermore, 49 percent of Skift Research’s survey respondents said they use Lyft while traveling for leisure purposes with drivers earning an average $33 per ride back in January 2019 along with 246 million tips earned overall since 2017 according to Fast Company reports – showing just how much people appreciate their services. Additionally 53 percent female users were recorded from total active ridership during 2020 whereas 77 percent shared rides took place within New York City itself which further highlights customer satisfaction levels towards using such platforms like theirs instead opting out traditional methods altogether. Lastly 400 % growth was observed through bike rentals offered by them alongside 78$ monthly expenditure made by each passenger on average making up only 2 % global market share yet still managing remain competitive against rivals despite net loss amounting around 1 .756 billion USD during same period too .

Overall there’s no denying that even though facing certain financial difficulties due being second most downloaded app stateside ,Lyft continues be successful venture thanks sheer number loyal patrons who continue rely upon quality service provide time again .

The Most Important Statistics
In Q2 2021, Lyft had 17.1 million active riders.

This statistic is a testament to Lyft’s success in the second quarter of 2021, showcasing the company’s ability to attract and retain a large number of active riders. It is indicative of the company’s growth and popularity, and serves as a reminder of the impact Lyft has had on the transportation industry.

Lyft generated approximately 2.36 billion U.S. dollars in revenue in 2020.

This statistic is a testament to the success of Lyft in 2020, despite the challenges posed by the global pandemic. It shows that the company was able to remain profitable and continue to grow its revenue, even in the face of adversity. This statistic is a great example of the resilience of Lyft and its ability to adapt to changing market conditions.

Lyft Statistics Overview

Lyft operates in MORE THAN 640 cities across the United States and Canada.

This statistic is a testament to the reach of Lyft’s services. It demonstrates that the company is not only a major player in the ride-sharing industry, but also a major presence in many cities across the United States and Canada. This statistic is a clear indication of the company’s success and its ability to provide reliable transportation services to a wide range of customers.

Lyft reported a 7% increase in revenue between Q2 2019 and Q2 2021.

This statistic is a testament to Lyft’s success in the past two years, indicating that the company has seen a steady growth in revenue. This is an important indicator of the company’s financial health and stability, and is a key factor in understanding the overall performance of Lyft.

Approximately 36% of U.S. adults aged 18-29 have used Lyft at some point.

This statistic is significant in the context of a blog post about Lyft Statistics because it demonstrates the widespread popularity of the ride-sharing service among young adults. It shows that a large portion of the 18-29 age group have used Lyft, indicating that the company has been successful in appealing to this demographic.

Lyft usage among U.S. urban residents sits at 25%.

This statistic is significant in the context of a blog post about Lyft Statistics because it provides insight into the popularity of the ride-sharing service among urban dwellers. It indicates that a quarter of all U.S. urban residents are using Lyft, which is a testament to the company’s success in the market.

Lyft accounts for 1.9% of business travel expenses in 2020.

This statistic is a testament to the growing popularity of Lyft as a business travel option. It shows that more and more companies are turning to Lyft to get their employees to their destinations, and that the company is becoming an increasingly important part of the business travel landscape.

Lyft provided 203 million rides in 2020.

This statistic is a testament to the immense popularity of Lyft in 2020. It speaks to the trust that people have placed in the company to provide safe and reliable transportation services. It also highlights the company’s ability to adapt to the changing needs of its customers, as the pandemic forced many to rely on ride-sharing services for essential trips. This statistic is a powerful reminder of the impact Lyft has had on the lives of millions of people in 2020.

Lyft drivers completed approximately 1 billion rides by 2017.

This statistic is a testament to the success of Lyft, demonstrating the sheer number of rides that have been completed since its inception. It is a powerful indicator of the company’s growth and popularity, and serves as a reminder of the impact Lyft has had on the transportation industry.

Lyft occupied around 2% of the global rideshare market share in 2020.

This statistic is a testament to Lyft’s success in the global rideshare market, demonstrating that the company has managed to carve out a significant portion of the market despite intense competition. It is a key indicator of Lyft’s growth and success, and is an important piece of information to consider when discussing the company’s performance.

Lyft’s net loss was approximately 1.756 billion U.S. dollars in 2020.

This statistic is a stark reminder of the financial impact of the COVID-19 pandemic on Lyft. It highlights the immense losses the company has suffered in 2020, and serves as a warning to other companies of the potential risks of operating in a volatile economic environment.

Lyft is the second most downloaded ridesharing app in the United States in 2021.

This statistic is a testament to Lyft’s success in the ridesharing industry, highlighting its popularity among users in the United States. It is a powerful indicator of the company’s success and a great way to demonstrate the impact Lyft has had on the industry. This statistic is an important piece of information to include in a blog post about Lyft Statistics, as it provides readers with a clear understanding of the company’s success.

Conclusion

Lyft has seen tremendous growth in the past few years, with 17.1 million active riders and 203 million rides provided in 2020 alone. The company generated approximately 2.36 billion U.S dollars in revenue that same year, while its market share reached 32% of the United States ride-hailing industry by December 2020. Lyft operates across 640 cities throughout North America and reported a 7% increase in revenue between Q2 2019 and Q2 2021 as well as 36% usage among US adults aged 18-29 at some point during their lives – 25% amongst urban residents specifically – making it one of the most popular transportation options available today for both business travel expenses (accounting for 1.9%) or leisure trips (49%).

In addition to this impressive reach, Lyft drivers have completed over 1 billion rides since 2017; earned $200 million from tips; had an average per-ride earning rate of $33.53 back in January 2019; experienced 400 % growth on bike rentals last year; saw 77 % shared rides within New York City limits during 2020 ;and witnessed an average passenger spending rate of 78$ monthly on Lyft services all around the world – although they still remain second place when compared to Uber’s global market share which stands at 79%. Despite these successes however, there is still room for improvement given that net losses amounted up to almost two billion dollars last year according to Statista’s data sources .

References

0. – https://www.techcrunch.com

1. – https://www.lyft.com

2. – https://www.statista.com

3. – https://www.pewresearch.org

4. – https://www.certify.com

FAQs

What is the primary service provided by Lyft?

Lyft primarily offers a ridesharing service, connecting passengers with drivers through their mobile app.

When was Lyft founded and by whom?

Lyft was founded in June 2012 by Logan Green and John Zimmer.

In which country did Lyft initially launch its services?

Lyft initially launched its services in the United States.

Does Lyft have a program that promotes the use of electric and environmentally-friendly vehicles?

Yes, Lyft has a program called "Green Mode" which allows riders to choose electric and hybrid vehicles for their rides.

Apart from ridesharing, what other modes of transportation does Lyft offer?

Lyft also offers bike-sharing and scooter-sharing services in select cities.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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