The company lost $911.3 million in 2018, up from two years of steady losses of $682.8 million in 2016 and $688.3 million in 2017. Part of the revenue increase is tied to Lyft’s growing market share in the U.S. where it competes with rival Uber. In the fourth quarter of 2018, it had 18.6 million active riders and 1.1 million drivers. Lyft has also increased its “revenue per active rider.” In March 2016, Lyft had 3.5 million active riders and generated $15.88 in revenue per rider. In July 2018, Lyft acquired bike-sharing operator Motivate and later launched its own scooter line.

Source: Forbes March 01, 2019 16:47 UTC