Lyft's marketplace scale hit new highs in 2Q, with active riders climbing 17% year over year to 30.5 million and rides growing 12% to 262 million. The growth marks the seventh consecutive quarter of double-digit rider expansion, the company said. Strength came from multiple areas: Freenow by Lyft in Europe, North American rideshare, and Lyft Urban Solutions. CEO David Risher said the milestone fuels Lyft's transformation into a hybrid transportation platform.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.