John Zimmer, co-founder and president of Lyft Inc., speaks during the Connected Car Expo ahead of the Los Angeles Auto Show on Tuesday, Nov. 17, 2015. Photographer: Patrick T. Fallon/BloombergLyft is finally lifting the hood on its financials. On Friday, the ride-hailing company made public its S-1 registration with the SEC. It hadLyft's revenues doubled in 2018 to reach $2.2 billion,. That's up from $343.3 million in 2016 and $1.1 billion in 2017. But its losses also grew.
Part of the revenue increase is tied to Lyft's growing market share in the U.S. where it competes with rival Uber. Lyft claims it ridesharing market share grew to 39% in 2018, up from 22% in 2016. 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. That has increased to $36.04 per rider in December 2018.
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