Lyft Inc. saw active riders, drivers and rides reach a COVID-19 pandemic high in the second quarter, but like the previous quarter, the numbers fell just short of meeting Wall Street’s expectations for activity on the platform.
Zimmer also said the company has seen a pandemic-related recovery across the board in the areas it operates, with the West Coast, which had been the laggard, improving. He said travel has come back strong, with airport rides reaching a record high of 10.2% of all rides. The ride-hailing company said it had 19.86 million riders, compared with 17.14 million riders in the same period a year ago. Analysts expected 19.9 million riders. Revenue per rider was $49.89, above analysts’ estimate of $49.30.
Analysts surveyed by FactSet had forecast an adjusted loss of 4 cents a share on revenue of $989 million.
Really sad driver Pay does not reflect the business boom.
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