What percentage of people use Lyft?

Lyft is a ridesharing service available in 656 cities across the US and Canada. Launched in 2012, the app reached the milestone of 1 million rides the following year. Today, 12.5 million riders use the app each quarter. And Lyft currently has a 32% market share in the US, an all-time high for the company.



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How many users does Lyft have? Lyft's active users (riders) numbered 20.3 million as of Q4 2022.

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63% of ridesharing customers in the US exclusively use Uber. A further 27% of consumers only book rides through Lyft. Just 10% of US customers use both Uber and Lyft.

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Uber now has 74% of the US rideshare market, up from 62% in 2020, according to market research firm YipitData, while Lyft's market share slipped to 26% from 38% during that same period. Meanwhile, Lyft stock has plunged nearly 90% since it went public in 2019.

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There are several tangible reasons as to why consumers prefer Lyft over Uber such as the ability to tip, the overall experience of the ride, and the cost difference. While it was not mentioned much, many do appreciate the Lyft user interface on the app and prefer to use it over Uber.

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Lyft generated $4.09 billion revenue in 2022, with strong revenue growth each quarter but slower than in 2021.

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Much like Uber, Lyft loses money because it spends more money than it brings in. More specifically, Lyft's operating costs are far higher than its gross profit. What does that mean?

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US rider demographics Let's take a closer look at the demographics of Uber users in the US. Unlike the drivers, male and female users are nearly an even split for riders. The majority of Uber users fall in the 16-34 age range. But 35% of riders are over the age of 35.

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The United States remains at the summit of the most popular countries among non-domestic Uber users. Mexico and Canada complete the top three, followed by Portugal, Spain, France and the UK. Europe remains a popular destination for Uber users, with five European countries in the top 10.

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Lyft to cut 1,072 employees, or 26% of its workforce The layoffs had been announced last week without a specific number. New CEO David Risher told employees that the cuts would form part of a continued focus on “better meeting” consumer and driver needs.

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Unlike Uber, Lyft is only available in the United States and Canada. While it doesn't specify where its drivers are located, the company claims to have 2 million drivers. We can assume the majority of these drivers are in the US since Lyft is limited to 10 Canadian cities.

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Lyft began the year mired in the same ditch it ended in last year, with its ride-hailing service struggling to recover from a pandemic-driven downturn that triggered a change in leadership and layoffs that wiped out a quarter of its workforce.

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If you request a ride during times of really high demand, you'll pay an inflated rate. Times of high demand and low driver supply are called Prime Time. Prime Time fees are extra fees that Lyft charges during busy times.

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Lyft's top competitors include Cabify, Turo, and Blacklane. Cabify provides a mobility platform and ridesharing company, serving customers and drivers. Its services offer taxi cars with added features such as a choice of music, …

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Lyft operates in the U.S. and Canada. 3 The company sets specific requirements on the vehicles used by drivers and has several different categories or levels of service.

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In terms of the hourly rate, Lyft is generally considered to pay slightly more than Uber. However, there is no set hourly rate for either app since drivers are paid instead on a piece-rate basis. As such, this is important to consider as part of your decision since the hourly rate will likely vary.

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Second Quarter 2023 Financial Highlights Net loss of $114.3 million compares with $187.6 million in Q1'23 and $377.2 million in Q2'22. Net loss includes $116.6 million of stock-based compensation and related payroll tax expenses. Net loss margin of 11.2% compares with 18.8% in Q1'23 and 38.1% in Q2'22.

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Lyft is more about a friendly experience. Drivers can be tipped in the app, have better insurance through the app, and are told to make it more about the experience of taking a lyft. Things like snacks and conversation are borderline requirements. Uber is easier and cheaper but less engaging.

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