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Lyft Reports Higher Revenue as Ridership Returns

Lyft Reports Higher Revenue as Ridership Returns

Lyft Inc. said revenue climbed in the latest quarter, as consumers continue to pay higher prices because of the shortage of drivers and the increase in rider demand.

The San Francisco company’s revenue increased 73% to $864 million from the year-earlier period, as its ridership edged closer to pre-pandemic levels. The company reported 18.9 million active riders in the quarter, up from 12.5 million a year earlier. Lyft had 22.9 million active riders at the end of 2019.

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