Comment on Lyft ridership gets a lift in May as more people venture out

Lyft ridership gets a lift in May as more people venture out

Lyft bumped up its second-quarter financial outlook Tuesday, citing an increase in ridership as more cities lift shelter-in-place restrictions. The San Francisco-based ride-hailing company said its May ridership rose 26% compared to April and that it has increased for seven consecutive weeks. As a result, Lyft now expects its second-quarter adjusted EBITDA loss will not exceed $325 million if the average daily rideshare volume remains unchanged in June from its May levels.

 

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