Lyft Lyft had a record May, completing 12.7 million rides in the
month, according to a leaked investor update viewed by Business
Despite having a record May, Lyft cautioned its investors that
its ride volume would stay flat or possibly dip lower thanks to
the "headwinds" of college students going home for the summer and
its retreat from Austin.
Even with the slow down, the company
said that it plans to be on track to beat its projected growth by
Here are some of its latest numbers from its May update: Q2 ride volume: expected to beat by approximately 35%
Loss: Not expected to increase above board's budget
Monthly ride volume: increased by nearly 1.3 million MOM.
12.7 million new record in May - run rate would be 152 million
Net ride value: $1.9 billion run rate new record in May
100% paid rides: increased 5% from April.
2016 so far has
already exceeded all of 2015 for paid rides
14 markets are doing more than 300K rides in May, compared to
two last year
2.8 million unique passengers in May another record and
320K more than April's
Rides per active passenger increased by nearly 25% YOY
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