Lyft 2021 User and Revenue Stats

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Microsoft Bing Usage and Revenue Stats (New Data)

Lyft is a rideshare service available in 656 cities in the US and Canada.

The app, which was launched in 2012, reached the milestone of 1 million trips in the following year.

Today, 12.5 million drivers use the app every quarter. And Lyft currently has a 32% market share in the US, an all-time high for the company.

Read on to find the latest stats on Lyft in 2021.

Let’s get straight to the data:

Top Lyft stats and numbers

  • Lyft has 12.5 million quarterly active drivers.
  • Lyft’s annual sales are $ 2.36 billion.
  • The quarterly average sales per Lyft driver is $ 45.40.
  • Lyft has one 32% Share of the US hail market. The company only held 7% of the market in February 2015.
  • 4,675 Lyft employs people.

How many drivers does Lyft have?

Lyft defines an active driver as a user who books at least one trip through the app in a given quarter.

Lyft has 12.5 million active drivers from the fourth quarter of 2020. Compared to the last quarter of 2019, the number of Lyft drivers has decreased 45.41% (of 22.9 million).

In the three years leading up to the COVID-19 pandemic (Q4 2016 – Q4 2019), Lyft increased the number of quarterly active drivers 3.47x.

Current Lyft usage has been rolled back to roughly its fourth quarter 2017 level.

Here is a table showing the number of active Lyft riders since 2016:

Quarter, year Active drivers
Q1 2016 3.5 million
Q2 2016 4.5 million
Q3 2016 5.7 million
Q4 2016 6.6 million
Q1 2017 8.1 million
Q2 2017 9.4 million
Q3 2017 11.4 million
Q4 2017 12.6 million
Q1 2018 14 million
Q2 2018 15.5 million
Q3 2018 17.4 million
Q4 2018 18.6 million
Q1 2019 20.5 million
Q2 2019 21.8 million
Q3 2019 22.3 million
Q4 2019 22.9 million
Q1 2020 21.2 million
Q2 2020 8.7 million
Q3 2020 12.5 million
Q4 2020 12.5 million

Source: Elevator.

Lyft average revenue per active driver

Lyft generates average quarterly sales of $ 45.40 per active driver. The average turnover has increased 13.67% compared to the previous quarter.

Over the past 4 years (Q4 2017 – Q4 2021) Lyft’s average revenue per driver has grown 66.05%.

We’ve found Lyft’s average quarterly revenue per driver since 2016:

Quarter, year Revenue per active driver
Q1 2016 $ 15.88
Q2 2016 $ 14.11
Q3 2016 $ 18.03
Q4 2016 $ 18.53
Q1 2017 $ 21.42
Q2 2017 $ 25.29
Q3 2017 $ 26.59
Q4 2017 $ 27.34
Q1 2018 $ 28.27
Q2 2018 $ 32.67
Q3 2018 $ 33.65
Q4 2018 $ 36.04
Q1 2019 $ 37.86
Q2 2019 $ 39.77
Q3 2019 $ 42.82
Q4 2019 $ 44.40
Q1 2020 $ 45.06
Q2 2020 $ 39.06
Q3 2020 $ 39.94
Q4 2020 $ 45.40

Source: Elevator.

Lyft’s annual sales

Lyft generated $ 2.36 billion This represents a 34.63% year-over-year decrease, largely due to the impact of the pandemic.

Despite the recent drop in sales, Lyft’s sales grew by a CAGR of 61.92% in the last four years (2016-2020).

The following table shows Lyft’s annual revenue since 2016:

year annual sales
2016 $ 343.3 million
2017 $ 1.06 billion
2018 $ 2.16 billion
2019 $ 3.61 billion
2020 $ 2.36 billion

Source: Elevator.

Lyft sales by segment

Lyft has two sources of income: ridesharing income and rental income.

The ridesharing market matters 93.22% (($ 2.2 billion) of Lyft’s total sales. The carpooling opportunities went down by 36.42% compared to 2019 results.

Here’s a table showing Lyft’s ridesharing since 2018:

year Annual turnover (share of total turnover)
2018 $ 2.1 billion (97.22%)
2019 $ 3.46 billion (95.84%)
2020 $ 2.2 billion (93.22%)

Flexdrive (Light Vehicles) and Lyft Rentals generate secondary rental income for Lyft. The company brings in $ 156.02 million of rental activities.

In contrast to the ride-sharing business, sales in the rental segment increased 3.67% in 2020.

The Lyft rental business has grown 3.08x since 2018.

Here is a table of Lyft’s rental income since 2018:

year Annual turnover (share of total turnover)
2018 $ 50.59 million (2.78%)
2019 $ 150.49 million (4.16%)
2020 $ 156.02 million (6.78%)

Source: Elevator.

Lyft US market share

Lyft has one 32% Share of the US rider market. Lyft’s market share has grown steadily over the past 6 years 7% in February 2015.

26% of American carpooling, customers only use Lyft. Another 12% Use both Uber and Lyft.

The following table shows Lyft’s market share in the United States since 2015:

date divide
February 2015 7%
October 2015 10%
February 2016 14%
October 2016 14%
February 2017 19%
October 2017 25%
February 2018 26%
October 2018 28%
April 2019 29%
July 2020 30%
February 2021 32%

Swell: Vox, second measure.

Average annual Lyft customer spend

For ridesharing customers using both Lyft and Uber, the average annual Lyft spend is included $ 169. This is 31.58% less as a multi-platform user per year on Uber ($ 247).

Across all Lyft users, extrapolated from the quarterly figures, the average annual spend is $ 181.60.

Swell: Second measure, Lyft.

Lyft US Market Share by City

Lyft significantly exceeds its national market share of 32% in some cities. Of the 15 most populous US cities, Lyft has the largest market share in Phoenix and Detroit (45%).

In general, Lyft has an increased market share in cities on the West Coast and the Midwest.

Here are the 15 largest cities in the US, ranked by Lyft market share (highest to lowest):

  1. Phoenix
  2. Detroit
  3. Minneapolis-St. Paul
  4. San Francisco
  5. Atlanta
  6. The angel
  7. Seattle
  8. Philadelphia
  9. Boston
  10. Dallas-Fort Worth
  11. Chicago
  12. New York City
  13. Washington, DC
  14. Miami
  15. Houston

Source: Second measure.

Gross value of Lyft trips

Users spend in total $ 8.97 billion per year when booking journeys through Lyft.

The company is expected to process $ 12.93 billion in rides in the United States in 2021. This corresponds to an increase of 8.2% compared to 2019, the last full year before the pandemic.

Lyft was omitted 32.32% from all the money spent on ridesharing in 2020 23.77% two years earlier.

Here is a table showing the estimated gross value of Lyft ridesharing in the US since 2018:

year Sales (share of total revenue with ridesharing)
2018 $ 7.89 billion (23.77%)
2019 $ 11.95 billion (27.39%)
2020 $ 8.97 billion (32.32%)
2021 $ 12.93 billion (29.3%)
2022 $ 16.67 billion (31.05%)

Source: eMarketer.

Lift drives statistics

The vast majority of Lyft drivers (95%) drive less than 20 hours a week. 96% of Lyft drivers work or study alongside their work as drivers.

15% of Lyft drivers are business owners. Another 12% are students.

More than half of Lyft drivers (51%) also use other carpooling options. 38% Working on delivery platforms.

Source: Elevator.

Lyft driver demographics

69% of Lyft drivers identify as members of a racial / ethnic minority.

Black, Hispanic, and Asian drivers make it up 64% the Lyft driver base. By comparison, these groups make up 38.6% of the total US population.

run divide
White (not spanish) 31%
Hispanic or Latinx 29%
Black, African American, or Afro-Caribbean 22%
Asian 13%

The vast majority of Lyft drivers are men, with women responsible only for them 21% of the driver pool. 7% of Lyft drivers identify as members of the LGBT + community, above the national average of 4.5%.

Source: Elevator.

Elevator Driver Demographics

47% of Lyft users identify themselves as members of a racist / ethnic minority. That’s lower than that 69% Proportion of drivers who identify as minorities.

Here is a breakdown of Lyft drivers by ethnicity:

run divide
White (not spanish) 53%
Hispanic or Latinx 18%
Black, African American, or Afro-Caribbean 22%
Asian 7.2%

Among Lyft drivers 16% identify as members of the LGBT + community. The percentage of Lyft passengers in the LGBT + community is 3.55x higher than the estimated national average (4.5%).

The median household income of Lyft drivers in the United States is $ 54,000. Canadian Lyft drivers have roughly slightly lower median household incomes $ 51,318 ($ 64,000 in CAD).

Source: Elevator.

Lyft app downloads

The Lyft Rider app will download 1.82 million Times per month for iOS and Android. The Lyft driver app is installed 120 thousand times a month.

The Lyft driver app has been downloaded 24 million Times in 2020.

Swell: Crunchbase, Uber.

How many people work at Lyft?

4,675 Employees work at Lyft. The number of employees has decreased 17.74% since 2019.

Mean compensation at Lyft is estimated $ 179,000. This corresponds to the reported base salary of $ 180,000 among Lyft employees on an H1-B visa.

Swell: Lyft, Blind, H1B salary database.

Conclusion

That’s it for my collection of vital Lyft statistics.

Lyft increases its market share and participates in Uber’s dominance. And the average spend per driver continued to rise during the COVID-19 pandemic.

However, the company has undoubtedly felt the effects of the virus. It will be interesting to see Lyft rebound.

Now I am interested in hearing from you:

Do you think Lyft will ever be able to overtake Uber? How will it recover from the slump caused by COVID?

I would also like to hear general questions or feedback about the statistics in this summary.