Lyft Inc. (NASDAQ: LYFT)
Software - Application · San Francisco, CA, United States · Founded 2012
- Market capitalization: $5.0 billion
- Annual revenue: $6.32 billion
- Net income: $2.84 billion
- Employees: 4,000
- Sector: Technology
- Headquarters: San Francisco, United States
- Founded: 2012
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Lyft is the second-largest ride-hailing company in the US, with roughly 28% market share behind Uber's 72%. The company operates exclusively in the US and Canada, unlike Uber's global footprint. Logan Green and John Zimmer founded Lyft in 2012 (originally as Zimride, a long-distance carpooling service). The pink mustache on early Lyft cars became an iconic startup symbol.
Lyft takes a commission (roughly 25-30%) on each ride. The company also generates revenue from bike and scooter rentals in select cities, advertising, and Lyft Media (in-car tablets and screens). Revenue exceeds $4.4 billion annually. Unlike Uber, Lyft doesn't have a food delivery business, which limits diversification but simplifies the business model.
Green and Zimmer launched Zimride in 2007 for college campus carpooling, then pivoted to on-demand rides as Lyft in 2012. IPO in March 2019 at $72 per share u2014 two days before Uber filed its own IPO. The stock has never returned to its IPO price. Both co-founders stepped down from executive roles in 2023. David Risher became CEO and has focused on cost-cutting and driver experience.
| Market Capitalization | $5.0B |
| Annual Revenue | $6.32B |
| Net Income | $2.84B |
| Profit Margin | 45% |
| Revenue per Employee | $1580000K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | LYFT |
Financial data is approximate and based on most recent annual filings.
Lyft's original pink fuzzy mustache (the "carstache") was so distinctive that it became a cultural phenomenon. The company has never been profitable on a GAAP basis. Lyft's market share has been slowly declining for years u2014 the company once had 39% of the US market. Green and Zimmer met at a conference on green transportation.
Lyft is stuck in a distant second place with no clear path to closing the gap with Uber u2014 the lack of international presence and delivery diversification makes this a structurally weaker business.
What is Lyft Inc.'s revenue?
Lyft Inc. generates approximately $6.32 billion in annual revenue.
How many employees does Lyft Inc. have?
Lyft Inc. employs approximately 4,000 people worldwide.
What is Lyft Inc.'s market cap?
Lyft Inc. (LYFT) has a market capitalization of approximately $5.0 billion on the NASDAQ.
When was Lyft Inc. founded?
Lyft Inc. was founded in 2012 and is headquartered in San Francisco, CA, United States.
Who is the CEO of Lyft Inc.?
David Risher is the current CEO of Lyft Inc..
What is Lyft Inc.'s website?
Lyft Inc.'s official website is lyft.com.
| CEO | David Risher |
| Sector | Technology |
| Industry | Software - Application |
| Founded | 2012 |
| HQ | San Francisco, CA |
| Country | United States |
| Website | lyft.com |
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