Lyft, Inc. is a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks, offering access to various transportation options through the Lyft platform and mobile-based applications. These options include a ridesharing marketplace connecting drivers with riders, Express Drive (a car rental program for drivers), and a network of shared bikes and scooters in various cities. Lyft was founded on June 4, 2012, by Logan Green and John Zimmer. The company evolved from Zimride, a long-distance carpooling service they founded in 2007.
Lyft's current CEO is David Risher, who was appointed in April 2023. Recent news includes Lyft's Q4 and full-year 2025 results, which showed record financial performance. Gross bookings reached $5.1 billion in Q4, up 19% year-over-year, and active riders increased by 18% to 29.2 million. The company's 2024 annual revenue reached approximately $5.7 billion. As of 2024, Lyft holds approximately 24% of the U.S. rideshare market share, while Uber holds 76%. Lyft is expanding into autonomous vehicles, with deployments planned in the U.S. and overseas. The company has also launched new products like Lyft Teen, which addresses transportation for ages 13-17. Lyft is headquartered in San Francisco, California.
