Ride-hailing provider Lyft reported $1.05 billion in third-quarter revenue, an all-time high, but its net loss widened. Still, managed bookings through the Lyft Business platform more than doubled year over year, according to the company.
Lyft’s third-quarter revenue increased 22 percent year over year, and 6 percent quarter over quarter, according to the company. Despite the record revenue, Lyft’s net loss for the period was $422.2 million, compared with a loss of $99.7 million a year prior and a loss of $377.2 million in the second quarter.
Still, the company’s “airport trips accounted for 10.4 percent of rideshare rides in the third quarter, beating the record set last quarter,” Lyft co-founder and CEO Logan Green said during a Monday…