Lyft News

What a Difference a Year Makes

Mar 18, 2021

It’s mid-March and we’ve crossed the one year mark living life indoors and away from so many important people in our lives. This has been a truly challenging year. And on top of the pandemic, we’ve all witnessed horrifying events that took place across the country — from the acts of injustice against Black Americans, to the events that unfolded at the Capitol, to a rise in violence against members of the Asian American and Pacific Islander community. 

We’re starting to see the light at the end of the tunnel for the pandemic but this isn’t just about getting back to normal. We’re ready to create a more inclusive and equitable society post-pandemic. It’s also important to call out what our scientific community has accomplished in over a year, moving at record speed to create vaccines. As of today, over 22% of the US population has received their first dose with over 110 million total shots administered.

Transportation often serves as a broader barometer of society. We’re starting to see positive impact from the recent decline in COVID-19 case counts:

  • Last week, rideshare ride volume reached a new record level for 2021 and was our biggest week since March 2020

  • Yesterday, for the first time in a year, Lyft saw positive year-over-year growth in daily rideshare ride volume

  • Next week, we expect rideshare ride volume to grow in excess of 100% year-over-year as we begin to lap the significant impact of COVID-19 on our business a year ago

  • Finally, we continue to expect positive weekly rideshare growth measured on a year-over-year basis beginning this week — and every subsequent week through the end of 2021 (barring a significant worsening of COVID-19 conditions)

We’re working hard to support communities as the world reopens and people get to visit their loved ones. We will continue to focus on providing access to safe and reliable rides to those who need them, whether that’s going to a vaccination appointment or dining out again. We’re here to help you reconnect with each other.

Forward-Looking Statements 
Certain statements contained in this announcement are “forward-looking statements” within the meaning of the securities laws, including statements about trends in Lyft’s business and the related impact of COVID-19 and other events or conditions, and Lyft’s future financial and operating performance. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in Lyft’s filings with the Securities and Exchange Commission. We do not undertake an obligation to update our forward-looking statements to reflect future events, except as required by applicable law.