Lyft Slumps After Omicron Saps Ridership, With Fallout Into 2022
- Airport rides doubled from a year ago and boosted sales
- Lyft reported 18.7 million active riders in the fourth quarter
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Lyft Inc. reported fewer riders than analysts’ expected in the fourth quarter as omicron damped travel, sending the shares down about 7% in extended trading.
But the riders that did hop in a Lyft generated higher revenue, due to a shortage of drivers and trips that were longer and had higher fares.