John ZimmerCo-founder, Lyft · Working on Yes&

How Big Is Lyft Today?

Name: How Big Is Lyft Today?
Uploaded: 2016-10-26T17:22:35+00:00
Duration: 38 s
Channel: John Zimmer
Description: In this interview, Lyft co‑founder John Zimmer discusses the company’s scale as of October 2016. Lyft completed over 17 million rides that month, more…

26 Oct 2016 · 1 min

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In this interview, Lyft co‑founder John Zimmer discusses the company’s scale as of October 2016. Lyft completed over 17 million rides that month, more than double the 7 million rides recorded in December 2015, marking a record for the company and indicating rapid year‑to‑date growth. Zimmer notes that Lyft has consistently captured greater market share across the United States, moving from roughly one in ten rides in top U.S. cities to now about one in four to one in five rides in every major city. The conversation also touches on the sources of market‑share data and confirms that these gains are observed across the top U.S. cities rather than being limited to a few locations.

You came with news.
Yeah.
Talk to me about how big you are.
How big is Lyft today? So in the month of October, we'll do over 17 million rides, which will be a record for the company. And we've more than 2x'd already this year and growing fast, taking share in the US.
So you did over 2x because I think you did 7 million rides in December, right? Was that— That sounds about right. Okay, 7 million to 17 million. When you measure market share, I've seen credit card data from folks who'd say, like, since June you guys are actually down slightly market share. Talk to me about where this data is coming from, what your market share actually is.
Yeah, so over the last 2 years Lyft has consistently taken share in the United States. So where we were approximately, you know, 1 out of 10 rides in the top US cities, we're now between 1 in 4, 1 in 5 rides. In every city. So consistently taking share.
In the top US cities, this is across the US or just in those cities?
In the US as a whole. We focus on the top 20 cities where we do about 90% of our rides. Okay, okay. We're in 200 cities.