Lyft Inc.’s active riders and revenue improved in the third quarter from the previous three months as coronavirus shutdowns eased in some key cities, but still nearly halved compared with the year-earlier period as the pandemic continued to damp business.

The San Francisco-based ride-hailing company said it had 12.5 million active riders in the three months ended Sept. 30, compared with 22.3 million in the year-earlier quarter. That was better than the 8.7 million riders in the previous quarter. Third-quarter revenue almost…

This post first appeared on wsj.com

You May Also Like

U.S. missionary among those evacuated from Haiti by a Florida congressman

A U.S. missionary who’s been traveling back and forth to Haiti for…

Ukrainian Factories Struggle as Russia’s Assault Rattles Supply Chains

Klim Tulin’s cardboard-box factory in the central Ukrainian city of Dnipro is…

People are still being awful on flights, and no one really knows why

Air travelers picked up some bad habits during the pandemic that they…

Jan. 6 committee will not make any criminal referrals, chairman says

The chair of the House committee investigating the Capitol riot said Monday…