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

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