The loss of Lyft under GAAP for the 3 months of 2022 was $196.932 million, down 2.3 times from $427.339 million in the previous year. Revenue increased 43.8% to $875.575 million from $608.96 million a year earlier.

Lyft's GAAP loss for 2021 was $1.009 billion, down 42.4% from $1.753 billion the previous year. Revenue increased 35.6% to $3.208 billion from $2.365 billion a year earlier.

Lyft's GAAP loss for 9M 2021 was $0.751 billion, down 42% from $1.295 billion in the previous year. Revenue increased 24.7% to $2.238 billion from $1.795 billion a year earlier.

California's court struck down Amendment 22, which was approved by state residents in November 2020. It allowed cab ordering services such as Uber and Lyft to classify their employees as contractors rather than employees. The judge ruled that the amendment was unconstitutional and exempted drivers from the protection of state labor law.