Lyft hits record number of rides: report

Lyft hit a record number of rides in July, Re/code reported, citing a leaked investor letter from the copy.

According to Recode, Lyft recorded 13.9 million rides for the month and said that the company’s 2015 GAAP revenue had grown 6.3 times year over year, without citing specifics. The company also said it hit more than $2 billion in net ride value for the first time, which Recode reports is the amount riders pay, excluding tips or tolls.

“The company continues to hit new records, and we continue to hear from both passengers and drivers that they choose Lyft because of the hard work our team puts into creating the best experience,” Alexandra LaManna, a spokeswoman for Lyft, said in an email to MarketWatch.

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