Managed bookings on Lyft’s business platform grew by more than 60% year-over-year in the fourth quarter of 2022 and set a new record with continued strong adoption of the rideshare company’s B2B offerings, according to Logan Green, CEO, speaking on a further quarter 2022 earnings call. He said the growth was particularly seen in the healthcare and retail verticals.

Green also said that airport business reached another new high in the3 quarter at just over 10.4% of rideshare rides, with the absolute number up 25% versus the fourth quarter of 2021.

John Zimmer, president said the company is seeing the return of large events and conferences. He added that Lyft is “going to keep leaning in” to that segment, saying it provides “a really nice margin opportunity and growth opportunity.”

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Lyft reported fourth-quarter revenue of nearly $1.18 billion, up 21% year over year, and its net loss widened to $588.1 million from $283 million one year prior. The company reported full-year 2022 revenue of about $4.1 billion, up 28% from 2021, and a net loss of $1.58 billion, compared with a net loss of $1.06 billion the previous year. Fourth-quarter active riders increased 8.7% year-over-year to nearly 20.4 million.