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Trends and Insights

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14 Nov 2023

Uber and Lyft See Q3 Growth As Ride-Hailing Demand Booms

Both Uber and Lyft reported year-over-year revenue growth and increased ridership in Q3 compared to Q2. This significant growth is attributed to increased consumer travel, return-to-office commutes and back-to-school journeys. CEOs of both entities noted travel as a critical growth driver. [Source](