Here's how much Lyft says its drivers make — and how much their expenses add up

Thu, 02/08/2024 - 11:36

Tech Insider

Economy

• Lyft said the median driver who uses a personal vehicle pulls in a net $23.46 per engaged hour.
• This accounts for tips, bonuses, and expenses — and defines an engaged hour as time spent on rides.
• Lyft said it will guarantee drivers 70% of their weekly rider payments after external fees.

How much does the typical ride-hailing driver make an hour? Lyft provided an updated look under the hood.

Tags

economy, Lyft, Uber, Rideshare, Driving, gig-work, expenses

Source

Here's how much Lyft says its drivers make — and how much their expenses add up