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OverviewAPI
Lyft's growth trajectory diverges from Uber's, with Lyft focusing on transportation while Uber expands into food delivery and freight. Lyft's recent earnings report shows a 20% boost in business and a 45% increase in driver hours. However, Lyft's tepid sales outlook may fall short of analysts' expectations, leading to a 5% drop in shares. Lyft's strategy of reducing ride-hail fares to compete with Uber has resulted in a hit in revenue per active rider and a mixed reaction to the earnings. Despite this, Lyft expects higher revenue for the third quarter and forecasts adjusted core earnings of $75 million to $85 million.

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