American ride-hailing companyLyftThe company released its fourth-quarter results after trading on Tuesday.

The results showed that Lyft lost 58 cents per share in the fourth quarter, with a market expected loss of 72 cents, while revenue was $569.9 million and the market expected $561.2 million.

Lyft said the number of active passengers in the fourth quarter was 12.55 million, compared with market expectations of 13.2 million, with revenue of $45.40 per active passenger and market expectations of $42.20.

The company's revenue and passenger numbers increased in the fourth quarter from $499.7 million and 12.51 million in the previous quarter, indicating that the company is continuing to recover from the headwind of COVID-19 's epidemic. However, there is still a big decline compared with the same period last year. Lyft had revenue of $2.4 billion last year, compared with $3.6 billion in 2019.

The company did not provide formal forward guidance, but Brian Roberts, chief financial officer, said in a statement that he expected "the growth trend that began in the second quarter to strengthen in the second half of the year."

Lyft shares jumped 6 per cent in after-hours trading after the earnings announcement. The company closed up 0.43% at $53.64 on Tuesday.