Breed, a former supervisor and the first Black woman to serve as San Francisco’s mayor, conceded defeat Thursday afternoon following the release of more results from Tuesday’s election.

"Being Mayor of San Francisco has been the greatest honor of my lifetime,” she wrote in a post on X. “I’m beyond grateful to our residents for the opportunity to serve the City that raised me. When I first took office in the middle of the night, back in 2017 when Mayor Ed Lee passed, I didn’t know what lay ahead. But I answered the call and always gave San Francisco and its people my heart and soul."

She added: “During my final two months as your Mayor, I will continue to lead this City as I have from Day One — as San Francisco’s biggest champion.”

Lurie entered the race last year with little name recognition, but after spending more than $8 million of his personal money on his campaign, he saw his support surge in the final weeks before the Nov. 5 election. Lurie has never held elected office, but that became a cornerstone of his campaign: He styled himself as an incorruptible “outsider” whose experience with his anti-poverty nonprofit, Tipping Point Community, equipped him with the skills necessary to address the most salient issues facing the city, including crime, homelessness, an affordability crisis and a languishing downtown.

While polling suggested that Lurie’s path to victory would likely come from second-choice votes, he actually jumped out to a lead immediately after the election, securing 27.85% of first-choice votes while Breed came in second with 24.54%.

Polling released earlier this year showed that residents were unhappy with Breed and the direction of the city. However, Breed’s support grew closer to the election, and it became clear that she would likely be in the final mix of candidates between Lurie, Board of Supervisors President Aaron Peskin and former supervisor and interim Mayor Mark Farrell. Those two candidates were eliminated in the 13th and 12th rounds of ranked-choice voting, respectively.

Preliminary results released earlier this week showed that Lurie earned the bulk of Farrell’s support after he was eliminated, while Peskin’s support was split relatively evenly between Lurie and Breed. Lurie all but declared victory Tuesday night.

“You poured your whole selves into this campaign,” he wrote in a letter to supporters. “Now, I am asking you to pour that same passion and energy into turning our city around. It’s time for us to roll up our sleeves and work together—no matter the outcome of this election.”