It's definitely inflated a bit. I'd discount that by somewhere around 10 to 20% to account for docking/undocking/redocking.

For example, I've occasionally failed to get a green light indicating a sucessful return/docking. The orange light goes on then nothing with no green to indicate the bike was returned successfully. So I've used my key to unlock and attempt to redock the bike in order to get the green light. Sometimes it takes 2 or 3 tries. Each time shows up as a "ride" in my trip library.

But still - pretty impressive numbers so far. They periodically have updated info here

https://www.citibikenyc.com/system-data

but there seems to be an issue right now - or at least I can't get the page to load from my browser.