Reported 23 days ago
Lyft reported a quarterly revenue of $1.59 billion, falling short of expectations, which cast a shadow over its optimistic forecast for gross bookings in the upcoming quarter as it expands into Europe. Despite a 10.6% revenue growth, slower than rival Uber, Lyft's earnings exceeded analyst projections due to increased adoption of premium services. The company is also forging new partnerships, including an upcoming collaboration with United Airlines, while maintaining a positive outlook for gross bookings between $4.65 billion and $4.80 billion.
Source: YAHOO