Tech

Lyft reports Q1 revenue of $609M, up 7% QoQ and down 36% YoY, vs $558.7M est., active riders of 13.49M vs 12.8M est., and net loss of $427M, up from $398M YoY (Jessica Bursztynsky/CNBC)


Jessica Bursztynsky / CNBC:

Lyft reports Q1 revenue of $609M, up 7% QoQ and down 36% YoY, vs $558.7M est., active riders of 13.49M vs 12.8M est., and net loss of $427M, up from $398M YoY  —  – Ride-hailing company Lyft beat on the top and bottom lines and exceeded Wall Street’s rider expectations for its first quarter.

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