Lyft Announces Record First Quarter Results
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: GlobeNewswire
First quarter revenue grew to $776 million, up 95% year-over-yearActive Riders grew to over 20.5 million in the quarter SAN FRANCISCO, May 07, 2019 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its first quarter ended March 31, 2019. “The first quarter was a strong start to an important year, our first as a public company,” said Logan Green, Co-Founder and CEO of Lyft. “Our performance was driven by the increased demand for our network and multi-modal platform, as Active Riders grew 46 percent and revenue grew 95 percent year-over-year. Transportation is one of the largest segments of our economy and we are still in the very early stages of an enormous secular shift from personal car ownership to Transportation-as-a-Service.” First Quarter 2019 Highlights Lyft reported Q1 revenue of $776.0 million versus $397.2 million in the first quarter of 2018, an increase of 95 percent year-over-year. Net loss for Q1 includes $894 million of stock-based
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