Lyft is likely to take some gas out of Uber’s IPO tombuerkle
Lyft on May 7 reported revenue of $776 million for the first quarter of 2019, almost double the same period a year earlier, in its first results since an initial public offering in March.
The ride-hailing app recorded a loss of $1.1 billion, mostly reflecting the cost of stock-based compensation tied to the IPO. Excluding such items, its $212 million loss was slightly smaller than a year ago. Lyft expects its revenue to be between $800 million and $810 million for the quarter ending June 30, and forecasts an adjusted EBITDA loss of between $270 million and $280 million.
Rival ride-hailing company Uber Technologies is set to price its own initial public offering on May 9.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Uber, Lyft drivers plan to strike ahead of Uber’s IPODrivers are calling for better job security, a livable income and a cap on the ride-hailing companies’ commission.
Lire la suite »
Uber is 'totally different' to Lyft, major investor Saudi Arabia says ahead of IPOSaudi Arabia's sovereign wealth fund says Uber is 'totally different' to Lyft despite investor concerns over profitability.
Lire la suite »
Lyft shows large losses in first earnings since IPO, but sales beat expectationsLyft Inc. reported better sales than expected in its first quarterly earnings report as a public company Tuesday, but also disclosed massive losses even...
Lire la suite »
Uber and Lyft drivers plan to strike and rally ahead of Uber's IPORideshare drivers are planning to strike and rally again — this time, ahead of Uber's impending IPO
Lire la suite »
American Express relaunches Blue Cash Preferred credit card — with cashback for Netflix, Amazon, Lyft and UberCard holders will earn cash back on new categories, including streaming services.
Lire la suite »
Lyft revenue tops expectations in first results as public company but growth seen slowingLyft revenue tops expectations in first results as a public company but its revenue growth is seen slowing, sending shares down in extended trade $LYFT
Lire la suite »
LIVE: Lyft is about to report earnings for the first time as a public companyLyft's first-quarter earnings report, its first as a public company, comes days before rival Uber is expected to price its own shares.
Lire la suite »
Lyft just lost its lawsuit against New York City's minimum wage rule for driversA judge ruled Wednesday that Lyft and Juno must pay their drivers according to rules set out by the City Council in March.
Lire la suite »
Uber and Lyft drivers are striking in over a dozen cities around the world on Wednesday. Here's the full list of where demonstrations are planned.Demonstrations by Lyft and Uber drivers are planned in at least 20 cities around the world.
Lire la suite »
Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companiesUber and Lyft are still fighting tooth and nail for market share in the United States.
Lire la suite »
Lyft to face first major test as public company with quarterly revealLyft Inc's first quarterly report on Tuesday as a public company is expecte...
Lire la suite »