Gross bookings rose 23% to $5.5 billion in the second quarter, but net income of $50.3 million fell short of analyst estimates
Notícias
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Lyft revenues rise 13.8% in Q1 as gross bookings climb 19%, though earnings miss estimates and cash balances decline.
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While they beat expectations on both revenue and gross bookings, both earnings and total rides came in a bit light. Shares initially rose a few percentage points after the report was released before falling around 3% to $13.71. Revenue for the first quarter came in at $1.650 billion, ahead of expectations for $1.631 billion.