Tech
Lyft reports Q3 revenue of $1.05B, up 22% YoY, 20.31M riders, up 7% YoY vs. 21.3M est., and net loss of $422.2M, up from $99.7M YoY; stock down 14%+ after hours (Preetika Rana/Wall Street Journal)
Preetika Rana / The Wall Street Journal:
Lyft reported Q3 revenue of $1.05 billion, up 22% year-on-year, 20.31 million riders, 7% year-on-year increase from estimates of 21.3 million, and net loss of $422.2 million , up from $99.7 million year-over-year; shares down 14% + after hours– Fewer car-sharing app users grow than analysts predict – Uber, Lyft, and Critical Profitability Challenge in 2022
