Lyft scrambles something up – Emerce

Uber rival Lyft achieved more revenue in the first quarter of 2023, while the loss was limited, but the outlook was disappointing again.

Sales grew 14 percent year-on-year 1 billion dollarswell above the $982 million analysts had been expecting.

Bottom line, Lyft recorded a loss of $187.6 million, up from nearly $197 million a year earlier.

EBITDA income was $22.7 million, down from nearly $55 million a year earlier.

The company had 19.55 million active drivers in the first quarter, an increase of nearly 10 percent year over year.

Lyft has announced another major downsizing one of these days.

Source: Nieuws – Emerce by

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