Lyft (LYFT) Tops Q3 EPS by 9c, Revs Beat; Raises Outlook
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Lyft Announces Record Third Quarter Results
October 30, 2019 4:06 PM EDTThird quarter revenue grew to $956 million, up 63% year-over-year
Raising outlook for fiscal 2019
SAN FRANCISCO, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq: LYFT) today announced financial results for its third quarter ended September 30, 2019.Â
Our third quarter results demonstrated the significant progress Lyft has made on our path to profitability. Record revenue was generated by strong growth in both Active Riders and Revenue per Active Rider as we continue to increase engagement through product innovation and execution, said Logan Green, co-founder and chief executive officer of Lyft. Our continued focus on consumer... More
