Lyft (LYFT) Q1 Revenues Beat

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Go back to Lyft (LYFT) Q1 Revenues Beat

Lyft Announces First Quarter Results

May 6, 2020 4:06 PM EDT

First quarter revenue grew to $955.7 million, up 23% year-over-year
Ended quarter with $2.7 billion of unrestricted cash, cash equivalents and short-term investments

SAN FRANCISCO, May 06, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq: LYFT) today announced financial results for its first quarter ended March 31, 2020.

First Quarter 2020 Financial Highlights

Lyft reported Q1 revenue of $955.7 million versus $776.0 million in the first quarter of 2019, an increase of 23 percent year-over-year. Net loss for Q1 2020 was $398.1 million versus a net loss of $1.1 billion in the same period of 2019.... More