Lyft is continuing to lose staggering sums of money as it barrels ahead with impressive revenue growth, but its executives said they believe the company will turn a corner and reach profitability in about two years.
The ride-hailing heavyweight posted revenue of $955.6 million in the third quarter, up 63% from the same time last year, the company said Wednesday. That beat expectations of analysts.
But the company lost $463.5 million in the quarter, compared with a $249.2 million loss a year...
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