Lyft loses money in 3rd quarter, says it will make a profit in 2 years
SFGate -

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...

Read this story at

Loading...

Related Articles