Investors cheer as Lyft's Q1 revenue didn't fall as much as expected – TechCrunch
Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street, had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of the year. As of the time of writing those gains have fallen to a smaller 2.5% gain. Turning to its results, Lyft’s revenue fell 36%, to $609 million, in the first quarter of 2021 com...
Source: techcrunch.com