Jackie Davalos / Bloomberg:
Lyft reports Q1 revenue of $875.6M, up 44% YoY, vs $844.5M est., and a net loss of $196.9M, but misses on 17.8M active riders, vs 18M expected; stock down 20%+ — Lyft Inc. reported revenue that beat analysts’ estimates, fueled by resilient demand for ride-hailing even as the omicron variant curbed travel earlier this year.
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