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Lyft cuts losses as revenue surges - the Information


Reuters

Nov 30 (Reuters) - Ride-hailing company Lyft's losses narrowed in the first half of the year as revenue more than tripled to $483 million, technology news website the Information reported on Thursday.

Lyft declined to comment.

Lyft's net loss fell 27 percent to $206 million for the first half of 2017, the Information said, citing the company's financial statements.

Lyft's biggest rival is industry leader, Uber Technologies Inc, whose third-quarter losses widened as it wades through legal troubles and faces regulatory scrutiny across the globe, a source said on Tuesday.




This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Earnings


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