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November 10, 2020 10:59 pm GMT

Lyft sees ride revenues recover by nearly 50% in just three months

Shares of Lyft are riding high, popping more than 7% in after-hours trading today after the American ride-hailing giant reported its Q3 earnings. Lyft, which competes with Uber for rideshare, reported revenues of $499.7 million in third-quarter, a 48% drop from the $955.6 million in same year-ago period. That lackluster result is still a 47% […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JTZf3tJiVs4/

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