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PhotoHokieNC

Joined: 12/28/2002 Posts: 143028
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From news source -


"In Q2, Lyft beat on revenue with $867 million for the quarter, compared with $505 million in Q2 of last year, but Lyft also had net losses of $644 million for Q2 compared to $179 million in the same period of 2018. The company pinned their adjusted net loss (which accounts for amortization of intangible assets and stock-based compensation expenses among other expenses) even lower, at $197 million versus $177 million in 2018 Q2.

"What made Wall Street more happy than the individual quarter’s results was Lyft’s optimism for Q3 as well as the full-year 2019. The company updated its outlook for both.

“ 'We remain focused on reshaping transportation and we are pleased with the continued improvement in market conditions. This environment along with our execution is translating to strong revenue growth and sales and marketing efficiencies. As a result of this positive momentum, we anticipate 2019 losses to be better than previously expected and we are pleased to have updated our outlook,' ” a statement attributed to Lyft CEO Logan Green reads."

(In response to this post by MEHOKIE)

Posted: 08/09/2019 at 05:30AM


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Current Thread:
 
  Remarkably different rideshare company -- PhotoHokieNC 08/08/2019 6:28PM
  Apples to undewear -- MEHOKIE 08/08/2019 7:56PM
  From news source - -- PhotoHokieNC 08/09/2019 05:30AM
  I assume only one of these companies will ultimately survive? ** -- BG Hokie 08/08/2019 7:22PM
  Nah. Uber's so much huger and will absorb the loss. ** -- PhotoHokieNC 08/09/2019 05:22AM
  The whole concept is built on VC and lies...doomed to fail -- Hokie Bird 94 08/08/2019 10:02PM
  And another interesting read. -- Hokie Bird 94 08/09/2019 05:18AM
  What's stretching that VMT % point they try to make are -- -- PhotoHokieNC 08/09/2019 05:39AM
  Sure. The obfuscation by these companies tells us a lot though. ** -- Hokie Bird 94 08/09/2019 1:17PM
  Do you mean Lyft & Uber or Fehr & Peers. ** -- PhotoHokieNC 08/09/2019 1:24PM
  Rideshare ** -- Hokie Bird 94 08/09/2019 5:25PM
  Or they will merge like Sirus/XM ** -- EDGEMAN 08/08/2019 7:41PM
  Lyft rides end with happy endings ** -- bigbadbird 08/08/2019 7:16PM
  Uber gave stock to a chunk of their drivers when they went public. ** -- Hokie360 08/08/2019 6:54PM
  In April this was that news - -- PhotoHokieNC 08/08/2019 7:07PM
  That's what this article implied (link) -- Hokie360 08/08/2019 8:41PM
  ARe you saying that is the reason for the loss? ** -- HokieSignGuy 08/08/2019 7:01PM

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