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Lyft shows more signs of pandemic recovery with revenue up 7% over last quarter – CNBC

Lyft showed continued signs of pandemic recovery, beating on the top and bottom lines and exceeding Wall Street’s rider expectations for its first quarter.

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Ride-hailing company Lyft showed continued signs of pandemic recovery in its first-quarter earnings report Tuesday. The company beat on the top and bottom lines and exceeded Wall Street’s rider expectations for the quarter.
Shares of Lyft were up 7% in after-hours trading following the report.
Here are the key numbers Lyft reported:

  • Loss per share: 35 cents vs. 53 cents per share expected in a Refinitiv survey of analysts
  • Revenue: $609 million vs. $558.7 million expected by Refinitiv
  • Active riders: 13.49…

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