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Lyft, which competes with Uber for rideshare, reported revenues of $499.7 million in the third-quarter, a 48% drop from the $9
adidas campus black 55.6 million in the same year-ago period. That lackluster result is still a 47% improvement over last q
new balance 550 uarter when Lyft reported $339.3 million in revenue. That good Investors were heartened by the improvement and Lyft ability to beat analysts revenue expectations of $486.45 million. The company net loss of $1.46 per share was worse than expected, but investors appeared more bullish than bearish, buying up Lyft equity and boosting its value after the company earnings report.Lyft quarter is a story of year-over-year declines and sequential-quarter gains. On that theme, the company active riders fell 44% compared to the year-ago quarter, and
crocs rose 44% compared to Q2 2020. Its revenue per active rider fell 7% compared to Q3 2019, but rose 2% from the sequentially preceding period.Like Uber, Lyft is enjoying patience fr