Lyft Reports Strong Revenue Growth, $1.1 Billion Loss

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Lyft Reports Strong Revenue Growth, $1.1 Billion Loss
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Lyft, in its first quarterly report as a public company, said revenue nearly doubled from a year ago, but the ride-hailing firm still posted a loss

Lyft Inc. posted strong growth in its first quarterly report as a public company, with revenue nearly doubling from the year before, even as losses continued to mount.

The San Francisco-based ride-hailing company reported revenue of $776 million in the first three months of the year, up 95% from a year earlier and better than many analysts expected.

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