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23 Lyft’s Revenue Grows 3% As Legal and Regulatory Reserves Mar Top Line

The Information
Martin Peers @ The Information 1 place · today 17:26 EDT

Lyft’s Revenue Grows 3% As Legal and Regulatory Reserves Mar Top Line

Lyft, the no. 2 ridehailing firm, reported 3% higher revenue of $1.6 billion in the fourth quarter, sending its stock plunging 15% in after-hours trading. But Lyft said that excluding changes to legal, tax, and regulatory reserves, its revenue would have risen 13%. The company reported 19% ...

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