By Yuvraj Malik (Reuters) - Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and benefits from new user and driver features. It also reported first-quarter revenue and

By Akash Sriram (Reuters) - Lyft reported third-quarter revenue and profit surpassing estimates on Wednesday, but gross bookings growth was lower than larger rival Uber's ride-hailing business. Gross bookings, which is a metric Lyft started disclosing in the third quarter measuring total

By Akash Sriram Lyft: (Reuters) - Lyft's shares fell more than 7% on Wednesday as investors feared the ride-hailing platform's focus on competitive pricing to gain market share would muddy its path to profitability. The company and its more dominant rival, Uber,

Lyft logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration By Akash Sriram and Aditya Soni (Reuters) - Lyft Inc CEO David Risher said on Friday the ride-hailing company will "significantly" cut jobs in another round of layoffs to