Enterprise financial reportInvestment & EconomyOnline car HailingOnline car rental

1q21 revenue of $600 million, net loss of $420 million From Lift

The following is the 1q21 revenue of $600 million, net loss of $420 million From Lift recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Online car rental, Investment & Economy, Online car Hailing.

On May 5, 2021, LYFT, an American travel service provider, released its financial report for the first quarter of 2021. Among them, the company’s revenue in the first quarter was 609 million US dollars, net loss was 427.3 million US dollars, adjusted loss per share was 1.31 US dollars, adjusted EBITDA loss was 73 million US dollars, reduced by 12.2 million US dollars compared with the loss in the same period last year, and reduced by 77 million US dollars compared with the loss in the previous quarter. Affected by the news, after hours shares of LYFT fell 6.34% to $52.63, with a current market value of $17.312 billion.

In terms of revenue composition, LYFT’s contribution in the first quarter was $337.3 million, down 38% from $547.4 million in the same period last year, but up 7% from $316.0 million in the previous quarter, with a contribution margin of 55.4%. In terms of operation data, the number of active passengers of LYFT in the first quarter was 13.494 million, a decrease of 36.4% compared with 21.211 million in the same period last year, and the revenue per active passenger was $45.13, an increase of 0.2% compared with $45.06 in the same period last year.

On the expense side, LYFT reduced its operation, R & D and sales expenses, with total cost and expenses of $827 million in the quarter, including revenue cost of $412 million, operation and support expenses of $88.9 million, R & D expenses of $238 million, sales and marketing expenses of $78.6 million, and general and administrative expenses of $208 million.

Regarding the first quarter of 2021 results, Logan green, co-founder and CEO of LYFT, said, “the improvements we’ve made in the past year are paying off, and we’ve built a much stronger business than before. As the economic recovery continues, we are confident of strong financial results. We want to build a much larger company by attacking the trillion dollar market opportunities ahead of us. “

Via Tencent technology read more: l yft:4Q20 Revenue of $569.9 million, net loss less than expected LYFT: 2q20 revenue of $339.3 million, net loss narrowed year on year yft:1Q20 Net loss of $398.1 million narrowed sharply year on year ber:4Q20 Revenue $3.2 billion, net loss narrowed 12% year on year When using Uber Vietnam FastGo, Myanmar may raise 3 million US dollars. Di marketing: survey report on car Hailing behavior of Southeast asia.com Uber: 1q20 net loss of 2.936 billion US dollars, year-on-year increase in loss W & S: survey report on taxi Hailing application use behavior in Vietnam Aurora big data: high subsidies are falling behind, what’s the comparison between meituan taxi hailing and didi travel? Uber: 3q20 Revenue $3.1 billion, down 18% on a year-on-year basis

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