https://techcrunch.com/2020/05/06/lyft-shares-rally-14-after-it-reports-q1-revenue-growth-of-23-to-955-7m/

Fresh off of a large round of layoffs, Lyft reported its Q1 results this afternoon. The ride-hailing company disclosed that it generated revenue of $955.7 million in the first three months of 2020, up 23% from its year-ago Q1 revenue result of $776 million.

The company’s net loss of $398.1 million was also an improvement on its year-ago, IPO-impacted result. On an adjusted basis, Lyft lost $97.4 million, and its adjusted EBITDA result was a slightly better -$85.2 million. Lyft lost $1.31 per share in the quarter.