https://techcrunch.com/2019/05/07/lyft-lost-1-14b-in-q1-2019-on-776m-in-revenue/ > In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability. > The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s earnings surpassed Wall Street estimates of $740 million while losses came in much higher as a result of IPO-related expenses.