https://wccftech.com/lyfts-third-quarter-earnings-solid-results-met-with-a-stock-market-whimper/

Lyft (NASDAQ:LYFT), the San Francisco-based ridesharing company, posted record results for the third quarter of 2019. The company exceeded revenue expectations by 63 percent as promotions stimulated a robust growth in both Active Riders as well as Revenue per Active Rider.

“Our third quarter results demonstrated the significant progress Lyft has made on our path to profitability. Record revenue was generated by strong growth in both Active Riders and Revenue per Active Rider as we continue to increase engagement through product innovation and execution,” said Logan Green, the co-founder and CEO of Lyft. Mr. Green went on to say that, “… we now expect to be profitable on an Adjusted EBITDA basis in the fourth quarter of 2021.”