Lyft reports Q1 revenue up 14% YoY to $1B, net loss of $187.6M vs. $196.9M YoY, and active riders up 9.8% YoY to 19.5M; LYFT drops 13%+ on weak Q2 guidance (Akash Sriram/Reuters) 04-05-2023

Akash Sriram / Reuters:
Lyft reports Q1 revenue up 14% YoY to $1B, net loss of $187.6M vs. $196.9M YoY, and active riders up 9.8% YoY to 19.5M; LYFT drops 13%+ on weak Q2 guidance — Lyft Inc’s (LYFT.O) forecast second-quarter revenue and core profit below estimates on Thursday amid tough competition from larger rival Uber …