Nov
18
Leaked Lyft Financials Show the Struggles of Being No. 2 Behind Uber
ByIn the first half of the year, the ride-sharing company generated less revenue, lost more money, and added fewer customers than projected in February.
Photographer: Patrick T. Fallon/Bloomberg
Ride-sharing pioneer Lyft is heading back to the fundraising till, but its numbers may not look that rosy to investors. The company lost $127 million in the first half of 2015 on $46.7 million in revenue, according to private fundraising documents obtained by Bloomberg.
Lyft, the second-biggest U.S. ride-hailing service, is raising roughly $500 million as the company burns through tens of millions of dollars a month, according to a fundraising presentation compiled by Credit Suisse. It highlights tepid financial performance at Lyft and reveals that the company has repeatedly underperformed its own expectations…
Leaked Lyft Financials Show the Struggles of Being No. 2 Behind Uber
