While Lyft handily topped Wall Street's expectations for its first-quarter sales figures and its sales outlook, Lyft left out some key details investors were seeking out, according to analysts.On Lyft's conference call Tuesday evening, management was optimistic about the competitive landscape, which was a positive indicator about eventual profitability, according to Asad Hussain, an emerging technology analyst at PitchBook.
While the market doesn't typically appreciate those kinds of"data pull-backs," Hussain said, he wouldn't be surprised if Uber were to make a similar move when the time comes for its own quarterly reports. "Limited detail from LYFT around core metrics like number of rides, bookings and take-rate make it more difficult to decipher trends in unit economics and competitive dynamics," he wrote.
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