News Formal

Lyft's third-quarter earnings were thanks to three key areas - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Delayed spending, fewer promotions, and 'rationalization': How Lyft surprised Wall Street as it continues to gain ground on Uber.

There's one word that ride-hailing executives from Uber and Lyft can't quit saying: rationalization.

Insurance has always been tricky for ride-hailing, as insurers struggle to account for the risk imposed by extra driving miles and the commercial operation of vehicles by individuals working for Uber or Lyft. "I am pleased to report that the cost of insurance required for ridesharing as a percentage of revenue was lower in the third quarter than in the second," he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lyft gaining on Uber going into third-quarter earnings, new data shows - Business Insider'We prefer Lyft,' an HSBC analyst said going into both ride-hailing companies' third-quarter earnings reports this month.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Lyft set to report earnings after the bellAnalysts will be paying close to attention to Lyft's losses in its third quarter results.
Source: CNBC - 🏆 12. / 72 Read more »