Sign up to receive 5 free days of our daily summary for tech news.


Lyft’s IPO Filing Shows Revenue Nearly Doubled in Q4 While Loss Rose Slightly

Lyft nearly doubled revenue in the fourth quarter, compared with the year-earlier period, while its net loss rose just 9% to $270 million, the ride-hailing firm revealed in a securities filing. The results suggest Lyft is getting its losses under control as it continues to grow, particularly by cutting spending on advertising. That’s a vital point for investors considering buying stock in its forthcoming initial public offering.

Lyft, the number-two ride hailing firm behind Uber, made the disclosures in its IPO filing, which became public on Friday morning. The filing showed Lyft’s cash burn—cash it is spending for operations and on equipment such as scooters—fell to $349 million in 2018 from about $400 million in 2017. At the end of December, Lyft had about $2 billion in cash and short-term investments. It hopes to raise between $1 billion and $3 billion in the IPO, according to people close to the company.

What Is The Information?

Notes c5deeda06ab4ba3bb64e208f234bfd828cdb7031f4b8d9ef5ffe24616d188b97

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook 6c83b3311db49a8adebea2e7fe2364564e90295556b8e983aea7986068e1a47c

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls 31d2645b356d3bb7470146f8d53ea066d45f6cb5d19dd7b6b299b046c8fac7c0

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events ed23353632f8b00a54b6b229ac78d6aa5e78755fa35c00eb4d0e87d72c711c4f

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here