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Lyft Beats on Bookings, Adds New Riders

Lyft Inc. reported first-quarter results and financial guidance that beat investors’ expectations, a sign of the company’s ability to retain and attract new riders in the US and Canada.Gross bookings — a key industry metric representing the value of transactions for rides excluding tips — jumped 21% to $3.69 billion for the first three months of the year, the company said Tuesday, surpassing analysts’ estimates of $3.59 billion on average....

Read more at bloomberg.com

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