Lyft posts qtrly loss per share $1.31

Lyft inc qtrly loss per share $1.31; qtrly adjusted net loss $97.4 million.lyft inc qtrly revenue $955.7 million versus $776.0 million.lyft inc - qtrly revenue per active rider $45.06 versus $37.86.lyft inc - qtrly cost of revenue $542.4 million versus $462.9 million.lyft inc - qtrly contribution of $547.4 million versus $384.9 million; qtrly contribution margin rose to 57.3% from 49.6%.lyft inc - responding to the pandemic with an aggressive cost reduction plan.lyft inc - ended quarter with $2.7 billion of unrestricted cash, cash equivalents and short-term investments.lyft inc - expect to remove about $300 million from annual expense run-rate by q4 2020 relative to original expectations for 2020.lyft inc - qtrly total costs and expenses $1.37 billion versus $1.93 billion.lyft inc - active riders grew 3% to over 21.2 million in quarter.
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