U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts’ expectations.
The public company had Q4 2021 revenues of $969.9 million, up around 70% from its year-ago quarter that was hit hard by the pandemic and its economic disruptions. On a sequential basis, Lyft grew 12% from its Q3 top line result.
In the fourth quarter, Lyft’s net loss came to $258.6 million, inclusive, the company is quick to point out, of “$164.2 million of stock-based compensation and related payroll tax expenses and $122.3 million expense …
