lyft lyft: Both companies showed higher-than-expected take rates, and both showed slight reductions in their hefty marketing expenses, according to Market Watch. On Thursday, Uber UBER, -7.62% reported a whopping net loss of 5.2 billion for its second quarter, as a result of 3.9 billion in stock-based compensation expenses and another 298 million for driver-appreciation awards. It may not be immediately obvious in the financial results of the two rivals over the past two days, but the price war between them appears to be gradually abating. But excluding those costs, on a non-GAAP basis, Uber's adjusted loss of 656 million was slightly narrower than the 659 million expected by Wall Street, according to Fact Set. On Wednesday, Lyft LYFT, -4.97% had an even crazier roller-coaster ride after it beat on revenue, but told investors there would be more insider selling soon. Even so, Uber's shares tumbled 6% after hours.
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