Lyft’s Revenue Grows 3% As Legal and Regulatory Reserves Mar Top Line

Lyft, the no. 2 ridehailing firm, reported 3% higher revenue of $1.6 billion in the fourth quarter, sending its stock plunging 15% in after-hours trading. But Lyft said that excluding changes to legal, tax, and regulatory reserves, its revenue would have risen 13%.

The company reported 19% ...