(Reuters) - Ride-hailing company Lyft’s losses narrowed in the first half of the year as revenue more than tripled to $483 million, technology news website the Information reported on Thursday.
Lyft declined to comment.
Lyft’s net loss fell 27 percent to $206 million for the first half of 2017, the Information said, citing the company’s financial statements.
Revenue for the year-ago period is estimated to be around $150 million, although comparison is difficult because of accounting changes, the website said.
Lyft’s biggest rival is industry leader, Uber Technologies Inc, whose third-quarter losses widened as it wades through legal troubles and faces regulatory scrutiny across the globe, a source said on Tuesday.
Reporting by Arjun Panchadar and Akshara P in Bengaluru; Editing by Anil D'Silva and Richard Chang