[BUSINESS]■ STORY TIMELINE

LYFT BEATS REVENUE ESTIMATES IN Q1 WITH 14% GROWTH

Lyft reported first-quarter revenue of $1.65 billion, exceeding analyst expectations and marking 14% year-over-year growth. Gross bookings also surpassed estimates, climbing 19% to $4.95 billion.

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Techmeme+0m

Lyft reports Q1 revenue up 14% YoY to $1.65B, vs. $1.63B est., gross bookings up 19% to $4.95B, vs. $4.91B est., and rides up 8.5% to 236.9M, vs. 241.2M est. (Kelly Cloonan/Wall Street Journal)

Kelly Cloonan / Wall Street Journal: Lyft reports Q1 revenue up 14% YoY to $1.65B, vs. $1.63B est., gross bookings up 19…

Techmeme+4d 12h

JD.com reports Q1 revenue up 4.9% YoY to $46.5B, above ~$45.8B est., and adjusted net profit down 42% YoY to $1B, amid a fierce food delivery battle in China (Wall Street Journal)

Wall Street Journal: JD.com reports Q1 revenue up 4.9% YoY to $46.5B, above ~$45.8B est., and adjusted net profit down 4…

Techmeme+6d 10h

Foxconn reports Q1 revenue up 29% YoY to ~$67B and net profit up 19% YoY to ~$1.6B, meeting est., as it boosts AI server production, its largest revenue source (Wall Street Journal)

Wall Street Journal: Foxconn reports Q1 revenue up 29% YoY to ~$67B and net profit up 19% YoY to ~$1.6B, meeting est., a…

Techmeme+6d 12h

SMIC reports Q1 revenue up 11.5% YoY to ~$2.5B and net profit up 5% YoY to ~$197.4M, below $223.6M est., weighed down by higher operating expenses, up 30% YoY (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal: SMIC reports Q1 revenue up 11.5% YoY to ~$2.5B and net profit up 5% YoY to ~$197.4M, b…

Techmeme+6d 13h

Klarna reports Q1 revenue up 44% YoY to $1.01B, above est., GMV up 33% to $33.7B, active customers up 20% to 119M, and a $1M profit, up from a $99M loss YoY (Connor Hart/Wall Street Journal)

Connor Hart / Wall Street Journal: Klarna reports Q1 revenue up 44% YoY to $1.01B, above est., GMV up 33% to $33.7B, act…

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