The $130 million in revenue for 2014 is based on the combined net revenue from Lyft Classic and gross revenue from Lyft Line during the month of December, which implies $10.8 million in revenue during that month.
But that doesn't make sense, why would they use a year old run rate instead of actual revenue numbers? This presentation was seemingly somewhat recent.
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What is this sentence supposed to mean?
They took the $10.8m in December 2013 revenue and multiplied by 12 to get the $130m number.
Also commonly referred to as "revenue runrate".
But that doesn't make sense, why would they use a year old run rate instead of actual revenue numbers? This presentation was seemingly somewhat recent.
Also did Lyft Line even exist in 2013?
Yeah, I think they used the December 2014 numbers.