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Lyft touts fast revenue growth amid rivalry with Uber

Photo: Lyft

Lyft says that in 2017 Q4 it saw 168% in GAAP (generally accepted accounting principles) revenue growth year-over-year, and that it brought "over $1 billion" in GAAP revenue for the whole year.

Why it matters: While Lyft continues to deny IPO rumors, it's not surprise that the ride-hailing company is touting numbers that show it's growing and doing well. Though it's still much smaller than rival Uber, the company is definitely pushing the narrative that it's growing faster (it sent reporters a chart comparing the two).