Lyft went public on Friday at a valuation above $20 billion, but last year it had a net loss of $911 million. During the roadshow leading up to its IPO, Lyft promised investors it would eventually make 20% EBITDA margins, but it was vague about the timeline and strategy for how it would get there.

» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

#CNBC
#Lyft

Lyft Is Losing Money