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Lyft reported second-quarter earnings on Tuesday, easily beating on both the top and bottom lines. The company also beat Wall Street expectations for active riders.
Lyft stock was up around 1% in after-hours trading.
Here are the key numbers:
- Loss per share: 5 cents vs 24 cents per share expected in a Refinitiv survey of analysts
- Revenue: $765 million vs $696.9 million expected by Refinitiv
- Active riders: 17.14 million vs 15.45 million expected, per StreetAccount
- Revenue per active rider: $44.63 vs $45.36 expected, per StreetAccount
The company reported its first quarterly adjusted EBITDA profit, posting $23.8 million. That’s a quarter earlier than the company had targeted. EBITDA refers to…
Source cnbc.com
