Earnings

Lyft earnings Q2 2021

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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

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