Market Updates
Lyft Loss Expands as Active Rider Base Growth Slows
Scott Peters
05 Aug, 2022
New York City
Lyft Inc soared 14.5% to $19.92 after the ride-hailing company reported second quarter revenues jumped 30% from a year agon and 19% from the previous month to $990.7 million.
Net loss in the quarter rose to $377.2 million from $251.9 million a year ago.
Active riders in the second quarter increased 15.9% to 19,8 million and revenue per active rider jumped 11.8% to $49.89.
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