Lyft Q2 Earnings Highlights: Revenue Beat, EPS Beat, Q3 Guidance, Rides Up 18% YoY And More
Portfolio Pulse from Chris Katje
Lyft Inc reported Q2 financial results with revenue of $1.02 billion, up 3% YoY, and EPS of 16 cents, beating Street consensus estimates. The company reported 21.5 million active riders, up 8.2% YoY, and rideshare rides up 18% YoY. Lyft is guiding for Q3 revenue in a range of $1.13 billion to $1.15 billion, and adjusted EBITDA in a range of $75 million to $85 million. However, Lyft shares are down 2.34% in after-hours trading.

August 08, 2023 | 8:38 pm
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NEGATIVE IMPACT
Lyft's Q2 results beat estimates and showed growth in active riders and rideshare rides. However, shares fell in after-hours trading.
Despite positive Q2 results and growth in key metrics, Lyft's stock price fell in after-hours trading, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100