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  4. Lyft Reports Mixed Q2 Results, But Touts Optimism Ahead as Demand Rebounds
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Lyft Reports Mixed Q2 Results, But Touts Optimism Ahead as Demand Rebounds

Yasin Ebrahim AiVIF.com -- Lyft (NASDAQ:LYFT) reported Thursday mixed second-quarter results as losses were wider than expected, but revenue topped expectations and the...
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Lyft Reports Mixed Q2 Results, But Touts Optimism Ahead as Demand Rebounds © Reuters.

Yasin Ebrahim

AiVIF.com --  Lyft (NASDAQ:LYFT) reported Thursday mixed second-quarter results as losses were wider than expected, but revenue topped expectations and the ride-hailing company touted optimism ahead as ride-sharing activity staged a full recovery from the pandemic lull.

LYFT gained more than 1% in aftermarket hours.

For the second quarter, Lyft reported a loss of $1.08, missing estimates for a loss of $0.05 a share, but revenue of $990.8 million just topped consensus estimates of 989.3 million.

The company said that ride-sharing activity, drivers and rides had rebounded to levels not seen since the pandemic.

Active riders on its platform jumped 15.9% to 19.9 million in the second quarter compared to the same period last year, while revenue per active rider increased 11.8% year-over-year to $44.63.

The contribution margin rose to 59.6% from 59.1% in the quarter, topping the company's estimates of 56%.

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18-08-2022 00:14:43 (UTC+7)

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EUR/USD

1.0166

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 EUR/USD1.0166↑ Sell
 GBP/USD1.2044↑ Buy
 USD/JPY135.40↑ Buy
 AUD/USD0.6926Buy
 USD/CAD1.2915↑ Sell
 EUR/JPY137.65↑ Sell
 EUR/CHF0.9689↑ Sell
 Gold1,775.60↑ Sell
 Silver19.718↑ Sell
 Copper3.5845Neutral
 Crude Oil WTI87.83↑ Buy
 Brent Oil93.36↑ Buy
 Natural Gas9.247↑ Sell
 US Coffee C218.33↑ Buy
 Euro Stoxx 503,756.06Sell
 S&P 5004,273.80↑ Buy
 DAX13,626.71Sell
 FTSE 1007,515.75Neutral
 Hang Seng19,922.45Neutral
 Small Cap 20001,983.75↑ Buy
 IBEX 358,434.80Neutral
 BASF42.685Neutral
 Bayer53.37Neutral
 Allianz177.54Buy
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 Lufthansa6.467↑ Sell
 Siemens AG108.64↑ Sell
 Deutsche Bank AG8.856Neutral
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KRW15,4518,83
Cập nhật lúc 18:50:59 17/08/2022
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