Lyft (LYFT) Misses Q2 EPS by 42c, Revenue Beats

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Go back to Lyft (LYFT) Misses Q2 EPS by 42c, Revenue Beats

Lyft Announces Second Quarter Results

August 12, 2020 4:06 PM EDT

Results reflect strong cost management and execution in challenging environment

Ended quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investments

SAN FRANCISCO, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq: LYFT) today announced financial results for its second quarter ended June 30, 2020.

While rideshare rides in the quarter were down significantly year-over-year, we are encouraged by the recovery trends we are beginning to see, with monthly rideshare rides in July up 78% compared to April, said Logan Green, co-founder and chief executive... More