Lyft stock slumps on weaker-than-expected forecast, reports Q2 profit
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Lyft Announces Q2 2024 Results, Including First-Ever Quarter of GAAP Profitability
August 7, 2024 6:00 AM EDTAchieved All-time High Active Riders and Rides
SAN FRANCISCO--(BUSINESS WIRE)-- Lyft, Inc. (Nasdaq: LYFT) today announced financial results for the second quarter ended June 30, 2024.
For over a year you've heard us say that customer obsession drives profitable growth," said CEO David Risher. In Q2 we delivered, and drivers and riders are choosing Lyft in record numbers.
Our platform is growing in a very healthy way as evidenced by the strength of our financial results, including strong cash flow generation and GAAP Net income,... More
