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Lyft's Recovery Continued During Q2 2022 – As Did Losses



Report Summary:

Lyft reported second quarter revenue of USD $990.7M, up 30% from the year-ago period.  Despite this increase in revenue, Lyft lost $377.2M, widening from a loss of $251.9M a year ago.  Due to these losses, the company is pursuing a variety of growth and cost savings initiatives intended to better position Lyft for profitability. This Insight discusses Lyft’s earnings and plans related to its Q2 2022 earnings report.

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