Lyft Reports Q2 Revenue of $867M

Lyft reported Q2 revenue of $867 million for 2019 vs. $505 million in the second quarter of 2018, an increase of 72% year-over-year.  

Net loss for Q2 2019 was $644 million vs. a net loss of $179 million in the same period of 2018. Net loss for Q2 includes $297 million of stock-based compensation and related payroll tax expenses, as well as $141 million related to changes to the liabilities for insurance required by regulatory agencies attributable to historical periods.

Net loss margin was 74.3% in the quarter and 35.4% in the second quarter of 2018.

Adjusted net loss was $197 million vs. an adjusted net loss of $177 million in the second quarter of 2018. 

Q3 Outlook:

• Revenue to be between $900 million and $915 million 
• Q3 revenue growth to be between 54% and 56% year-over-year
• Adjusted EBITDA loss to be between $190 million and $210 million