Related: Lyft Has Started a Daily Rental Service — What Does it Mean?
Lyft Reports Q2 Revenue of $867M
Net loss for Q2 2019 was $644 million vs. a net loss of $179 million in the same period of 2018.
August 12, 2019
Net loss margin was 74.3% in the quarter and 35.4% in the second quarter of 2018.
Photo via Lyft.
1 min to read
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
More Rental Operations
European Booked Car Rental Rates Fell 5%, Results Varied by Country
Ireland, Cyprus, and the United Kingdom saw steep declines, while booked rates rose in Poland and Hungary.
Read More →
Is It Time to Rethink Rental Categories?
As traditional economy and compact cars disappear from the market, longtime rental operator Mike DeLorenzo asks whether the industry’s familiar vehicle categories still make sense — and what operators need to rethink along with them.
Read More →
Who Owns the Rate? AI Is Creating a New Distribution Problem for Car Rental
Generative Engine Optimization asks whether AI can find a rental company, but operators also need to know whether the agent inspected enough of the market, compared equivalent offers, and presented a rate the traveler can actually book. (Part 1 of 2)
Read More →
U.S. Business Travel Car Rental Rates Forecast to Rise Up to 2%
Improved fleet supply should limit pricing gains in 2026-27, while insurance, repair costs, and softer residual values continue to pressure rental operations, according to Amex GBT.
Read More →
Sixt Revenue Tops $2.4 Billion in First Half of 2026
Sixt’s first-half revenue surpassed $2.4 billion for the first time as demand outpaced fleet growth, lifting utilization and earnings despite weaker consumer sentiment in North America.
Read More →
In Memoriam: Bobby Klyce, Avis Licensee Legend
The longtime Birmingham Avis operator and 2018 Auto Rental News Impact Award recipient was remembered as an advocate for independent licensees and the broader car rental industry.
Read More →
How to Build Custom Fleet Tools With AI and Vibe Coding [Webinar]
A new Automotive Fleet webinar explores how fleet managers are using AI and vibe coding to automate routine work and create simple operational tools without traditional programming skills.
Read More →
Car Rental Rates Forecast to Rise 3.6% in 2026 Before Easing in 2027
Car rental rates are projected to rise less than airfares and hotel rates in 2026, then become the only major travel category forecast to decline in 2027, according to projections from GBTA and ALTOUR.
Read More →
Avis Cuts Fleet as Summer Demand Trails Expectations
Avis Budget Group increased second-quarter earnings despite lower Americas revenue and softer-than-expected summer demand. The company also expanded Avis First and advanced its autonomous fleet operations with Waymo.
Read More →
Why Bookings Are Only the Start of the Rental Day
A reservation captures demand. The operating test is whether the business can keep the customer, vehicle, commercial terms, and next action aligned until the rental is closed.
Read More →