DATABASES Signal 419
Lyft reports Q2 revenue up 16% YoY to $1.84B, vs. $1.81B est., rides up 12% to 262.4M, and expects Q3 gross bookings growth to slow to 15%-19% (Kelly Cloonan/Wall Street Journal)
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Lyft reported Q2 revenue of $1.84B (up 16% YoY, beating the $1.81B estimate), 262.4M rides (up 12%), and guided Q3 gross bookings growth to slow to 15%-19%.
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Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Lyft's Q2 revenue reached $1.84B, a 16% year-over-year increase, slightly above the $1.81B analyst estimate.
Rides grew 12% to 262.4M, and gross bookings rose 23% to $5.5B for the quarter.
Lyft expects Q3 gross bookings growth to decelerate to a range of 15%-19%.
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