Lyft Announces Second Quarter Results

Results reflect strong cost management and execution in challenging environmentEnded quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investmentsSAN FRANCISCO, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its second quarter ended June 30, 2020.a??While rideshare rides in the quarter were down significantly year-over-year, we are encouraged by the recovery trends we are beginning to see, with monthly rideshare rides in July up 78% compared to April,a?? said Logan Green, co-founder and chief executive officer of Lyft.A  a??Lyfta??s second quarter results reflect an operating environment that was not only challenging for our core ridesharing business, but also for our valued riders and drivers and the communities we serve. Our performance reinforces our belief that Lyft is taking on the critical work necessary to emerge from the crisis as a stronger company.a??Second Quarter 2020 Financial Highlights
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