(AOF) – Offering a service of transport cars with driver, Lyft shows a net loss of 114.3 million dollars in the second quarter of 2023 against 187.6 million dollars in the first quarter of 2023. In this quarter, the loss margin net was 11.2% compared to 18.8% in the previous quarter. Adjusted EBITDA was $41 million versus $22.7 million in the first quarter. Its revenue at $1.021 billion increased 3% year-on-year. It reflects a strong increase in carpooling trips, up 18% year-on-year.
On the outlook side, Lyft is targeting third-quarter revenues of between $1.13 billion and $1.15 billion. It is also counting on an adjusted Ebitda between 75 and 85 billion dollars.
AOF – LEARN MORE
Learn more about the Utilities sector
The challenges of water recycling
According to a report by the World Economic Forum, the demand for water will jump by 55% by 2050. However, only 11% of water is recycled worldwide, with strong disparities depending on the country: if this rate reaches 89% in Israel, it drops to 15% in Spain. It is even less than 1% in France! The leader of Veolia nevertheless estimates that the rate of 10% targeted by 2030, within the framework of the new Water plan announced by the authorities, is achievable under certain conditions. First and foremost is administrative simplification. Veolia is committed to tripling its production of recycled water by 2030 to bring it to 3 billion m3. In this field, the world leader in environmental services strengthened its know-how during its takeover bid on the former Suez group.