(CercleFinance.com) – The VTC Lyft service platform announced Tuesday evening a net loss of 114.3 million dollars for the second quarter of 2023, or 30 cents per share, compared to 377.2 million, or 1 $.08 per share, a year ago.
The group returned to a positive adjusted EBITDA margin, at 4% compared to -19.8% in the second quarter of 2022, and its turnover increased by 3% to 1.02 billion dollars, reflecting strong growth 18% of carpooling trips.
For the current quarter, Lyft indicates that it expects adjusted EBITDA between 75 and 85 million dollars, therefore representing a margin of around 7% for an expected turnover of around 1.13 to 1.15 billion.
If it considers the second quarter figures ‘generally correct’ and the forecast for the third ‘better than expected’, Susquehanna points ‘to the company’s initial comments on the expectations of the fourth quarter below estimates’.
Copyright (c) 2023 CercleFinance.com. All rights reserved.