Sees Q3 EBITDA margin 7%. Sees Q3 revenue per ride lower than last year. Sees Q3 contribution margin 45%. Sees Q3 operating expense as a percent of revenue 40%-41% Says entering Q3 on solid footing. Sees Q4 revenue up low to mid single digits quarter over quarter. Sees Q4 EBITDA margin in line to slightly lower than Q2. Says healthy supply trends in July. Says 35% more drivers use Lyft than last year. Says rider demand grew 17% in July. Sees Q3 rideshare volume growth 20%. Comments taken from Q2 earnings conference call.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LYFT: