Uber competitor Lyft Inc. reported a significantly lower loss than expected on Tuesday and reiterated that its goal is to make an adjusted profit in the third quarter, thanks to continued cost savings, which allows the company to earn more every time it travels .
elevator Reported The adjusted loss before interest, taxes, depreciation and amortization was $73 million, and the net loss was $427 million.
Sales of 609 million US dollars, higher than analysts’ expectations.
Lyft now has 13.4 million active passengers.
Although the app-driven taxi service is slowly crawling out of the valley, it is companies like Uber and Lyft Not with you. They are struggling with a shortage of drivers, and US Secretary of Labor Marty Walsh (Marty Walsh) hopes that freelancers will be paid as regular employees.
After Walsh’s comments, Uber and Lyft’s stock prices fell 8% to 12% because these companies rely on cheap and flexible labor.
Tonight, Uber will release its quarterly data. Investors expect the company to record $3.3 billion in revenue and a net loss of $450 million.