Ride-hailing company LyftThe company's second-quarter results were released after trading on Tuesday.
Lyft reported a loss of $.05 per share and a market expected loss of $0.24 in the second quarter; revenue rose 125 per cent year-on-year to $765 million, compared with a market expectation of $696.9 million; a net loss of $251.9 million and a market expectation of $236 million, compared with a net loss of $437.1 million a year earlier.
Lyft said the number of active passengers in the second quarter increased by more than 3.6 million from the first quarter to 17.14 million, with a market expectation of 15.45 million, compared with revenue of $44.63 per active passenger.
Shares rose about 0.5% in after-hours trading after the results were announced.