Ride-hailing company Lyft released its Q2 earnings after the bell on Tuesday, recording a massive 125% increase in year-over-year revenue and a 25% gain on last quarter’s revenue, while also recording profitable adjusted earnings before interest, taxes, depreciation and amortization for the first time in its history.
The company brought in $765 million in revenue for the quarter compared to $339.3 million last year. In its earnings call, Lyft’s (NASDAQ: LYFT) executive team said that this was...