Lyft announced second quarter of 2022 earnings Monday, reporting a net profit on an adjusted basis, compared to a loss last year benefitting from continued recovery in ride-hailing. LYFT shifted gears from initially expecting to ramp up spending in Q2 the ride sharer dialed back those plans. The shift helped EPS and adjusted EBITDA expectations and report one of its strongest quarters in recent history, capitalizing on robust rideshare demand and a more balanced driver supply and demand environment, while … Continue reading “Lyft Capitalizing on Robust Rideshare Demand While Effectively Managing Expenses”