Lyft still aims to be profitable by the end of next year

Michelle Cheng
·3-min read
Lyft still aims to be profitable by the end of next year

As the pandemic continues to take its toll, Lyft announced a 61% drop in second-quarter revenue and a net loss of more than $430 million. “If our efforts here are not successful it would force us to suspend operations in California,” Zimmer said.