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lyn - SAN FRANCISCO , CA , August 3 , 2021 – Lyft , Inc. ( Nasdaq : LYFT ) today announced financial results for its second quarter ended June 30 , 2021 . " We had a great quarter . We beat our outlook across every metric and we have growing momentum , " said Logan Green , co - founder and chief executive officer of Lyft . " Since our inception , we've worked hard to defy the odds with a deep belief in our mission . We've consistently innovated and made big bets and this is just the beginning . We want to improve people's lives with the world's best transportation and we will continue working to deliver on this goal . " Lyft Announces Second Quarter Results Q2 revenue of $ 765.0 million grew 125 % year - over - year Q2 net loss significantly narrowed Achieved Adjusted EBITDA profitability for the first time " Q2 was truly exceptional . We grew Active Riders by more than 3.6 million from the prior quarter , generated 125 % year - over - year revenue growth and achieved Adjusted EBITDA profitability . At the same time , drivers shared in this outperformance with record hourly earnings , " said Brian Roberts , chief financial officer of Lyft . " And in July driver earnings remained strong as demand for our platform continued to grow despite increases in reported COVID case counts . " Second Quarter 2021 Financial Highlights Lyft reported Q2 revenue of $ 765.0 million versus $ 339.3 million in the second quarter of 2020 , an increase of 125 percent year - over - year , and versus $ 609.0 million in the first quarter of 2021 , an increase of 26 percent quarter - over - quarter . Net loss for Q2 2021 was $ 251.9 million versus a net loss of $ 437.1 million in the same period of 2020. Net loss for Q2 includes $ 207.8 million of stock - based compensation and related payroll tax expenses and the $ 20.4 million expense related to the previously disclosed agreement to reinsure certain legacy auto insurance liabilities . Net loss margin for Q2 was 32.9 percent compared to 128.8 percent in the second quarter of 2020 . Adjusted net loss for Q2 2021 was $ 18.0 million versus an Adjusted net loss of $ 265.8 million in the second quarter of 2020 . ● ● ● Lyft reported Contribution for Q2 2021 of $ 452.0 million versus $ 117.3 million in the second quarter of 2020 , up 285 percent year - over - year and up 34 percent from $ 337.3 million in Q1 2021. Contribution Margin for Q2 2021 was 59.1 percent , which was up by 24.5 percentage points year - over - year and up by 3.7 percentage points quarter - over - quarter . Contribution Margin for Q2 2021 exceeded the Company's outlook of 56.5 to 57.5 percent¹ . Adjusted EBITDA for Q2 2021 was $ 23.8 million , marking the Company's first quarterly Adjusted EBITDA profit . Lyft achieved this goal two quarters earlier than initially targeted in 2019 and one quarter earlier than Lyft's most recent guidance² . The Q2 result was an improvement of $ 304.1 million compared to the second quarter of 2020 and an improvement of $ 96.8 million compared to the first quarter of 2021 . Adjusted EBITDA for Q2 2021 was approximately $ 64 million better than the midpoint of the Company's 1 Company outlook for Contribution Margin for the second quarter of 2021 as reported during the first quarter 2021 Financial Results Earnings Call on May 4 , 2021 . 2 Company initial outlook for Adjusted EBITDA profitability was the fourth quarter of 2021 as reported during the third quarter 2019 Financial Results Earnings Call on October 30 , 2019 and accelerated to the third quarter of 2021 as reported during the first quarter 2021 Financial Results Earnings Call on May 4 , 2021 .