Lyft posts adjusted profit 3 months ahead of goal

Fast pace: A passenger getting ready to get into his Lyft ride in Los Angeles. Ridership has grown by more than 3.6 million from the first three months of the year in the United States. ― Bloomberg

TEXAS: Lyft Inc has posted an adjusted quarterly profit three months ahead of target as it kept costs down while rides rebounded.

The company made an adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the first time in its nine-year history. For the three months ending in June, it posted adjusted earnings of US$23.8mil (RM100.6mil).