Lyft reported a net loss of $251.9 million in the second quarter, a 42% improvement from the $437.1 million it lost in the same period last year, but still a steeply negative figure.

It’s still a small portion of the business, which in the second quarter saw revenue of $1.4 billion. But any amount helps to stay in the green — Lyft recorded an operating loss of $27 million in the ...

The US$4.0b market-cap company’s loss lessened since it announced a US$340m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$65m, as it approaches breakeven.

Today after the bell, U.S. ride-hailing company Lyft reported its second quarter financial performance. Lyft also managed to produce positive adjusted EBITDA in the quarter, a profit metric favored by ...