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flag Lyft reported strong Q2 growth with record bookings and riders, despite slight earnings miss and stock drop.

flag Lyft reported Q2 earnings of $1.59 billion, slightly missing analyst estimates, but surpassed earnings per share expectations at 10 cents. flag The company achieved record highs in rides, gross bookings, and net income, with bookings up 12% to $4.5 billion. flag Active riders increased to 26.1 million, and free cash flow hit a record $329.4 million. flag Despite a 7% post-earnings stock drop, Lyft highlighted growth and profitability gains, along with expansions into autonomous vehicles and Europe through the acquisition of FreeNow.

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