Lyft's second quarter was way better than Wall Street expected and the stock is soaring

• Lyft on Wednesday released its second-quarter earnings report, which beat Wall Street's expectations on revenue and boosted guidance for 2019.
• Shares of the company surged more than 10% in after-hours trading following the news. Follow the stock in real-time here.
• Visit Business Insider's homepage for more stories.

Lyft on Wednesday reported second-quarter revenues that topped Wall Street's expectations, while boosting its guidance for the full year.

Here are the important numbers:

• Revenue: $867 million
• Net loss: $644 million
• Earnings per share: $-2.23 (a loss)
• Active riders: 21.8 million

Shares of Lyft, which went public in March, rose as much as 7% in after-hours trading following the news.

"Lyft's second quarter was marked by strong execution and important advances in our product and platform," CEO Logan Green said in a press release. "This translated to record revenue driven by better than expected Active Rider growth and Revenue per Active Rider monetization."

Lyft previously said in its first-quarter earnings release, its first post-IPO, that it expects 2019 to be its worst year for financial losses.

"We anticipate 2019 will be our peak loss year as we then move steadily towards profitably on a consolidated basis," chief financial officer Brian Roberts said at the time.

This story is developing. Check back for updates…