LYFT Q2 Earnings & Revenues Beat, Gross Bookings Rise Y/Y
LYFTLyft(LYFT) ZACKS·2024-08-09 01:05

Lyft Inc. (LYFT) reported second-quarter 2024 earnings of 24 cents per share, which beat the Zacks Consensus Estimate of 19 cents and improved year over year.Revenues of 1.435billionalsooutpacedtheZacksConsensusEstimateof1.435 billion also outpaced the Zacks Consensus Estimate of 1.386 billion and improved 40.6% year over year, reflecting growth in the rideshare market. Active riders increased 10.2% year over year to 23.7 million.Gross bookings reported for the quarter were $4.018 billion, marking a year-over-year increase of 17%.Lyft’s adjusted EBITDA in ...