LYFT Q1 Earnings & Revenues Beat, Gross Bookings Rise Y/Y
LYFTLyft(LYFT) Zacks Investment Research·2024-05-10 02:40

Lyft Inc. (LYFT) reported first-quarter 2024 earnings of 15 cents per share, which beat the Zacks Consensus Estimate of 9 cents and improved year over year. Revenues of 1,277.2millionalsooutpacedtheZacksConsensusEstimateof1,277.2 million also outpaced the Zacks Consensus Estimate of 1,170.1 million and improved 27.6% year over year, reflecting growth in the rideshare market. Active riders increased 12% year over year to 21.9 million. Gross bookings reported for the quarter were $3.69 billion, marking a year-over-year increase of 21%. Lyft’s adjusted EBITDA ...