Lyft Sees Bookings, Ad Business Jumping Over the Next Few Years
LYFTLyft(LYFT) Investopedia·2024-06-07 00:46

Key Takeaways Lyft used its first investor day Thursday to predict its annual gross bookings will increase 15% per year through 2027. The ridesharing firm also gave guidance on future adjusted EBITDA margin and free cash flow conversion. Lyft also expects a big jump in how much it takes in for advertising on its app, in-car tablets, and top-of- car screens. Lyft (LYFT) shares gained Thursday as the ridesharing company gave an optimistic long-term outlook at its first investor day. The company said it expect ...