Lyft Shares Rise After Q1 Results but Slides 5.25%
Lyft (
LYFT), a ride-hailing company, reported mixed Q1 results, with quarterly losses of 8 cents per share, which missed the analyst consensus estimate of earnings of 3 cents per share. However, quarterly sales were $1.28 billion, beating the consensus estimate of $1.16 billion by 10.02%. This represents a 27.59% increase over the same period last year. Gross bookings for the first quarter were $3.7 billion, up 21% year-over-year.
CEO David Risher praised Lyft's strong start in 2024, stating that the company is executing well and bringing innovation to the market. Lyft saw second-quarter gross bookings of between $4 billion and $4.1 billion, adjusted EBITDA of between $95 million and $100 million, and an adjusted EBITDA margin of approximately 2.4%. The company remains on track to generate positive free cash flow for the full year.
LYFT), a ride-hailing company, reported mixed Q1 results, with quarterly losses of 8 cents per share, which missed the analyst consensus estimate of earnings of 3 cents per share. However, quarterly sales were $1.28 billion, beating the consensus estimate of $1.16 billion by 10.02%. This represents a 27.59% increase over the same period last year. Gross bookings for the first quarter were $3.7 billion, up 21% year-over-year. CEO David Risher praised Lyft's strong start in 2024, stating that the company is executing well and bringing innovation to the market. Lyft saw second-quarter gross bookings of between $4 billion and $4.1 billion, adjusted EBITDA of between $95 million and $100 million, and an adjusted EBITDA margin of approximately 2.4%. The company remains on track to generate positive free cash flow for the full year.
⭐⭐⭐ Sign Up for Free ⭐⭐⭐
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.