Lyft (LYFT) Q1 Revenue Beats Estimates

Lyft (NASDAQ: LYFT) reported Q1 EPS of ($0.08), $0.16 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.16 billion.

Second Quarter 2024 Outlook:

• Gross Bookings of approximately $4.0 billion to $4.1 billion.
• Adjusted EBITDA of $95 million to $100 million and an Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) of approximately 2.4%.

For earnings history and earnings-related data on Lyft (LYFT) click here.

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