Lyft Inc

LYFT

Equity

ISIN US55087P1049 / Valor 46755164

NASDAQ (2024-12-26)

USD 13.77-1.01%

Lyft Inc
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About company

Lyft Inc is a transportation network company that provides ride-hailing services through a mobile app.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the third quarter of 2024, Lyft Inc. reported a significant revenue increase, reaching $1.5 billion, which marks a 32% growth year-over-year. This substantial rise in revenue reflects the company's successful strategies and innovations introduced throughout the year.

Gross Bookings

Lyft Inc. achieved gross bookings of $4.1 billion in Q3 2024, representing a 16% increase compared to the same period in the previous year. This growth indicates a strong demand for Lyft's services and an expanding user base.

Net Loss

For the third quarter of 2024, Lyft Inc. reported a net loss of $(12.4) million, which includes a restructuring charge of $36.4 million. This figure is slightly higher than the net loss of $(12.1) million recorded in Q3 2023, indicating ongoing financial adjustments within the company.

Adjusted EBITDA

Lyft Inc.'s adjusted EBITDA for Q3 2024 was $107.3 million, showing an improvement from $92.0 million in the same quarter of the previous year. The adjusted EBITDA margin as a percentage of gross bookings remained flat year-over-year at 2.6%.

Operational Highlights

During the third quarter of 2024, Lyft Inc. reached record highs in operational metrics, with 24.4 million active riders and 217 million rides, marking year-over-year increases of 9% and 16%, respectively. These records underscore the company's growing market presence and user engagement.

Summarized from source with an LLMView Source

Key figures

-10.1%1Y

-68.8%3Y

-69.9%5Y

Performance

66.7%1Y

77.0%3Y

74.0%5Y

Volatility