Lyft Sees Q4 Gross Bookings Of ~$3.6B-$3.7B; Adj. EBITDA $50M-$60M
Portfolio Pulse from Benzinga Newsdesk
Lyft expects Q4 gross bookings of approximately $3.6 billion to $3.7 billion, and adjusted EBITDA of $50 million to $60 million. The company anticipates Q4 revenue to grow mid-single-digits quarter-over-quarter, and adjusted EBITDA margin to be roughly in line with the 4% achieved in Q2 of 2023. Lyft has not provided a GAAP reconciliation due to uncertainty and potential variability of reconciling items such as stock-based compensation and income taxes.
November 08, 2023 | 9:10 pm
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Lyft's Q4 outlook indicates strong performance with gross bookings and adjusted EBITDA expected to be high. However, the lack of a GAAP reconciliation due to uncertainty around stock-based compensation and income taxes could be a concern for investors.
Lyft's projected high gross bookings and adjusted EBITDA for Q4 indicate strong performance, which could positively impact the stock price. However, the lack of a GAAP reconciliation due to uncertainty around stock-based compensation and income taxes could raise concerns among investors, potentially tempering the positive impact.
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