Lyft Sees Q3 Gross Bookings $4B-$4.1B, Adj. EBITDA Margin ~2.3%
Portfolio Pulse from Benzinga Newsdesk
Lyft projects its Q3 gross bookings to be between $4 billion and $4.1 billion, with an adjusted EBITDA margin of approximately 2.3%.
August 07, 2024 | 10:03 am
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Lyft projects its Q3 gross bookings to be between $4 billion and $4.1 billion, with an adjusted EBITDA margin of approximately 2.3%.
The projected gross bookings and adjusted EBITDA margin indicate positive financial performance for Lyft, which is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100