News
Lyft Reports Q3 Revenue Below Estimates
Lyft reported third-quarter revenue of $1.82 billion, short of the expected $1.92 billion. Adjusted EBITDA beat expectations at $203.9 million. Gross bookings reached $5.6 billion, just below the forecast of $5.61 billion, with 273.5 million rides. Lyft predicts fourth-quarter gross bookings between $5.74 billion and $5.94 billion and plans to expand its Waymo robotaxi fleet in Nashville by the end of the year.