From Quiver Quantitative:

Lyft has seen a recent increase in its business operations, with projections for the first quarter exceeding analyst estimates. Gross bookings are estimated at $3.5 billion to $3.6 billion, and adjusted EBITDA is expected to reach between $50 million to $55 million. Despite challenges in expanding rider base, Lyft’s driver recruitment efforts and customer satisfaction are paying off. The company’s focus on operational excellence has resulted in strong performance, reflected in a nearly 50% surge in Lyft’s shares in after-market trading. Lyft’s approach to driver retention and market expansion sets a strong foundation for future growth, but it must navigate the competitive landscape and shifting consumer preferences.



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