Lyft Sees Bookings, Ad Business Jumping Over the Next Few Years
Lyft(LYFT) Investopedia·2024-06-07 00:46
Key Takeaways The company said it expects gross bookings to increase 15% each year through 2027. It sees adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin, as a percentage of gross bookings, of about 4% in 2027, and free cash flow conversion, as a percentage of adjusted EBITDA, of more than 90% each year between 2025 and 2027. Lyft did not change its current-quarter or full-year guidance. Lyft (LYFT) shares gained Thursday as the ridesharing company gave an optimistic ...