Sees FY24: Gross Bookings growth that is slightly faster than Rides growth year-over-year. Adjusted EBITDA margin of approximately 2.1%. “We remain on track to generate positive free cash flow for the full year. Given our strong progress in the first half of the year and our increased visibility, we now expect we’ll reach our more than 90% long-term conversion target for the full-year 2024, well ahead of schedule.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYFT:
- New York City reaches agreements with Uber and Lyft to reduce lockouts
- Lyft call volume above normal and directionally bullish
- Uber, Lyft reach deal with NYC to rein in lockouts, Bloomberg reports
- Uber, Lyft Win Epic California Court Ruling for Gig Workers
- California Supreme Court sides with Uber and Lyft over Prop. 22