Published on 9 May 2024 on Zacks via Yahoo Finance
Lyft Inc. (LYFT) reported first-quarter 2024 earnings of 15 cents per share, which beat the Zacks Consensus Estimate of 9 cents and improved year over year.
Revenues of $1,277.2 million also outpaced the Zacks Consensus Estimate of $1,170.1 million and improved 27.6% year over year, reflecting growth in the rideshare market. Active riders increased 12% year over year to 21.9 million.