Lyft shares pop 20% after buyback; CEO says there are no signs of worry in the consumer

Core Insights - Lyft shares increased by 20% following an enhanced share buyback plan and better-than-expected gross bookings [1] - CEO David Risher expressed confidence in consumer demand despite economic uncertainties [1][2] Financial Performance - Gross bookings rose by 13% year-over-year to $4.16 billion, surpassing the $4.15 billion estimate from StreetAccount [2] - This quarter marks the 16th consecutive period of gross bookings growth for the company [2] - The number of rides increased by 16% to 218.4 million, exceeding the FactSet estimate of 215.1 million [2]