LYFT's Gross Bookings Growth Gaining Pace: A Sign of More Upside?

Key Takeaways LYFT's Q1 gross bookings rose 13% year over year, marking 16 straight quarters of double-digit growth. Record 24.4M active riders and strong Q1 ride volume drove LYFT's bookings momentum. Price Lock and expansion into less dense markets are helping LYFT grow amid rising commuter demand.Lyft (LYFT) , a ridesharing company based in San Francisco, CA, is benefiting from the increase in gross bookings. Gross bookings are improving mainly owing to the growing active rider base, expansion into new ...