Lemonade (LMND) Climbs to All-Time High on Q3 Blowout, Higher Growth Outlook

Core Insights - Lemonade Inc. (NYSE:LMND) achieved a new all-time high stock price following strong earnings and an increased growth outlook for 2025 [1][3] - The company's stock rose by 34.21% to close at $78.73 after reaching a peak of $79.71 during intra-day trading [1] Financial Performance - In Q3, Lemonade reduced its net loss by 44.6%, bringing it down to $37.5 million from $67.7 million year-on-year [2] - Revenue for the third quarter grew by 42% to $194.5 million, up from $136.6 million, driven by strong in-force premiums [3] - The company raised its full-year revenue guidance to a range of $727 million to $732 million, up from the previous estimate of $710 million to $715 million [3] Future Projections - Adjusted EBITDA loss for the year is expected to be between $127 million and $130 million, improved from the prior range of $135 million to $140 million [4] - For Q4, Lemonade anticipates revenues between $217 million and $222 million, with an adjusted EBITDA loss targeted at $13 million to $16 million [4]