Is LYFT's Impressive Gross Bookings Growth a Sign for Further Upside?

Key Takeaways LYFT posted Q3 gross bookings of $4.8B, up 16% YoY, marking its 18th straight quarter of double-digit growth. Growth was fueled by a record 28.7M active riders and 248.8M rides, both up double digits year over year.Q4 gross bookings are projected to rise 17-20% YoY, driven by service levels and expanded market presence.Lyft (LYFT) , the San Francisco-based ridesharing company, continues to benefit from a steady rise in gross bookings. This improvement is largely driven by an expanding active r ...