LYFT Q4 Earnings & Revenues Beat, Gross Bookings Rise Y/Y

Lyft (LYFT) reported fourth-quarter 2023 earnings (excluding 25 cents from non-recurring items) of 19 cents per share, beating the Zacks Consensus Estimate of 8 cents. In the year-ago period, it reported a loss of 75 cents.Total revenues of $1.22 billion beat the Zacks Consensus Estimate of$1.21 billion. The top line rose 4.22% year over year, reflecting growth in the rideshare market. Active riders increased 10% year over year to 22.4 million, which is above our estimate of 22.2 million.Revenue per active ...