Lyft Resets the Stage For Its Path to Profitability

Key PointsLyft reported strong Q4 2023 earnings, beating EPS expectations by 11 cents on 17% YoY bookings growth.Lyft saw driver a 47% increase in driver hours as they guaranteed drivers would earn 70% of the total fares paid by riders after external fees or they would make up the difference.Lyft expects to generate positive free cash flow for the full year in 2024 for the first time in its history, which sets the stage for profitability.5 stocks we like better than LyftRideshare operator Lyft Inc. NASDAQ: ...