Lyft Stock Gap and Craps on Bold 2027 Guidance at Investor Day

Lyft assured drivers they would receive at least 70% of the rider fare each week after external fees. The program launched in February and is having positive impacts. Nearly 75% of its drivers confirmed they now have a better understanding of their eamings. Lyft provided guidance for Q2 gross bookings of $4 billion to $4.1 billion. Adjusted EBITDA is expected to be between $95 million and $100 million, and an adjusted EBITDA of approximately 2.4%. Full-year 2024 ride growth is expected in the mid-teens, wit ...