Lyft shares slump on mixed results

Financial Performance - Lyft's Q3 earnings per share beat estimates at $0.11 [1] - Q3 revenue was approximately in line at $1.69 billion [1] - Gross bookings for Q3 slightly exceeded expectations at $4.78 billion [1] - Adjusted EBITDA for Q3 was in line at $139 million [1] Ridership Metrics - Active riders in Q3 surpassed estimates at 28.7 million [1] Q4 Guidance - Lyft projects Q4 gross bookings between $5.01 billion and $5.13 billion, exceeding expectations at the midpoint [2] - The company anticipates Q4 adjusted EBITDA of $135 million to $155 million, with the midpoint aligning with street estimates [2] Market Reaction - Lyft's stock experienced a sell-off, declining by approximately 4.5% [2]