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@ Yahoo! Finance - by layer3.news
2025-05-11 05:43:21
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✍️ Lyft, Inc. (NASDAQ:LYFT) saw its share prices soar by 28.08% on Friday after reporting profitability in the first three months of the year.
👉 Lyft, Inc. (NASDAQ:LYFT) reported a net income of $2.6 million in the first quarter.
👉 Revenues grew by 13.5% to $1.45 billion.
👉 Gross bookings grew by 12.7% to $4.28 billion.
👉 Lyft expects ridership to grow mid-teens year-on-year in the second quarter.
👉 Gross bookings are targeted to settle between $4.41 billion and $4.57 billion, or a 10 to 14% year-on-year growth.
#DavidRisher #business
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