Lyft bumped up its second-quarter financial outlook Tuesday, citing an increase in ridership as more cities lift shelter-in-place restrictions. The San Francisco-based ride-hailing company said its May ridership rose 26% compared to April and that it has increased for seven consecutive weeks. As a result, Lyft now expects its second-quarter adjusted EBITDA loss will not exceed $325 million if the average daily rideshare volume remains unchanged in June from its May levels.

Topics:  the san francisco-based   april   lyft   ebitda   june   as   ridership   lift   second-quarter   
BING NEWS:
  • Do Lyft Shares Have Enough Lift for a Turnaround?
    Moreover, for 2024, the company forecasts ridership growth in the mid-teens ... Reaching millions of people each month through its website, books, newspaper column, radio show, television ...
    03/29/2024 - 1:15 am | View Link
  • Do Lyft Shares Have Enough Lift for a Turnaround?
    Moreover, for 2024, the company forecasts ridership growth in the mid-teens, an improvement that should make the company free-cash-flow positive. Nonetheless, companies often cite adjusted EBITDA ...
    03/28/2024 - 9:15 pm | View Link
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