Mike
1
- Gross bookings growth was lower than Uber’s ride-hailing business
- Lyft commands 29% of the ride-hailing market, slightly higher than at the start of the year
- Lyft forecasts current-quarter adjusted core profit of $50 million-$60 million, higher than expectations
- Lyft expects fourth-quarter revenue to grow in mid-single-digits sequentially
- Q3 revenue grew 10% to $1.16 billion, surpassing analysts’ estimate
- Lyft’s adjusted core earnings of $92 million in Q3 topped expectations