Since CEO David Risher took charge last April, the company has cut hundreds of jobs, reduced the firm's losses, and managed to keep fare increases in check.
Lyft estimated gross bookings for the current quarter between $4.0 billion to $4.1 billion, surpassing estimates, and forecast adjusted EBITDA to exceed expectations.
Lyft's revenue for the quarter increased 28% to $1.28 billion, with adjusted core earnings surpassing analyst estimates at $59.4 million.
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