Lyft Sees Q2 Gross Bookings Of ~$4B-$4.1B; Adjusted EBITDA Of $95M-$100M And An Adjusted EBITDA Margin Of ~2.4%; Remains On Track To Generate Positive Free Cash Flow For The Full Year

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Lyft

LYFT

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Second Quarter 2024 Outlook:

Gross Bookings of approximately $4.0 billion to $4.1 billion.
Adjusted EBITDA of $95 million to $100 million and an Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) of approximately 2.4%.

FY'24 Directional Commentary: Free Cash Flow Conversion Updated

Rides growth in the mid-teens year-over-year.
Gross Bookings growth that is slightly faster than Rides growth year-over-year.
Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) of approximately 2.1%.
We remain on track to generate positive free cash flow for the full year. Given our improved visibility into the first half of the year, we now expect at least 70% of Adjusted EBITDA to convert to free cash flow for the full-year 2024.

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