Lyft’s shares in extended trading increased after the company reported better-than-expected earnings for Q4. They also stated that they expect first-quarter bookings to exceed estimates. Additionally, Lyft anticipates generating positive free cash flow for the full year, a first for the company. The stock initially surged over 60% before declining. Key financial figures include adjusted earnings of 18 cents per share and revenue of $1.22 billion. Lyft reported a 4% revenue increase from the previous year and gross bookings for Q1 above analyst estimates. Despite its struggles since its IPO in 2019, Lyft reached a record number of annual riders and saw a rise in the number of rides and active riders.
