
Bamboo
February 12, 2025 at 09:01 AM
Lyft forecast for the current quarter are falling below expectations, as it fights for more riders with larger rival Uber Technologies, while wildfires and extreme weather events disrupted its business in some key markets.
Shares of the San Francisco-based firm fell about 10% in after-hours trading.
Lyft said it was expecting gross bookings between $4.05 billion and $4.20 billion in the first quarter, below estimates of $4.26 billion.
https://finance.yahoo.com/news/lyfts-first-quarter-bookings-forecast-210654175.html
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