Lyft presents 2027 financial targets with 15% annual growth in gross bookings and 4% adjusted EBITDA margin.
Lyft shares rose after the company presented 2027 financial targets, including a 15% annual growth rate in gross bookings and a 4% adjusted EBITDA margin. The company also anticipates annual free cash flow conversion of over 90% between 2025 and 2027. Lyft's inaugural investor day featured presentations from CEO David Risher, CFO Erin Brewer, and other executives, who discussed the company's plans for profitable growth.
June 06, 2024
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