Lyft Inc - Ordinary Shares Cls A

NASDAQ:LYFT   3:59:56 PM EDT
50.46
-1.12 (-2.17%)
Other Pre-Announcement

Lyft Says Now Expects It Can Manage Its Adj EBITDA Loss In Q4 2020 To Be Better Than $185 Mln

Published: 12/02/2020 14:28 GMT
Lyft Inc - Ordinary Shares Cls A (LYFT) - Now Expects It Can Manage Its Adjusted EBITDA Loss in the Fourth Quarter of 2020 to Be Better Than $185 Million.
Previously Issued Q4 Outlook Implied Adjusted EBITDA Loss of Roughly $200 Million at Midpoint and $190 Million at High End.
Co Now Expects Sequential Revenue Growth Will Be at the Lower End of the 11-15% Range in the Fourth Quarter of 2020.
Anticipates Further Contribution Margin Expansion in 2021 on Sequential Basis Versus Fourth Quarter of 2020 Even Before a Full Recovery.