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Lyft ( (LYFT) ) has issued an announcement.
Lyft’s Q3 2024 results highlight a strong performance with record highs in active riders and rides, and a 16% year-over-year increase in gross bookings. The company announced partnerships with Mobileye and DoorDash, aiming to integrate autonomous vehicles and offer exclusive benefits to DashPass members. Revenue grew by 32%, and Lyft’s free cash flow significantly improved, showcasing operational excellence and strategic growth plans.
For an in-depth examination of LYFT stock, go to TipRanks’ Stock Analysis page.
