Lyft, the American ride-sharing company, has started the year 2024 on a high note. The company's stock price has risen by seven per cent to $17.78, and its earnings for the first quarter of 2024 were $1.28 billion. This is a success as experts predicted the figure would be $1.16 billion.
In comparison to the same period in 2023, Lyft's earnings in the opening quarter represented a notable increase from $1 billion to $1.28 billion. This year-over-year surge represents a remarkable 27.59 per cent rise. Lyft's gross bookings for the year were valued at $3.7 billion, a 21% increase from the previous year.
