Lyft Expects Rising Bookings and Ad Sales in the Next Several Years

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During its maiden investor day, which took place on Thursday, Lyft made a prediction that its annual gross bookings would climb by 15% annually until the year 2027. Additionally, the ridesharing company provided estimates for the future adjusted EBITDA margin as well as the free cash flow conversion.

The ridesharing startup Lyft (LYFT) provided an optimistic long-term forecast at its maiden investor day, which resulted in the company’s shares increasing on Thursday.

According to the corporation, it anticipates that gross bookings would climb by 15% annually until the year 2027. The company anticipates that its adjusted profits before interest, taxes, depreciation, and amortization (EBITDA) margin will be about 4% of gross bookings in the year 2027. Additionally, the company anticipates that its free cash flow conversion will be more than 90% of adjusted EBITDA on an annual basis between the years 2025 and 2027.

There is an expectation of “healthy top-line growth and margin expansion” from Lyft.
According to the Chief Financial Officer, Erin Brewer, these financial objectives “reflect our expectations of healthy top-line growth and margin expansion as we deliver on our strategic priorities.”

There was no change in Lyft’s projection for either the current quarter or the whole year.

Zach Greenberger, executive vice president of Lyft’s Partnership Ecosystem, said in an interview with Reuters prior to the event that the business estimates gross bookings from advertising to amount to $400 million in 2027. Greenberger made this statement in the context of the event. If this were to occur, it would be eight times more than what the company is anticipated to bring in for the year 2024.

It is the company’s practice to display advertisements on its mobile application, in-car tablets, and top-of-car displays.

As of Thursday at 12:04 p.m. Eastern Time, shares of Lyft had increased by 2.3%, reaching $15.89.

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