Lyft projects upbeat bookings in fourth quarter on strong demand from weekday commuters
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Lyft forecasts strong fourth-quarter gross bookings, projecting between $1.28 billion and $1.35 billion, surpassing estimates of $1.23 billion. The company reported a 31.5% revenue increase to $1.52 billion for the September quarter, exceeding analyst expectations. As more workers return to offices, demand for ride-hailing services has surged. Lyft is also partnering with Mobileye to enhance its robotaxi services and has implemented initiatives to attract drivers, including guaranteed earnings and higher pay for longer trips.
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