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Congrats, Lyft.
The rideshare company just reported its first full year of profitability (based on generally accepted accounting principles). And it only took *checks notes* 13 years! (Uber accomplished this last year.) Net income for 2024 was $22.8 million on adjusted earnings of $382.4 million, compared to a net loss of $340.3 million in 2023. Gross bookings were up 17 percent, and revenue was up 31 percent. But shares were down in after-market trading based on a slightly gloomier than expected outlook for 2025. Still, a significant milestone for the historically money-losing rideshare company.
Lyft Reports Record Q4 and Full-Year 2024 Results
[investor.lyft.com]
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