By coinnews 
00:00 Speaker A
All right. Lyft results are just crossing the wires. Let’s get to those right now. They are popping about 5%. It does look just quickly looking through the headlines. Julie lift. It looks like their report gross bookings that come in stronger than expected in Q1. I’m seeing a 4.16 billion lift saying in a statement that does beat what analysts were looking for. It looks like rides increased, um, 16%. They go to 218.4 million. That was also better than the street had pencilled in. Um, looking ahead lift expects gross bookings for the current period, it looks like between 4.41 billion and 4.57 billion, the midpoint landing above looks like what the street had been looking for.
01:19 Speaker B
And also forecasting adjusted EBITDA of 115 million to 130 million dollars. So adjusted EBITDA margin as they’re pointing out, as a percentage of gross bookings at 2.6% to 2.8%. So, um, it looks like overall investors happy about the numbers here. 5.4% is the game we’re seeing in stock. By the way, also a new repurchase program authorization, new stock buyback for the new total is $750 million. So, uh, you know, kind of a little bit of sugar there for investors as well, even as we get these good numbers.
02:26 Speaker A
Yeah, stock, um, higher in today’s trade, which is we got Uber’s results as well this week. And remember, they actually posted gross gross results that at least disappointed some investors, but lift higher now.