Summary by Moomoo AI
Lyft Inc. filed an amended Form 8-K/A with the SEC on February 13, 2024, to correct a clerical error in its previously issued financial results for the quarter and fiscal year ended December 31, 2023. The correction pertains to the 2024 directional commentary in the press release dated February 13, 2024. Lyft's financial highlights for Q4 2023 include Gross Bookings of $3.7 billion, a 17% increase year-over-year, and revenue of $1.2 billion, a 4% increase year-over-year. The net loss was significantly reduced to $26.3 million from $588.1 million in Q4’22, and Adjusted EBITDA was $66.6 million, a substantial improvement from a loss of $248.3 million in Q4’22. For the full year, Gross Bookings grew 14% to $13.8 billion, revenue increased 8% to $4.4 billion, and net loss decreased to $340.3 million from $1.6 billion in 2022. Adjusted EBITDA for the...Show More