Lyft Inc. projected an acceleration in bookings this quarter, easing concerns about the ridehailing company’s efforts to expand globally and maintain customer loyalty.
The company expects gross bookings — a closely watched metric that includes ride hails, delivery orders and driver and merchant earnings but not tips — of as much as $5.13 billion in the fourth quarter, representing a 20% gain from a year earlier. The midpoint of the firm’s outlook range beat analysts forecasts, as did its third-quarter orders.
