Lyft (LYFT) shares gained Thursday as the ridesharing company gave an optimistic long-ter⭕m outlook at its first investor day.

The company said it expects gross bookings to increase 15% each year through 2027. It sees adjusted earnings before interest, taxes, depreciation, an♍d amortization (EBITDA) margin, as a percentage of gross bookings, of about 4% in 2027, and 澳洲幸运5开奖号码历史查询:free cash flow conversion, as a percentage of adjusted EBITDA, of more than 90% each year between 2025 and 2027.

Lyft Expects 'Healthy Top-Line Growth and Margin Expansion'

CFO Erin Brewer explained that these financial targets “reflect our expectations of healthy top-line growth and margin expansion as we 🃏deliver on our strategic priꦬorities.”

Lyft did not chang😼e its current-quarter or full-year guidance. 

In an interview with Reuters prior to the event, Zach Greenberger, executive vice president of Lyft's Partnership Ecosystem, added that the company anticipates $400 million in gross bookings from advertising in 2027. That would be eight times more than what the business is forecast to bring in for 2024.♓ The company puts ads on its app, in-car tablets, and 𒀰top-of-car screens.

Shares of Lyft were up 2.3% to $15.89 as of 12:04 p.m. ET Thursday.