---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-24-000087"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2024-06-06T23:59:59+00:00"
generated_at: "2026-06-01T05:58:00.771173+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lyft sets 2027 targets: 15% gross bookings CAGR, 4% adjusted EBITDA margin, >90% FCF conversion; reaffirms 2024 outlook

## Summary
- 2027 Gross Bookings CAGR target of ~15% from FY2024 to FY2027.
- 2027 Adjusted EBITDA margin target of ~4% of Gross Bookings.
- Free cash flow conversion target of >90% of Adjusted EBITDA annually 2025-2027.
- Reaffirmed Q2 2024 outlook and FY2024 directional commentary (unchanged from May 7, 2024 earnings).
- First Investor Day; CEO David Risher and CFO Erin Brewer presented on strategy for profitable growth.

## SEC filing metadata
- accession: 0001759509-24-000087
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2024-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000087/0001759509-24-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000087/lyft-20240606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-24-000087
- JSON: https://secwatch.observer/filing/0001759509-24-000087.json
- Plain text: https://secwatch.observer/filing/0001759509-24-000087.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.