Lemonade Reports Narrower Q3 Loss and Accelerating Revenue Growth
Lemonade (LMND) shares rose 3.8% in premarket trading following the release of third-quarter results that exceeded market expectations. The AI-driven property and casualty insurer reported a smaller loss than consensus estimates, driven by accelerating top-line revenue growth and strong underwriting performance. The company's financial trajectory remains positive, with management projecting continued momentum into the fourth quarter. Notably, Lemonade maintains its long-term goal of achieving positive adjusted EBITDA by the end of 2026.
Tickers: $LMND
Topics: earnings report EBITDA guidance revenue growth stock price movement