Lyft earnings

Lyft shares rise as firm reports strong Q2 active rider numbers

Lyft rideshare car

Just a few days after rival Uber reported record revenue, causing the stock to pop, Lyft on Thursday also gave investors reason for optimism.

The ride-hailing giant reported earnings for the second quarter after market close, and active riders appear to be on the rebound.

The 19,860,000 active riders the company recorded in Q2 represented a 15.9% increase from Q2 2021, signaling a potential rebound from its pandemic doldrums.

Shares of Lyft (NASDAQ: LYFT) jumped nearly 4% in post market trading on...

https://www.freightwaves.com/news/lyft-shares-rise-as-firm-reports-strong-q2-active-rider-numbers

Lyft stock falls sharply in post-market trading despite revenue beat

Lyft rideshare vehicle company earnings

Ride-hailing giant Lyft reported stronger-than-expected Q1 2022 earnings results after the bell on Tuesday. Lyft’s revenue of $875.6 million in Q1 beat the analyst consensus estimate of $845.5 million as rideshare ride volumes reached a new COVID-era high. The company’s Q1 2022 revenue of $875.6 million represents an improvement of 44% over Q1 2021’s $609 million. 

Despite the revenue beat, shares of Lyft (NASDAQ: LYFT) were down sharply in the early hours of post-market trading. The stock...

https://www.freightwaves.com/news/lyft-stock-falls-sharply-in-post-market-trading-despite-revenue-beat

Rideshare rebound: Breaking down Uber’s and Lyft’s big Q3

Uber and Lyft earnings analysis strong quarter of profitability for rideshare companies

In 2019, a pair of financially unproven but promising rideshare companies debuted two of the largest public offerings of the decade, just two weeks apart from each other –– and they let just about everyone down.

At the time, assessments of Uber’s and Lyft’s IPOs ranged from “modest” to outright “bleak” as the rivals failed to live up to the lofty expectations they had set for themselves. People had questions about the companies, and rightfully so. In the calendar year leading up to its IPO, Uber

https://www.freightwaves.com/news/rideshare-rebound-breaking-down-ubers-and-lyfts-big-q3

Lyft achieves adjusted-EBITDA profitability, sets sights on continued growth

Lyft earnings calll adjusted EBITDA revenue margin

Ride-hailing company Lyft released its Q2 earnings after the bell on Tuesday, recording a massive 125% increase in year-over-year revenue and a 25% gain on last quarter’s revenue, while also recording profitable adjusted earnings before interest, taxes, depreciation and amortization for the first time in its history.

The company brought in $765 million in revenue for the quarter compared to $339.3 million last year. In its earnings call, Lyft’s (NASDAQ: LYFT) executive team said that this was...

https://www.freightwaves.com/news/lyft-achieves-adjusted-ebitda-profitability-sets-sights-on-continued-growth

Lyft rider numbers remain depressed, revenue falls in Q4

The pandemic took its toll on rideshare companies in 2020, and Lyft (NASDAQ: LYFT) was no different, but its Q4 earnings, released Tuesday after market close, are showing some recovery.

Lyft reported Q4 revenue of $569.9 million versus $1.01 billion in Q4 2019, a 44% decrease. The Q4 2020 revenue, though, was up quarter-over-quarter from $499.7 million, and it beat analysts’ expectations of $561.23 million. Revenue was up 14% sequentially in Q4 and at the higher end of its forecast, co-founder...

https://www.freightwaves.com/news/lyft-rider-numbers-remain-depressed-revenue-falls-in-q4