Active Riders

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Sales & Marketing

General & Administrative

Operations & Support

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Lyft

Lyft, Inc. engages in the provision and management of an online social rideshare community platform. It provides access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any trip. The company was founded by Marcus Cohn, John Zimmer, Rajat Suri, Matt van Horn, and Logan Green in 2007 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lyft reports record revenue in Q4 2022, focuses on profitability

Lyft's Q4 2022 performance showcased record revenue, strong demand, and a focus on profitability through initiatives like Lyft Pink.
While facing challenges with supply-demand balance and pricing dynamics, the company is leveraging opportunities in cost reduction and driver supply increase.
Looking ahead, Lyft aims for stable growth, balanced dynamics, and a continued focus on profitability and competitive positioning.

Lyft surpasses Q1 revenue targets, focuses on cost-saving strategies

Lyft's Q1 2023 performance exceeded expectations, driven by strong financial results and a focus on cost-saving measures and restructuring.
The company's strengths include competitive pricing strategies, a pure play focus on rideshare, and emphasis on autonomy and AV partnerships.
Challenges include managing driver incentives, short-term impacts of cost cuts, and transitioning away from certain business segments.
Opportunities for Lyft include accelerating rideshare growth, enhancing product offerings post-COVID, and leveraging partnerships in the AV space.

Lyft reports Q2 revenue growth, eyes market differentiation for growth

Lyft's Q2 showed positive performance with revenue growth and improved marketplace balance. Challenges include pricing strategy adjustments and managing insurance costs. Opportunities lie in continued rideshare growth and service differentiation.

Lyft reports record Q3 performance and focuses on customer growth

Lyft's Q3 performance was strong, with record gross bookings and ride growth, setting a positive tone for future growth.
The company's focus on driver experience and customer obsession positions it well for continued success.
Challenges include managing insurance costs and transitioning product offerings to meet customer preferences.
Opportunities lie in expanding differentiated experiences, media advertising, and driving growth through key customer segments.

Lyft reports robust Q4 results, eyes sustainable growth in 2024

Lyft's Q4 2023 performance was strong, with a focus on innovation, partnership growth, and operational efficiency.
The company faces challenges in cost management and competitive pressures but has opportunities in advertising, partnerships, and service enhancements.
By maintaining cost discipline, enhancing rider experience, and expanding partnerships, Lyft aims for sustainable growth and profitability in 2024.
Investments in innovation, rideshare perfection, and driver commitment position Lyft for success amidst industry competition and evolving market dynamics.

Lyft reports robust Q1 performance, eyes growth amid challenges

Lyft's Q1 2024 showcased strong financial performance, improved driver earnings, and operational excellence.
The company's focus on customer experience, diverse ride options, and media revenue growth are key strengths.
Challenges include regulatory hurdles, autonomous vehicle integration, and maintaining healthy revenue margins.
Opportunities lie in expanding use cases, increasing customer frequency, and leveraging media business success.

Lyft achieves GAAP profitability, eyes AVs and revenue diversification

Lyft's Q2 2024 performance reflects a milestone achievement of GAAP profitability and strong financial health.
Strategic strengths in operational excellence, partnerships, and innovation position Lyft for sustained growth and market expansion.
Challenges in balancing cost optimization, managing stock-based compensation, and navigating market dynamics require careful attention.
Opportunities in AVs, revenue growth, and customer experience enhancements present avenues for future growth and market leadership.

Lyft reports record metrics and raises 2024 outlook amidst challenges

Lyft's Q3 2024 performance reflects operational excellence, financial growth, and strategic advancements in product innovation and partnerships.
While facing challenges such as insurance cost increases and partnership impacts, Lyft leverages strengths in customer focus and market expansion.
Opportunities lie in raised outlooks, strategic partnerships, and continued focus on driver and customer satisfaction for sustained growth.
Overall, Lyft's performance showcases resilience, adaptability, and a commitment to driving value for both stakeholders and customers.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Lyft, Inc. engages in the provision and management of an online social rideshare community platform. It offers access to a network of shared bikes and scooters for shorter rides and first mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any trip. The company was founded by Marcus Cohn, John Zimmer, Rajat Suri, Matt van Horn, and Logan Green in 2007 and is headquartered in San Francisco, CA.

Ride-hailing platform Lyft on Wednesday (Aug. 7) announced performance benchmarks in the second quarter, reflecting strong engagement from both riders and drivers. The company reported a record 23.7 million active riders, representing a 10% increase from the previous year.

Lyft Launches Price Lock Subscription Amid Surge in Ridership

Ride-sharing specialist Lyft (NASDAQ: LYFT ) is seeing shares plunge during the midweek session despite generally positive second-quarter earnings results. However, it appears that the market is responding to the minutia of the print, which left some questions.

Why Is LYFT Stock Down Despite Surprise Q2 Profits?

Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors.

Lyft shares suffer biggest fall in more than a year, even as it reports first quarterly profit

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Lyft's First-Ever Profit, but the Outlook Is a Speed Bump

Lyft, Inc. (NASDAQ:LYFT ) Q2 2024 Results Conference Call August 7, 2024 8:15 AM ET Company Participants Aurelien NOLF - VP, FP&A and Investor Relations David Risher - Chief Executive Officer Erin Brewer - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Ken Gawrelski - Wells Fargo Michael McGovern - Bank of America Brian Nowak - Morgan Stanley Brad Erickson - RBC Capital Markets Eric Sheridan - Goldman Sachs Stephen Ju - UBS John Colantuoni - Jefferies Nikhil Devnani - Bernstein Bernie McTernan - Needham & Company Operator Good morning, and welcome to the Lyft Second Quarter 2024 Earnings Call. [Operator Instructions].

Lyft, Inc. (LYFT) Q2 2024 Earnings Call Transcript

Lyft Inc. turned its first GAAP profit in its latest quarter, while reporting a record number of rides and its largest quarterly haul of new drivers in years.

Lyft swings to a profit on record rides, but its earnings outlook comes in light

Lyft (LYFT) shares plunged 13% intraday Wednesday as disappointing guidance outweighed the ridesharing company's first quarterly profit and record ridership numbers.

Lyft Stock Tanks As Weak Bookings Guidance Offsets First Quarterly Profit

Airbnb

CryoPort

TripAdvisor

U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Wednesday.

Airbnb Reports Weak Earnings, Joins Cryoport, Tripadvisor, Lyft And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Shares in Lyft Inc (NASDAQ:LYFT) tanked 14% premarket after it provided lower-than-expected guidance for the current quarter and despite a maiden quarterly profit from the ride-hailing giant. In the three months ended June 30 (Q2), gross bookings grew by 17% to $4 billion, leading to a 41% rise in revenue to $1.4 billion.

Lyft stock drops 13% after guidance disappoints

Lyft (LYFT) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.15 per share a year ago.

Lyft (LYFT) Q2 Earnings and Revenues Beat Estimates

Lyft earnings beat Q2 views, with a first-ever GAAP profit. But the ride-hailing giant missed on gross bookings and gave weak guidance.

Lyft Stock Tumbles On Gross Bookings, Guidance Despite GAAP Profit

The ride-hailing company posts its first-ever GAAP profit but issues a disappointing forecast.

Lyft Stock Tumbles as Forecast Misses Estimates

Lyft reported better-than-expected revenue in the second quarter and posted a net profit for the first time on Wednesday, driven by a booming ride-share market and company-wide cost cuts last year.

Lyft posts maiden net profit in second quarter

SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the second quarter ended June 30, 2024. “For over a year you've heard us say that customer obsession drives profitable growth," said CEO David Risher. “In Q2 we delivered, and drivers and riders are choosing Lyft in record numbers.” “Our platform is growing in a very healthy way as evidenced by the strength of our financial results, including strong cash flow generation and GAAP Net income,” said CFO.

Lyft Announces Q2 2024 Results, Including First-Ever Quarter of GAAP Profitability

Uber

Uber, Lyft, Grubhub and DoorDash scored a major victory in a recent ruling from California's top state court upholding Proposition 22 and the classification of drivers as independent contractors rather than employees. Gig economy companies, as well as drivers who prefer contractor status, think they now have nationwide momentum to win what's been a persistent battle over their labor model, though pushback for more benefits is expected from unions.

Uber, Lyft and the gig economy think they've found a way to win the national labor war

Apple

Amazon

Baxter

Caterpillar

Disney

DaVita

Gilead Sciences

Global Payments

Hilton Worldwide Holdings

IDEXX Laboratories

Eli Lilly

McDonald's

Martin Marietta Materials

Microsoft

NiSource

Parker-Hannifin

Reddit Inc

Rockwell Automation

Molson Coors Brewing

V.F.

Williams

This marks the last peak week of the Q2 earnings season with 3,908 companies expected to report. Earnings have come in better-than-expected, but tend to be overshadowed by economic data. Outlier earnings this week include: CSX, CAT, and VFC.

The Final Peak Week Of The Q2 Season Begins Amid Souring Economic Data

Both stocks have risen in popularity considerably over the years as consumers continuously flock to the platform, leaving taxis in the dust.

Uber (UBER) & Lyft (LYFT) Earnings: Can Shares Accelerate?

Uber stock is slumping as the rides and delivery company is set to publish Q2 earnings.

Uber Earnings On Deck Amid Consumer Spending Concerns, Autonomous-Vehicle Debate

Burberry Group PLC

Vinci SA

We share 12 ideas published last week focused on stocks with less coverage on Seeking Alpha. NexGen Energy Ltd. is seen as having potential catalysts for growth, including a federal commission hearing and US legislation banning Russian uranium imports. Extra Space Storage Inc. demonstrates impressive dividend growth and a strong position for REIT recovery according to Wise Bull.

Undercovered Dozen: Burberry, Vinci SA, Lyft, PureCycle +

Star Bulk Carriers

Symbotic Inc

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 3 Industrials Stocks That Could Blast Off This Month

Lyft (LYFT) closed the most recent trading day at $11.95, moving -1.24% from the previous trading session.

Lyft (LYFT) Registers a Bigger Fall Than the Market: Important Facts to Note

Lyft stock has underperformed this year despite strong financial performance and a high net cash position. Management has outlined ambitious 2027 targets that see the company sustaining aggressive top-line growth alongside expanding profit margins. The stock is trading at a steep discount compared to close competitor Uber, presenting high potential upside if management executes against its targets.

Lyft: First Wait For The Profits, Then Brace For The Upside (Rating Upgrade)

The California Supreme Court ruled Thursday (July 25) that gig workers can be classified as independent contractors, ending a long legal battle in the state.

Uber, Lyft Applaud California Supreme Court Ruling on Gig Workers

A California court has ruled that companies like Uber and Lyft can continue to treat their workers as independent contractors rather than employees.

Uber and Lyft win court battle: Drivers to remain classified as independent contractors

SAN FRANCISCO , July 25, 2024 /PRNewswire/ -- Today, Everlance and Lyft announce a strategic partnership to better serve the rideshare driver ecosystem. This collaboration involves Everlance, an industry leader in providing tools for mobile workers, and Lyft (NASDAQ: LYFT), one of the largest transportation networks in North America, continuing to build and further the financial resources available to all drivers on the Lyft platform.

News for Lyft Stock (LYFT)