Lyft, Inc. (LYFT)
| Market Cap | 6.58B |
| Revenue (ttm) | 4.68B |
| Net Income (ttm) | -184.21M |
| Shares Out | 394.95M |
| EPS (ttm) | -0.47 |
| PE Ratio | n/a |
| Forward PE | 23.56 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 766,309 |
| Open | 16.63 |
| Previous Close | 16.62 |
| Day's Range | 16.52 - 16.73 |
| 52-Week Range | 7.85 - 20.82 |
| Beta | 2.05 |
| Analysts | Hold |
| Price Target | 17.13 (+2.91%) |
| Earnings Date | May 7, 2024 |
About LYFT
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. It also offers centralized tools an... [Read more]
Financial Performance
In 2023, Lyft, Inc.'s revenue was $4.40 billion, an increase of 7.53% compared to the previous year's $4.10 billion. Losses were -$340.32 million, -78.52% less than in 2022.
Financial StatementsAnalyst Forecast
According to 26 analysts, the average rating for LYFT stock is "Hold." The 12-month stock price forecast is $17.13, which is an increase of 2.91% from the latest price.
News
Minnesota lawmakers reach deal to raise pay rate for Uber, Lyft drivers
Minnesota lawmakers reached an agreement Sunday on a bill that is designed to raise the pay rate for Uber and Lyft drivers working in the state.
Plan to boost pay for Uber and Lyft drivers in Minnesota advances in state Legislature
ST. PAUL, Minn. — A plan to boost pay for Uber UBER, -0.58% and Lyft LYFT, -1.95% drivers in Minnesota that lawmakers believe would prevent the companies from leaving the market advanced in the state ...
Lyft Extends 70% Pay Standard to Drivers Nationwide
Ride-hailing platform Lyft said it wants to lift its driver's earnings. Earlier this year, the company introduced a new standard for drivers, ensuring they will always earn 70% or more on fares per we...
Jim Cramer checks in on the gig economy
'Mad Money' host Jim Cramer takes a closer look at gig economy companies including Uber, Lyft, Instacart, and DoorDash.
Cramer's gig economy roundup: Where he stands on Uber, Lyft, DoorDash and Instacart
CNBC's Jim Cramer on Monday gave investors his take on four major stocks in the gig economy sector.
Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
Uber and Lyft are facing a trial in Massachusetts over allegations that they misclassified their drivers as independent contractors instead of employees. The trial is part of a larger legal and politi...
Massachusetts takes Uber, Lyft to trial over status of gig workers
Uber Technologies and Lyft are set to face trial on Monday in a U.S. lawsuit by Massachusetts' attorney general alleging the ride-share companies misclassified their drivers as independent contractors...
Stock Market Today: Dow Brings Daily Win Streak to Six
The 30-stock index is on its longest winning streak of the year.
Uber and Lyft earnings breakdown, plus the future of autonomous vehicles
The expansion of autonomous vehicles (AVs) and robotaxi services could pose a threat to rideshare operators Uber (UBER) and Lyft (LYFT). TD Cowen Internet and Media Analyst John Blackledge joins Catal...
Lyft CEO Looks to Get Faster, More Partners
Lyft CEO David Risher says the ride sharing service is looking to pick up passengers faster. He also talks about the future of robotaxis and autonomous cars.
Earnings Point to Different Routes for Lyft and Uber
Uber and Lyft bring to mind the oft-quoted Robert Frost poem. You know the one — about two roads that diverged.
Uber shares hit pothole on surprise earnings loss as Lyft zooms with female drivers
Lyft's initiative to get more women in the drivers seat helped boost its number of females customers.
A Quiet Tuesday But Earnings Continue
Reddit Reports Strong First Quarter Earnings. Uber Misses. Second Quarter Earnings Expectations Moving Up.
Lyft earnings had a strong quarter, shows solid execution, analyst says
Lyft, Inc. (LYFT) beat first-quarter earnings estimates, reporting $1.28 billion in revenue, and pushing the stock higher in extended trading hours. D.A. Davidson Senior Research Analyst Tom White sit...
WYNN, LYFT, TWLO: Earnings Just Released
Wynn Resorts' (WYNN) 1Q adjusted EPS came in at $1.59 versus an estimated $1.43 and its revenue came in at $1.86B versus an estimated $1.77B. Lyft's (LYFT) 1Q adjusted EPS came in at -$0.08 versus an ...
Lyft stock regains Minnesota rideshare driver pay losses as Q1 earnings beat expectations
Lyft stock (NASDAQ:LYFT) has jumped in the after market hours following the release of its first-quarter earnings report, which surpassed market expectations. The positive earnings report helped Lyft ...
Lyft puts up another quarter of positive free cash flow, following jump in rides
Ride-hailing service Lyft Inc. on Tuesday said it put up its second straight quarter of positive free cash flow, and said it expected higher cash generation for the year after a jump in rides and acti...
Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and benefits from new user and driv...
Lyft Announces Results for First Quarter 2024
SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the first quarter ended March 31, 2024. “Lyft is off to a strong start in 2024. We are executing well and...
SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Lyft, Inc. - LYFT
NEW YORK , May 6, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Lyft, Inc. ("Lyft" or the "Company") (NASDAQ: LYFT). Such investors are advised to c...
Lyft CEO reveals his biggest challenge in competing with Uber
David Risher explains that taking on Lyft, which was then a failing company, was the easiest decision he has ever made. He tells FOX Business that his biggest challenge is "fighting inertia.
DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Lyft, Inc. with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lyft, Inc. ("Lyft" or "the Company"...
Status of Uber, Lyft gig workers hinges on Massachusetts court fight
Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees entitl...
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Lyft, Inc. with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lyft, Inc. ("Lyft" or "the Company"...
DEADLINE ACTION ALERT: The Schall Law Firm Encourages Investors in Lyft, Inc. with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / April 28, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lyft, Inc. ("Lyft" or "the Compa...