Lyft, Inc. (LYFT)
| Market Cap | 5.76B |
| Revenue (ttm) | 4.35B |
| Net Income (ttm) | -902.14M |
| Shares Out | 384.39M |
| EPS (ttm) | -2.46 |
| PE Ratio | n/a |
| Forward PE | 31.66 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 14,032,365 |
| Open | 14.90 |
| Previous Close | 15.54 |
| Day's Range | 14.73 - 15.25 |
| 52-Week Range | 7.85 - 18.36 |
| Beta | 1.86 |
| Analysts | Hold |
| Price Target | 13.35 (-10.94%) |
| Earnings Date | Feb 8, 2024 |
About LYFT
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The c... [Read more]
Financial Performance
In 2022, Lyft, Inc.'s revenue was $4.10 billion, an increase of 27.64% compared to the previous year's $3.21 billion. Losses were -$1.58 billion, 49.2% more than in 2021.
Financial StatementsAnalyst Forecast
According to 28 analysts, the average rating for LYFT stock is "Hold." The 12-month stock price forecast is $13.35, which is a decrease of -10.94% from the latest price.
News
Uber and Lyft shares rallied this year. There may not be much left to drive them higher, analysts say
Shares of Uber Technologies Inc. and the ride-hailing giant's smaller rival, Lyft Inc., have sprinted higher this year. But analysts on Friday suggested there might not be much left in the tank for ei...
Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024. For different reasons, financial services group Nomura recently downgr...
Holiday travel: Uber, Lyft drivers hold hours-long protest at Atlanta airport
Uber and Lyft drivers protested at the Atlanta airport on Saturday to demand higher wages from the rideshare companies.
Lyft Stock Trades Lower as Insiders Sell Shares
Shares of the ride-hailing company remain on pace for their best year on record.
Lyft speeds up 50% in 3 weeks
How fitting that Lyft Inc. NASDAQ: LYFT CFO Erin Brewer took part in a fireside chat at this month's Barclays Global Technology Conference. The company's financials — and stock performance — have been...
Lyft CEO: 'Customer obsession drives growth
Lyft (LYFT) is going through a bit of a transformation as the ride-share company seeks to innovate and keep up with competition like Uber (UBER). Lyft CEO David Risher sits down with Yahoo Finance Anc...
Lyft CEO David Risher goes one-on-one with Jim Cramer
Lyft CEO David Risher sits down with Jim Cramer to talk consumer trends, the new 'women + connect' mode, Lyft's outlook for the future and more.
Lyft CEO David Risher talks the company's on-time pickup promise
Lyft CEO David Risher sits down with Jim Cramer to talk consumer trends, the new 'women + connect' mode, Lyft's outlook for the future and more.
The president of Lyft shares how learned to trust her instincts — and the Taylor Swift song she listens to before difficult meetings
After 11 years at Lyft, Kristen Sverchek stepped into the president's role earlier this year. In the latest Equity Talk, she frequently asks herself: "If I were a man, how would I handle this?
Lyft CFO to Participate in Fireside Chat Hosted by Barclays
SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that Erin Brewer, chief financial officer, will participate in a fireside chat at the Barclays Global Technology Conference on...
Alphabet cuts stock investments in latest quarter as it sold off Robinhood, Lyft holdings
Alphabet Inc. GOOGL, +1.80% GOOG, +1.80% disclosed that it managed $1.56 billion worth of equity investments at the end of September, down 16.3% from the end of June, at a time the S&P 500 SPX, +1.56%...
Lyft, Grab or Uber? Which stock should you ride with?
The rideshare industry has come a long way since its beginnings over a decade ago. While the business models make sense, the reality is that making profits is extremely hard for rideshare companies.
Uber and Lyft's Platform Paths Continue to Diverge
It's commonplace to mention Uber and Lyft in the same breath in any conversation about the great travel snapback. As earnings reports through the past few days have shown, the rising tide of travel de...
Lyft Saw All-Time Record Bookings, CEO Says
Lyft reported third-quarter revenue that beat analysts' estimates while giving a tepid sales outlook for the holiday period. Lyft CEO David Risher joins Caroline Hyde and Ed Ludlow to discuss the outl...
Lyft CEO: Our real focus is on riders and drivers
Lyft CEO David Risher joins 'Squawk on the Street' to discuss whether the company can continue to price aggressively, how the company's focus on the consumer plays into the profitability outlook, and ...
EVCS and Lyft Launch New EV Charging Program for Rideshare Drivers
Lyft Standard and Pro EV drivers qualify for discounted charging on the EVCS network LOS ANGELES , Nov. 9, 2023 /PRNewswire/ -- EVCS , one of the largest electric vehicle (EV) fast-charging network o...
Lyft Projects Growth That May Fall Short of Analysts' Expectations
Lyft expects its fourth quarter revenue to grow by the mid-single digits compared with the previous quarter. The ride-share company announced this outlook Wednesday (Nov. 8) while reporting its third ...
Lyft results beat estimates, execs say big October gains have continued, but shares drop
Lyft Inc. on Wednesday reported third-quarter results that beat Wall Street's estimates and forecast fourth-quarter sales growth that was better than expected, helped by growth in back-to-school-seaso...
Lyft projects Q4 core earnings above estimates, beats Q3 revenue expectations
Lyft forecast current-quarter core earnings above analysts' estimates and reported better-than-expected third-quarter revenue on Wednesday, helped by workers returning to office and a higher number of...
Lyft Announces Results for Third Quarter 2023 & Introduces New Key Metrics
SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its third quarter ended September 30, 2023. Additionally, Lyft has introduced the following key metrics, ...
Gig economy earnings on deck: Uber, Lyft, Cart report this week
CNBC's Deirdre Bosa reports on the latest news from Uber, Lyft, and more ahead of earnings reports.
Lyft's gains from price cuts not enough to dent Uber's US lead
Lyft's price cuts may have helped the ride-hailing firm make a small dent in Uber's U.S. market share, but not enough to prevent the bigger rival from reporting its second quarterly operating profit.
Uber and Lyft pay $328M to settle wage-theft complaints in New York
Uber and Lyft have agreed to pay drivers in New York a combined $328 million to settle wage-theft complaints. The settlement is the result of state attorney general Letitia James' investigation into w...
Uber, Lyft to pay $328 mn to drivers after New York state probe
Uber and Lyft will pay $328 million to settle a New York probe alleging that the companies "cheated" drivers, in an accord that also establishes paid sick leave, state officials announced Thursday.
Uber and Lyft to pay $328M to settle accusations of ‘stealing earnings' from NY drivers
Uber and Lyft will pay $328 million to settle accusations from New York's attorney general that the ride-sharing giants were “stealing earnings” from thousands of Big Apple drivers for years.