Lyft (LYFT)

We bump up 2023E and 2024E EBITDA for Lyft (LYFT; $10.72; E/W) from $190mm and $325mm to $210mm (1.5% of gross bookings, 4.5% of sales) and $350mm (2.3% of gross bookings, 7.0% of sales) after…

Lyft (LYFT; $10.72; E/W) reported Q3 sales of $1,158mm (+13% QoQ and +10% YoY), which was somewhat ahead of our $1,150mm and the Street’s $1,143mm. Adjusted EBITDA was $92mm (7.9% of sales), which was ahead…

We assume Lyft’s (LYFT; $9.26; E/W) Q3 results and outlook, scheduled for Wednesday, November 8th (after market), are at least around near-term targets given recent travel indicators and executive leadership changes, which have emphasized rational…

This morning, Lyft (LYFT; $10.85; E/W) disclosed in a blog post that its Media division (dedicated media and advertising business) is rolling out personalized ads across the Lyft ridershare app through a partnership with Rokt….

We adjust our 2023E EBITDA forecasts for Lyft (LYFT; $11.56; E/W) from $233mm (5.6% of sales) to $190mm (4.4% of sales) after the company produced somewhat of a Q2 beat, albeit accompanied by some relatively…

We adjust our 2023E EBITDA forecasts for Lyft (LYFT; $11.56; E/W) from $233mm (5.6% of sales) to $190mm (4.4% of sales) after the company produced somewhat of a Q2 beat, albeit accompanied by some relatively…

Lyft (LYFT; $11.56; E/W) reported Q2 sales of $1,021mm (+2% QoQ and +3% YoY), which compared to our $1,000mm and the Street’s $1,022mm. Adjusted EBITDA was a profit of $41mm (4.0% of sales), which was…

Lyft shares (LYFT; $11.67; E/W) are +35% since its post-Q1 results plunge on May 5th that left the Street with a lot more questions than answers as to how new CEO Risher plans to lower…

We reviewed Lyft’s (LYFT; $9.02; E/W) third annual Multimodal Report, which was published on Friday (5/26). The report provided a series of incremental proof points for the significant opportunity we still see for Lyft to…

Last night, Lyft (LYFT; $8.24; E/W) announced CFO Elaine Paul, who just joined in January of last year, is now stepping down from her role effective Friday (5/19). This news does not come entirely as…

The shares of Lyft (LYFT; $8.63; E/W) sunk 19% on Friday after it provided another less than satisfying outlook as part of its first investor call since David Risher took over as CEO (“Founders Step…

Frankly, it is hard to know what to fully expect when Lyft (LYFT; $10.20; E/W) hosts its Q1 call next Thursday (5/4 after market) given a recent CEO change (from co-founders to a Board member)…

On Friday (4/20), the shares of Lyft (LYFT; $10.44; E/W) traded up 6% after the company disclosed mid-day through a blog post from new CEO David Risher, aimed at the company’s employees, that it was…

Last night, Lyft (LYFT; $9.60; E/W) surprisingly announced that co-founders Logan Green (CEO) and John Zimmer (President) are stepping down from full-time executive management positions into non-executive roles as Chair and Vice Chair of the…

We reviewed Lyft’s (LYFT; $9.94; E/W) 10-K, which was filed on Monday (2/27). The document further highlighted how rising insurance costs and newly required reserve adjustments pressured the company’s cost of revenue and thus adjusted…