Lyft (LYFT)

Yesterday (10/1), Lyft (LYFT; $12.51; O/P) announced that its Media division, which is the company’s dedicated media and advertising business, expanded its suite of measurement and targeting capabilities in a move aimed at providing its…

Earlier today, Lyft (LYFT; $11.47; O/P) filed an 8-K, disclosing plans to restructure its bikes and scooters business unit, now organized under the moniker of Lyft Urban Solutions (LUS), with an aim of better optimizing…

The shares of Lyft (LYFT; $9.08; O/P) plunged 17% yesterday as Q3E guidance proved a disappointment to the Street after some better-than-expected Q2 results. We think the guidance proved especially tough for the stock to…

Lyft (LYFT; $10.97; O/P) posted Q2 EBITDA of $103mm (2.6% of gross bookings) that beat our consensus-matching $98mm (2.4% of gross bookings). At the same time, gross bookings of $4.02B were slightly below our $4.05B…

The shares of Lyft (LYFT; $12.19; O/P) are now down 40% since recent highs in late-March, including -22% since the company’s Investor Day on June 6th, to only 7.9X our 2025E EV/EBITDA. This is despite…

We raise our rating on the shares of Lyft (LYFT; $15.69) from Equal-Weight to Outperform and establish a $20 price target after attending the company’s first-ever Investor Day yesterday in New York. We think management…

We think Lyft’s (LYFT; $15.92; E/W) Investor Day, scheduled for next Thursday (6/6) in New York, can prove a positive catalyst for the shares, especially with the stock down 22% since late-March despite solid Q1…

We adjust our 2024/2025E adjusted EBITDA for Lyft (LYFT; $16.60; E/W) from $338mm/$465mm to $345mm/$465mm after it produced a solid Q1 top and bottom line beat that was accompanied by a healthy guidance update for…

Lyft (LYFT; $16.60; E/W) posted Q1 gross bookings of $3.69B, beating our consensus matching $3.58B, which in turn drove adjusted EBITDA of $59mm (1.6% of gross bookings) that also was ahead of our consensus-matching $55mm…

We assume Lyft’s (LYFT; $17.65; E/W) Q1 results and outlook, scheduled for Tuesday (5/7 after market), at least live up to Street expectations given indications of a still healthy U.S. travel environment, even with ongoing…

Earlier today, Lyft (LYFT; $20.55; E/W) disclosed in a blog post that its Media division, which is its dedicated media and advertising business, expanded its advertising offerings through the launch of in-app video ads across…

Last Thursday, the Minneapolis City Council passed an ordinance that requires rideshare drivers to earn $0.51 per minute and $1.40 per mile for each ride provided, with a minimum of $5 for each fare, excluding…

We adjust full year 2024E EBITDA for Lyft (LYFT; $12.13; E/W) from $350mm (2.3% of gross bookings) to $338mm (2.1% of gross bookings) after somewhat of a Q4 beat and Q1E guidance that was a…

Earlier today, Lyft (LYFT; $13.32; E/W) announced in a blog post an early-2024 driver product release, which includes a range of driver friendly initiatives that are aimed at improving driver earnings while also adding steps…

Lyft’s (LYFT; $12.70; E/W) Q4 print on 2/13 (after market) came with extra importance given management’s long-standing promise, since Erin Brewer joined as CFO on 5/16/23 (“And Now a New CFO”; 5/17/23), to offer up…