Lyft (LYFT)
November 8, 2022
We think Lyft’s (LYFT; $14.14; O/P) Q3 results and outlook hit the necessary “marks”, especially in the context of the current share price and recent moves by management to reduce its expense base meaningfully in…
November 7, 2022
Lyft (LYFT; $14.14; O/P) reported Q3 sales of $1,054mm (+6% QoQ and +22 % YoY), which was basically in line with the Street’s $1,056mm and our $1,050mm, along with adjusted EBITDA of $66.2mm (6.3% of…
November 4, 2022
Yesterday, The Wall Street Journal reported that Lyft (LYFT; $13.72; O/P) is reducing its headcount by 13%, which was then confirmed by the company in an 8-K filing. By comparison, the company most recently disclosed…
October 25, 2022
This morning, Lyft (LYFT; $14.81; O/P) announced in a blog post that it was re-introducing its Lyft Pink membership program, which now includes new benefits at a lower subscription price ($9.99 per month or $99…
October 18, 2022
Yesterday, Lyft (LYFT; $13.09; O/P) disclosed that the company is increasing the service fee it charges to U.S. riders on its rideshare network to cover higher insurance costs. We think this announcement highlights one of…