Lyft posted strong growth in the third quarter.Shares of Lyft (LYFT 22.07%), the No. 2 ride-sharing company, were moving higher today after the company reported strong results in its third-quarter earnings report, including record trips.As of 1:39 p.m. ET, the stock was up 22.9%. Lyft is acceleratingLyft continues to deliver solid growth, with gross bookings up 16% in the quarter, driving revenue up 32% to $1.52 billion. This beat estimates at $1.44 billion, as the company deployed incentives to riders and ...

Lyft (LYFT) stock is racing up the price charts Thursday after the ride-sharing company beat top- and bottom-line expectations for its third quarter and raised its full-year outlook.In the three months ended September 30, Lyft's revenue increased 31.5% year over year to $1.5 billion, boosted by a 15.6% jump in gross bookings to $4.1 billion. Its earnings per share (EPS) improved 20.8% from the year-ago period to 29 cents."Our team delivered one of the strongest quarters in Lyft history, following the many n ...

Rideshare concern Lyft Inc (NASDAQ:LYFT) is seeing high options activity today, after the company reported strong third-quarter earnings and revenue and issued an upbeat current-quarter gross bookings outlook. The security attracted no fewer than 10 price-target hikes in response, including one from RBC to $24 from $10.So far today, 134,000 calls and 50,000 puts have been traded, which is seven times the volume typically seen at this point. Most active is the December 20 call, followed by the weekly 11/8 20 ...

Shares of Lyft Inc LYFT were climbing in early trading on Thursday, after the company reported upbeat third-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Check out other analyst stock ratings.Cantor Fitzgerald: Lyft’s third-quarter bookings and EBITDA beat estimates by 1% and 14%, respectively, Mathivanan said in a note. The quarterly results should "re-inspire confidence" in the company's medium-term guidance, he added.The company ma ...

Amid investors' excitement for Donald Trump's reelection as the 47th president of the U.S. and the possibility of favorable tax policies that may follow, plus the specter of continued interest rate cuts by the Fed, it's almost difficult toWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular con ...

Lyft, Inc. (NASDAQ:LYFT) Q3 2024 Earnings Call Transcript November 6, 2024 5:00 PM ET Company Participants Aurelien Nolf - VP, FP&A and IR David Risher - CEO Erin Brewer - CFO Conference Call Participants Doug Anmuth - JPMorgan Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley Ken Gawrelski - Wells Fargo Benjamin Black - Deutsche Bank Shweta Khajuria - Wolfe Research John Blackledge - TD Cowen Steven Choi - UBS Operator Good afternoon and welcome to the Lyft Third Quarter 2024 Earnings Call. At thi ...

Key TakeawaysLyft shares soared in extended trading Wednesday after the company reported better-than-expected quarterly results.The ride-hailing company also boosted its outlook for the full fiscal year. The results come as Lyft inks new deals with autonomous vehicle companies to bring "robotaxis" to its platform. Lyft (LYFT) shares soared over 20% in extended trading Wednesday after the company reported better-than-expected quarterly results and raised its outlook. The ride-hailing company’s third-quarter ...

Key TakeawaysLyft announced a trio of new partnerships with autonomous vehicle companies Wednesday.The deals with Mobileye, May Mobility, and Nexar follow similar deals from Uber with Waymo and Cruise, and Tesla's recent "robotaxi" unveiling.The ridesharing company also reported its latest financial results after the closing bell. Lyft (LYFT) has joined rideshare rival Uber (UBER) in signing a number of partnerships with autonomous driving software makers to bring "robotaxis" to its platform. Lyft on Wedne ...

November 6, 2024 Q3 Fiscal 2024 Earnings Supplemental Data lyA Forward Looking Statements & Non-GAAP Financial Measures This presentation and the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Lyft's future financial or operating performance. In some cases, you can identify forward l ...

Exhibit 99.1 Lyft Announces Strong Q3 2024 Financial Results and Raises Full-Year Outlook Active Riders and Rides reached new all-time highs Gross Bookings grew 16% year-over-year SAN FRANCISCO, CA, November 6, 2024 - Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the third quarter ended September 30, 2024. "Our team delivered one of the strongest quarters in Lyft history, following the many new innovations we've brought to drivers and riders so far this year," said CEO David Risher. "Going ...