Drivers on the Lyft platform now have access to a host of new features including Lyft Direct Savings, Balance Protection, enhanced cashback rewards, and more SAN FRANCISCO and TORONTO, Aug. 27, 2024 /PRNewswire/ - Lyft, Inc. (NASDAQ: LYFT), one of the largest transportation networks in North America, and Payfare Inc. (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, are launching new feature ...

This ride-sharing specialist could be poised for a turnaround. Lyft (LYFT 1.83%), the No. 2 ride-sharing operator behind Uber Technologies, has burned nearly every investor who has bought the stock. As you can see from the chart below, the stock is down sharply from its 2019 initial public offering (IPO). Lyft stock has fallen in three separate episodes. First, the stock crashed after a successful IPO as investors believed the money-losing company was overvalued in 2019. The following year, it fell along wi ...

Abstract Aerial Art/DigitalVision via Getty Images Lyft (NASDAQ:LYFT) stock sold off massive after reporting its Q2 2024 results and outlook, pulling back over 17%, in spite of achieving its first-ever quarter of GAAP profitability. I reiterate my buy rating on Lyft, as I think Lyft is now better positioned to outperform in the second half of FY2024, as we've gotten the negatives out of the way. The stock sold off after earnings as investors panicked due to 1) a slight miss on gross bookings, coming in at a ...

Lyft Inc. (LYFT) reported second-quarter 2024 earnings of 24 cents per share, which beat the Zacks Consensus Estimate of 19 cents and improved year over year. Revenues of $1.435 billion also outpaced the Zacks Consensus Estimate of $1.386 billion and improved 40.6% year over year, reflecting growth in the rideshare market. Active riders increased 10.2% year over year to 23.7 million. Gross bookings reported for the quarter were $4.018 billion, marking a year-over-year increase of 17%. Lyft's adjusted EBITDA ...

whitebalance.oatt/E+ via Getty Images For the first time in what feels like over a year, fear is back in the markets, and back with it is irrationality. Investors have reacted sharply to earnings news this quar sending shares of high-quality companies down dramatically on the first hint that they aren't operating at perfection. Lyft (NASDAQ:LYFT) has been one of the big victims of this short-sightedness. Despite posting strong Q2 results, investors had an extremely negative view of the company's Q3 outlook ...

Lyft's shares tanked 17% on Wednesday after a soft forecast for the key summer quarter stirred worries that it may be losing ground to rival Uber. Uber, which reported strong results on Tuesday, and Lyft are locked in a tussle for market share in the North American ride-hailing sector. Benefiting from a global footprint and wider array of services, Uber has been wooing customers with subscription offerings while Lyft doubled down on competitive fares as well as company-wide cost cuts to boost its business. ...

Lyft's guidance disappointed even as it reported its first-ever GAAP profit. Shares of Lyft (LYFT -17.23%) were taking a dive today after the No. 2 ride-sharing company posted disappointing results in its second-quarter earnings report last night. As a result, the stock closed the day down 17.2%. Q2 results were strong Lyft's second-quarter results were strong, but weaker third-quarter guidance seemed to spook investors. Second-quarter revenue jumped 41% year over year to $1.44 billion, beating the consensu ...

Ride-hailing platform Lyft on Wednesday (Aug. 7) announced performance benchmarks in the second quarter, reflecting strong engagement from both riders and drivers. The company reported a record 23.7 million active riders, representing a 10% increase from the previous year. Total rides hit a new high of 205 million, up 15% year over year. Lyft's driver engagement saw significant improvements, with driver hours and recruitment reaching new highs. The company also introduced the Driver Earnings Commitment nati ...

财务表现 - 2024年第二季度总营收为14.358亿美元，同比增长41%[146] - 2024年第二季度总成本和费用为14.631亿美元，同比增长24%[146] - 2024年第二季度营业亏损为2,720万美元，同比减少83%[146] - 2024年第二季度调整后EBITDA为1.029亿美元，同比增长151%[146] - 2024年第二季度调整后EBITDA占总预订额的比例为2.6%，同比提升1.4个百分点[146] - 2024年第二季度调整后净收益为9,890万美元，同比增长66%[146] - 2024年第二季度经营活动产生的现金流为2.762亿美元，同比增长495%[146] - 2024年第二季度乘客人数为2,370万人次，同比增长10%[146] - 收入同比增长41%，达到14.36亿美元[167] - 收入同比增长34%，达到27.13亿美元[167] - 成本成本同比增长35%，达到8.20亿美元[169] - 成本成本同比增长36%，达到15.75亿美元[169] - 2024年第二季度总收入为14.358亿美元，同比增长41%[189] - 2024年上半年总收入为27.13亿美元，同比增长34%[189] - 2024年第二季度调整后EBITDA为1.029亿美元，同比增长151%[190] - 2024年上半年调整后EBITDA为1.623亿美元，同比增长155%[190] - 2024年第二季度净收入为5.0百万美元，2023年第二季度净亏损为114.3百万美元[201] - 2024年第二季度调整后EBITDA为102.9百万美元，2023年第二季度为41.0百万美元[201] - 2024年第二季度毛订单额为4,018.9百万美元，2023年第二季度为3,446.0百万美元[201] - 2024年第二季度调整后EBITDA占毛订单额的比例为2.6%，2023年第二季度为1.2%[201] - 2024年上半年净亏损为26.5百万美元，2023年上半年为301.9百万美元[201] - 2024年上半年调整后净收入为158.9百万美元，2023年上半年为87.2百万美元[205] - 2024年上半年经营活动产生的现金流为432.4百万美元，2023年上半年为负144.0百万美元[208] - 2024年上半年自由现金流为383.5百万美元，2023年上半年为负233.0百万美元[208] 财务状况 - 公司拥有18亿美元的未受限制的现金和现金等价物以及短期投资[218] - 公司可以在循环信贷融资中借款总额度为4.2亿美元,截至2024年6月30日尚未动用[218] - 公司在2024年6月30日和2023年12月31日分别拥有11亿美元和8.37亿美元的受限制再保险信托投资[217] - 公司认为目前的流动性可以满足未来12个月的营运资金、短期承诺和资本支出需求[218] 成本费用 - 研发费用同比下降36%，达到0.99亿美元[175] - 研发费用同比下降43%，达到1.99亿美元[175] - 销售和营销费用同比增长62%，达到1.76亿美元[178] - 销售和营销费用同比增长43%，达到3.22亿美元[178] - 一般及管理费用同比增长25%，达到2.53亿美元[181] - 一般及管理费用同比增长7%，达到4.89亿美元[181] - 一般及行政费用在2024年6月30日结束的三个月内增加5120万美元，或25%[182] - 一般及行政费用在2024年6月30日结束的六个月内增加3100万美元，或7%[182] - 利息费用在2024年6月30日结束的三个月内增加170万美元，或28%[184] - 利息费用在2024年6月30日结束的六个月内增加330万美元，或29%[185] - 其他收益(费用)净额在2024年6月30日结束的三个月内减少1110万美元，或21%[187] - 其他收益(费用)净额在2024年6月30日结束的六个月内减少730万美元，或8%[187] 其他 - 公司在2024年第二季度实现了首次净收益[146] - 公司于2022年11月3日签订了一项420百万美元的循环信贷协议[215] - 公司在2023年第四季度和2023年第二季度宣布了裁员,并在2023年第一季度产生了重组费用[218] - 公司计划继续积极管理和优化现金余额和流动性、资本支出、营运资金和经营费用[218] - 公司计划进一步投资电动汽车,以满足加州、马萨诸塞州、纽约市和多伦多市的相关监管要求[218] - 公司在2023年第二季度实现了首次净收益,并连续第三个季度实现了正自由现金流[218]

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A Lyft sign is displayed on a car in Chicago, March 11, 2024. Credit: AP Photo/Nam Y. Huh, File Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors. Shares of Lyft were down close to 13% in midday trading to $9.54 per share, even as t ...