LYFT NASDAQ: LYFT przewozy na żądanie, konkurent Ubera

[slayer74]

Uber Technologies Inc (UBER 2,93%) i Lyft Inc (LYFT 4,43%) wydają miliony dolarów, aby zapewnić kierowcom dostęp do szczepionek COVID-19 i oferują bezpłatne lub promocyjne przejazdy do miejsc szczepień dla ludzi w społecznościach, którym brakuje dostępu do transportu i usług opieki zdrowotnej.

https://www.paszport.ws//uber-oraz-lyft ... enia-w-usa

[slayer74]

Toyota przejmie za 550 mln USD dział autonomicznych aut od Lyft

https://www.pb.pl/toyota-przejmie-za-55 ... ft-1114911

[slayer74]

Lyft says wait times decrease as U.S. drivers mark gradual return

By Tina Bellon

(Reuters) - Lyft Inc (NASDAQ:LYFT) said on Wednesday the number of drivers on its U.S. ride-hail platform was gradually increasing, resulting in reduced wait times for customers and a modest decrease in surcharge pricing as travel rebounds from pandemic lows.

Lyft said active drivers on its platform had increased 10% since the beginning of May, adding that thousands of new drivers were activated over just the past two weeks.

In data provided to Reuters exclusively, the company said passenger wait times across the United States were down around 15% on average compared with one month ago. Wait times in some major markets, including Austin, Texas; Miami and Philadelphia, were 25% to 30% shorter and down as much as 35% in Las Vegas.

Serving the rebound in travel demand is crucial for Lyft, which has promised investors it will be profitable on an adjusted basis by the end of the third quarter in September. Longer wait times mean a loss of potential customers and lower revenue.

Lyft declined to provide absolute figures for driver numbers and wait times. The company also warned that wait times and prices may continue to fluctuate as the rebound from the pandemic continues.

Lyft and its larger rival Uber Technologies (NYSE:UBER) Inc have been scrambling in recent months to bring back drivers to their platforms to serve a sudden uptick in rider demand as more Americans are vaccinated against COVID-19 and resume pre-pandemic travel.

Uber and Lyft are trying to lure drivers back with additional incentives and the promise of temporarily higher earnings.

The undersupply of drivers has led to a sharp increase in prices and long wait times in many U.S. cities, causing many ride-hail customers to vent their frustrations online.

Lyft said on Wednesday that surcharge fares during peak demand - a measure the company calls Prime Time pricing - had declined 15% during the last week of May compared with the last week of March.

https://www.investing.com/news/stock-ma ... rn-2534139

[slayer74]

Lyft Inc. (LYFT) - Get Lyft Inc Class A Report posted a surprise profit Tuesday, saying it’s seeing a return of drivers and trips to airports and on weekends.

The company reported revenue of $864 million for the latest quarter, slightly ahead of estimates. It posted earnings per share of 5 cents, vs. analyst estimates of a loss of 3 cents a share.

"We had a great quarter,” said Logan Green, co-founder and chief executive officer of Lyft in a statement. “Driver supply materially improved in Q3, up nearly 45% versus last year, reflecting strong new driver trends."

The company said it anticipates improved service and pricing in the fourth quarter. "Given our success onboarding new drivers and expected supply tailwinds, we anticipate our service levels will naturally improve in Q4 and lead to lower prices," said Brian Roberts, chief financial officer of Lyft, in the statement.

[slayer74]

LYFT (NASDAQ:LYFT) jumped 16% after the ride-hailing company reported a surprise quarterly profit as demand jumped to pre-pandemic levels.

[slayer74]

Shares of LYFT, Inc. (NASDAQ:LYFT) tumbled 35% as it cut prices and said seasonal factors would weigh on results in the current quarter. Investors worried it was falling behind its bigger ride-hailing rival Uber Technologies (NYSE:UBER).

[slayer74]

(Reuters) -Lyft Inc said on Monday founders Logan Green and John Zimmer would step down as CEO and president, with board member David Risher taking on the top role as the ride-hailing firm struggles to keep up with bigger rival Uber (NYSE:UBER).

Risher, a former Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) executive, ran non-profit Worldreader for over a decade before joining Lyft (NASDAQ:LYFT)'s board in 2021.

The change of guard at Lyft comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertaken to keep up with bigger rival Uber - which boasts better pricing power, a global presence and a food delivery business.

Risher said he would focus on service for riders and drivers as well as the cost of rides.

"One of the first things we're very focused on is making sure we are matching Uber on price," Risher said in an interview.

Expanding the business to food and grocery delivery was not an open option because of what it could do to the rider or the driver experience, he added.

"The last thing they want is to get into a car that just dropped off a pizza. I think that's a business model that may or may not be ultimately very customer-friendly."

Shares of Lyft lost nearly three-quarters of their value in 2022 and are down about 13% this year. Uber has gained 24%.

Lyft stock gained about 3% in after-market trading on Monday.

The company, which was founded in 2012 and went public in 2019, is yet to report an annual profit but has trimmed losses over the years despite its business coming to a halt during the pandemic.

"Lyft needed to do something ... to begin rebuilding investor trust," Gordon Haskett analyst Robert Mollins said. "We believe today's announcement means a sale is unlikely – at least in the near-term - as David will likely be given a fair amount of time to improve (or at least attempt to) the company's competitive and financial position."

Mollins, however, said it was "odd" how Lyft emphasized Risher's work with Amazon's Jeff Bezos and Microsoft's Bill Gates, when he worked at the companies over 20 years ago.

Risher helped build Amazon in the early years, and when he left, Bezos publicly thanked him, saying Amazon would "build on the foundation you helped pour".

At the helm of non-profit Worldreader, Risher helped deliver about 75 million digital books to 21 million children as a part of the group's mission to improve children's reading habits.

Risher is set to become Lyft CEO on April 17. He will get an annual salary of $725,000 and a signing bonus of $3.25 million, the company said.

Green, who was 23 when he moved to the Bay Area and started working on Lyft in a 125 sq. ft. office, will serve as Lyft's chairman, while Zimmer will be the vice chair.

[slayer74]

Investing.com - LYFT (NASDAQ: LYFT) reported first quarter EPS of $-0.50, $0.42 worse than the analyst estimate of $-0.08. Revenue for the quarter came in at $1B versus the consensus estimate of $981.71M.

Guidance
LYFT sees Q2 2023 revenue of $1,000.00K-$1.02M versus the analyst consensus of $1.08M.

LYFT's stock price closed at $10.69. It is down -38.49% in the last 3 months and down -51.48% in the last 12 months.

LYFT saw 0 positive EPS revisions and 11 negative EPS revisions in the last 90 days. See LYFT's stock price’s past reactions to earnings here.

According to InvestingPro, LYFT's Financial Health score is "weak performance".

[slayer74]

(Reuters) -Lyft said on Monday it was exploring options for its bikes and scooters unit, including a sale or a strategic partnership, the latest move to help turn around the company that has fallen behind Uber (NYSE:UBER) in the North American ride-sharing market.

Lyft (NASDAQ:LYFT) said it has received "strong inbound interest" for the business that operates in 15 countries and served 3.6 million riders last year with around 68,000 bikes and scooters.

Its shares were up 1.3% after the news in a broadly stronger market.

"It's only logical for Lyft to listen to credible proposals and explore strategic partners and options in several forms to serve more riders," the company said in a blog post. It does not disclose how much of its revenue comes from the business.

Under new Chief Executive David Risher, Lyft has spent the past few months cutting costs after its strategy for clawing back market share from Uber with lower fares stoked concerns of a hit to its profit margins.

In one of his first steps after taking the reins, former Amazon (NASDAQ:AMZN) executive Risher announced in April that Lyft would lay off about 1,072 employees, or 26% of its workforce, and asked employees to come to the office more regularly.

[slayer74]

Lyft shares fall 8% as management comments overshadow earnings beat

Investing.com -- LYFT (NASDAQ:LYFT) shares fell nearly 8% in early Wednesday trade despite the ride-hailing company beating expectations for the second quarter and providing better than forecast guidance.

While shares rose initially, they quickly fell on cautious management commentary.

Adjusted earnings per share of 16 cents beat expectations for a 1 cent per share loss in the quarter. Revenue of $1.02 billion matched the consensus estimate.

Lyft sees third-quarter revenue of $1.13B to $1.15B, which is higher than Wall Street estimates.

CEO David Risher said: “Between summer travel and return-to-office commuting, folks are getting out more every day and loving the Lyft rideshare experience. Standard rides have reached their second-highest level ever.”

The company reported adjusted earnings before interest, taxes, depreciation, and amortization of $41 million, which is higher than its guidance for $20M to $30M.

Active riders rose 8.2% to 21.5M. The company sees third-quarter adjusted Ebitda of between $75M and $85M.

Bernstein analysts said the results show that headwinds facing Lyft's business still persist.

"Those Y/Y headwinds will persist through 2023, and Q4 has added challenges of insurance cost rising that will pressure the run-rate margins of the business. Nonetheless, we appreciate management getting out ahead of the tough Q4 set-up and offering some rough guidance. The attention can now shift to 2024, where revenue growth should re-accelerate towards trip growth (assuming stable pricing and take rate), but the underlying earnings power and FCF generation of the model remain outstanding questions," the analysts said.

Susquehanna analysts added that the management commentary about second-half of the year led "to another noisy report."

"It appears that LYFT’s competitive pricing initiative will continue to weigh on the unit economics, and the upcoming insurance renewals could add some noise on the cost side later in the year. Given these issues and potential for near-term turbulence, we remain Neutral."