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Lyft, Inc. (NASDAQ:LYFT ) BofA Securities 2025 Global Technology Conference June 3, 2025 7:00 PM ET Company Participants Erin Brewer - Chief Financial Officer Conference Call Participants Michael McGovern - Bank of America Michael McGovern Thank you, everyone, for joining us. I'm Michael McGovern, I'm on the Internet team here at Bank of America.
Lyft remains an attractive small-cap pick, boasting strong bookings growth and new market expansion, despite recent stock outperformance. The company recently acquired the German taxi-hailing app FREENOW, marking the company's first major expansion outside of the U.S. and Canada. Product differentiation through partnerships and new features like Lyft Silver enhances its competitive position versus Uber and other rivals.
Lyft (NASDAQ: LYFT) reported robust Q1 2025 results, showing ongoing operational and financial momentum. Gross bookings grew by 13% year-over-year (y-o-y) to $4.2 billion, while revenue increased 14% to $1.5 billion.
LYFT's first-quarter 2025 earnings and revenues improve year over year.
The ride-sharing company's achievement of GAAP profitability, healthy free cash flow generation, and an upsized share repurchase program are signaling to investors that the company may be at a potential turning point.
Lyft, Inc.'s Q1 2025 earnings showed strong growth with net revenue at $1.45 billion and adjusted EBITDA at $106.5 million, leading to a 28% stock surge. Despite recent gains, Lyft's long-term performance lags behind Uber, remaining 79% below its IPO price, while Uber has nearly doubled. Lyft's acquisition of FreeNow raises concerns about their understanding of the European market and the realistic total addressable market for ride-hailing services.
Lyft CEO David Risher discusses the ride-hailing company's growing bookings and how Lyft is investing in new markets. Risher joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.
Lyft Inc's (NASDAQ:LYFT) latest earnings offered investors a glimmer of optimism. A modest earnings beat, slightly stronger-than-expected gross bookings, and a confident second-quarter outlook all contributed to a 7.3% share price bump in after-hours trading.
Lyft, Inc. (NASDAQ:LYFT ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Aurelien Nolf - VP, FP&A and IR David Risher - CEO Erin Brewer - CFO Conference Call Participants Brad Erickson - RBC Capital Markets Ken Gawrelski - Wells Fargo Eric Sheridan - Goldman Sachs Ben Black - Deutsche Bank Michael Morton - MoffettNathanson Nikhil Devnani - Bernstein Stephen Ju - UBS Doug Anmuth - JPMorgan Steven Fox - Fox Advisors Operator Good afternoon, and welcome to the Lyft First Quarter 2025 Earnings Call. At this time, all participants are in listen-only mode to prevent any background noise.
While the top- and bottom-line numbers for Lyft (LYFT) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Lyft (LYFT) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.15 per share a year ago.