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Welcome to the Lyft earnings call for the second quarter of 2024. On the call today, we have our CEO, David Risher; and our CFO, Erin Brewer. We'll make forward-looking statements on today's call ...
In an earnings statement released after the bell, Lyft estimated its gross margin would expand by 500 basis points, or 5 percentage points. That sent the company’s stock shooting higher.
And not to get lost in the shuffle: Lyft reported solid earnings. In Q4, active riders rose 10% year over year, and the 191 million total rides reported is a gain of 26%. For all of 2023, rides ...
In terms of valuation, Lyft is trading at just 16 times its average Wall Street consensus-earnings per share (EPS) 2024 estimate of $0.74 as a forward price-to-earnings (P/E) ratio.
A Lyft vehicle in Santa Monica, California, with the original grill-stache branding, since retired. Lyft was launched in the summer of 2012 by computer programmers Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport that they founded in 2007 after Green shared rides from the University of California, Santa Barbara ...
NEW YORK — New York Attorney General Letitia James has secured $328 million from Uber and Lyft for taking earnings from drivers. The companies have also agreed to new protections and benefits ...
Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms ...
Logan D. Green. Alma mater. University of California, Santa Barbara. Occupation (s) Co-founder and chairman of Lyft. Spouse. Eva Green. Logan D. Green is the chairman and former CEO of Lyft, [1] which he co-founded with John Zimmer in 2012. [2] Lyft grew out of Zimride, a ride share company previously founded by the duo in 2007. [3][4]