Welcome to our dedicated page for Lyft news (Ticker: LYFT), a resource for investors and traders seeking the latest updates and insights on Lyft stock.
Lyft Inc (LYFT) operates a leading transportation network across North America, connecting riders with drivers through its innovative mobile platform. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find timely access to Lyft's press releases, earnings reports, and partnership announcements. Our curated collection ensures you stay informed about key initiatives in ride-sharing innovation, driver financial tools like Lyft Direct, and advancements in multimodal transportation solutions.
Regular updates cover essential developments including service expansions, technology partnerships, and corporate governance changes. All content is sourced from Lyft's communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Lyft's evolving business narrative. Check back frequently to monitor operational milestones shaping the future of urban mobility.
Engine Capital, owning approximately 1% of Lyft shares, has released a presentation calling for significant boardroom changes and value creation initiatives. The activist investor is seeking to elect two new directors - Alan L. Bazaar and Daniel B. Silvers - to replace current board members Sean Aggarwal and Betsey Stevenson.
Key concerns highlighted include:
- Dual-class share structure giving co-founders ~30% voting power despite owning only ~2.3%
- Unoptimized capital structure with $831 million in net cash
- Lack of public company experience among current directors
- Unsustainable dilution and governance issues
Engine Capital proposes immediate implementation of a $750 million accelerated share repurchase program, elimination of the dual-class structure, and de-staggering the board. Their nominees have served on 16 public company boards and would focus on optimizing balance sheet, reducing dilution, and exploring strategic alternatives.
Lyft (Nasdaq: LYFT) has announced the acquisition of FREENOW, a European multi-mobility app, for €175 million ($197 million) in cash from BMW Group and Mercedes-Benz Mobility. The deal, expected to close in H2 2025, marks Lyft's largest expansion outside North America.
FREENOW operates in 9 European countries across 150+ cities, with taxis accounting for 90% of its €1 billion annual Gross Bookings. The acquisition will nearly double Lyft's total addressable market to over 300 billion personal vehicle trips annually and serve 50+ million combined riders.
Under the agreement, FREENOW will maintain its current operations and leadership team. The merger combines FREENOW's European taxi expertise and fleet technology with Lyft's marketplace capabilities. FREENOW holds leading positions in major European cities including Dublin, London, Athens, Berlin, Barcelona, Madrid, and Hamburg.
Lyft (Nasdaq: LYFT) has scheduled the release of its first quarter 2025 financial results for Thursday, May 8, 2025, after market close. The company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss the financial results and business highlights.
Investors and interested parties can access the live audio webcast through Lyft's Investor Relations page at investor.lyft.com. An archived version of the webcast will be made available shortly after the call on the same page.
Lyft (Nasdaq: LYFT) has announced that Chief Financial Officer Erin Brewer will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference. The event is scheduled for Tuesday, March 4, 2025, at 1:50 p.m. Pacific Time in San Francisco, CA.
Investors and interested parties can access a live webcast of the discussion through the investor relations section of Lyft's website at http://investor.Lyft.com.
Lyft reported strong financial results for Q4 and full-year 2024, achieving its first full year of GAAP profitability. Q4 highlights include Gross Bookings of $4.3 billion (+15% YoY), revenue of $1.6 billion (+27% YoY), and net income of $61.7 million.
For full-year 2024, the company reported record performance with Gross Bookings of $16.1 billion (+17% YoY), revenue of $5.8 billion (+31% YoY), and net income of $22.8 million compared to a loss of $340.3 million in 2023. The company achieved all-time highs in rides (828 million, +17% YoY) and active riders (44 million).
Lyft announced an inaugural share repurchase program of $500 million and provided Q1 2025 guidance expecting rides growth in mid-teens and Gross Bookings growth of 10-14% YoY.
Lyft has announced it will release its fourth quarter and full-year 2024 financial results after market close on Tuesday, February 11, 2025. The company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss the financial results and business highlights.
The live audio webcast will be available on Lyft's Investor Relations page, with an archived version accessible shortly after the call. The company communicates material information through various channels, including SEC filings, press releases, conference calls, webcasts, social media platforms, and company blogs to ensure broad public distribution in compliance with Regulation FD.
Lyft has announced that Chief Financial Officer Erin Brewer will participate in a fireside chat at the Barclays Annual Global Technology Conference. The event is scheduled for Wednesday, December 11, 2024, at 11:35 a.m. Pacific Time in San Francisco, CA.
Investors and interested parties can access a live webcast of the discussion through the investor relations section of Lyft's website at investor.Lyft.com.
Lyft (Nasdaq: LYFT) announced that its Chief Financial Officer, Erin Brewer, will participate in a fireside chat at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications (TIMT) Conference on Tuesday, November 19, 2024, in New York, NY, at 2:40 p.m. Eastern Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com.
Lyft reported strong Q3 2024 results with record-breaking performance. Gross Bookings reached $4.1 billion, up 16% year-over-year, while revenue grew 32% to $1.5 billion. The company achieved record Active Riders of 24.4 million (up 9%) and Rides of 217 million (up 16%). Despite a net loss of $12.4 million, Lyft generated Adjusted EBITDA of $107.3 million and free cash flow of $242.8 million. The company announced partnerships with Mobileye, May Mobility, and Nexar for autonomous vehicles, plus a strategic alliance with DoorDash. Lyft raised its FY'24 outlook, expecting mid-teens rides growth and approximately 17% Gross Bookings growth.
Nexar and Lyft (NASDAQ: LYFT) announced a partnership to advance autonomous vehicle (AV) technology development. The collaboration combines Nexar's extensive video telematics data—comprising over 45 petabytes of real-world footage, 200 million miles driven monthly, 5 trillion images, and 59 million videos—with Lyft's anonymized marketplace data. The partnership aims to create comprehensive datasets for AV training and development, focusing on rideshare-specific applications to enhance the commercialization of autonomous vehicles at scale.
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