Reported Earnings • May 14
First quarter 2026 earnings released: EPS: US$0.036 (vs US$0.006 in 1Q 2025) First quarter 2026 results: EPS: US$0.036 (up from US$0.006 in 1Q 2025). Revenue: US$1.65b (up 14% from 1Q 2025). Net income: US$14.3m (up 455% from 1Q 2025). Profit margin: 0.9% (up from 0.2% in 1Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 146% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 17
Lyft, Inc. to Report Q1, 2026 Results on May 07, 2026 Lyft, Inc. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Annuncio • Apr 02
Lyft, Inc., Annual General Meeting, Jun 03, 2026 Lyft, Inc., Annual General Meeting, Jun 03, 2026. Annuncio • Apr 01
Lyft, Inc. Faces Federal Multidistrict Litigation over Passenger Sexual Assault Allegations Wagstaff Law Firm announced Aimee Wagstaff was appointed Co-Lead Counsel in the federal multidistrict litigation (MDL) against Lyft, Inc. (In re: Lyft, Inc. Passenger Sexual Assault Litigation, 3:26-md-03171 (N.D. Cal., filed Feb. 5, 2026)), involving widespread allegations of sexual assault by rideshare drivers. The MDL consolidates a growing number of lawsuits filed nationwide stemming from claims that Lyft failed to protect passengers despite years of reports involving sexual misconduct by drivers and mounting safety concerns. The Judicial Panel on Multidistrict Litigation created the proceeding in early 2026 to streamline discovery and pretrial proceedings as the number of cases continues to grow. Dozens of federal cases are already pending, with thousands of related claims filed in state courts and additional filings expected. Plaintiffs across the country [1]allege that Lyft built its platform by prioritizing rapid expansion over passenger safety, and failed to implement adequate background checks, ignoring prior complaints about dangerous drivers, and delaying critical safety features that could have prevented assaults. Some lawsuits describe particularly egregious incidents, including assaults occurring during active rides with passengers in vulnerable situations which highlights what plaintiffs claim are systemic failures in Lyft's safety protocols and driver monitoring systems. Annuncio • Mar 13
Cyberonix Experts Supports Quartz Auto Technologies in Federal Jury Verdict Against Lyft Cyberonix Experts, LLC announced that it supported Quartz Auto Technologies LLC in connection with the March 5, 2026 jury verdict in Quartz Auto Technologies LLC v. Lyft, Inc., Case No. 1:20-cv-00719-ADA, in the U.S. District Court for the Western District of Texas. A unanimous jury found that Lyft's Smart Trip Check-In functionality infringed asserted claims 1, 2, 4, 11, and 12 of U.S. Patent No. 9,460,616 and further found that Lyft had not proven those asserted claims invalid. The jury awarded Quartz Auto a lump-sum damages award rather than a running royalty. Lyft's Smart Trip Check-In is an automated safety feature that uses location data collected from riders' and drivers' smartphones to monitor rides in real time for irregularities, such as unexpectedly long stops, route deviations, or premature ride cancellations. If an issue is detected, the app prompts riders and drivers to confirm that they are safe and provides direct access to 911 and ADT emergency services. Public reporting described the '616 patent as covering technology for providing information to drivers through an automatic driving system that communicates with mobile objects. The verdict followed litigation that began in 2020 before Judge Alan D. Albright in the Western District of Texas. Cyberonix was retained by Irell & Manella LLP to provide software expert witness services in the matter. Annuncio • Feb 11
Lyft, Inc. (NasdaqGS:LYFT) announces an Equity Buyback for $1,000 million worth of its shares. Lyft, Inc. (NasdaqGS:LYFT) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million of the Company’s Class A common stock. Annuncio • Jan 28
Lyft, Inc. Appoints Deborah Hersman as Member of Board of Directors and Member of Nominating and Corporate Governance Committee, Effective January 25, 2026 On January 25, 2026, the Board of Directors of Lyft, Inc. appointed Deborah Hersman to serve as a member of the Board, effective immediately. She will serve as a Class I director with a term of office expiring at the Company’s 2026 Annual Meeting of Stockholders. Ms. Hersman has also been appointed as a member of the Nominating and Corporate Governance Committee of the Board, effective immediately. From 2004 to 2014, Ms. Hersman served as a member of the board of directors and from 2009 to 2014 as chair of the National Transportation Safety Board. From 2014 to 2019, she served as President and Chief Executive Officer of the National Safety Council, a nonprofit organization focused on workplace and roadway safety advocacy. From January 2019 to February 2021, Ms. Hersman served as Chief Safety Officer and Advisor at Waymo LLC, an autonomous driving technology company and an independent company of Google’s parent company, Alphabet Inc. Previously, she served in a professional staff role for the U.S. Senate Commerce, Science and Transportation Committee. Ms. Hersman has served as a member of the board of directors of ONE Gas, Inc., a natural gas utility company, since June 2023 and will serve as Chair starting in May 2026, and NiSource Inc., an electric and gas utility company, since June 2019. In the past five years, she also served as a member of the board of directors of Velodyne Lidar, Inc., a lidar technology company. Ms. Hersman holds a B.A. in Political Science and International Studies from Virginia Tech, and a M.S. in Conflict Analysis and Resolution from George Mason University. Ms. Hersman was selected to serve on the Board because of her significant operating experience in the autonomous vehicles industry, safety and regulatory expertise and public company board experience. Annuncio • Jan 21
Lyft, Inc. to Report Q4, 2025 Results on Feb 10, 2026 Lyft, Inc. announced that they will report Q4, 2025 results After-Market on Feb 10, 2026 Board Change • Dec 23
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Alan Bazaar was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €21.21, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 10x in the Transportation industry in Europe. Total returns to shareholders of 81% over the past three years. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$0.11 (vs US$0.03 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.11 (up from US$0.03 loss in 3Q 2024). Revenue: US$1.69b (up 11% from 3Q 2024). Net income: US$46.1m (up US$58.5m from 3Q 2024). Profit margin: 2.7% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 16
Lyft, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Lyft, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Board Change • Oct 09
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Alan Bazaar was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 17
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Alan Bazaar was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Alan Bazaar was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €13.53, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 11x in the Transportation industry in Europe. Total loss to shareholders of 14% over the past three years. Annuncio • Aug 15
Lyft, Inc. Announces Board Changes Lyft, Inc. announced that its co-founders, Logan Green, Chair of the Board, and John Zimmer, Vice Chair of the Board, intend to step down from the Lyft Board of Directors (the “Board”) on August 14, 2025. In connection with the transition, Sean Aggarwal has been elected to serve as Chair of the Board, enhancing the Board’s independence. Aggarwal joined the Board in 2016, served as Chair of the Board from 2019 to 2023 and was appointed Lead Independent Director in 2023. With these changes, the Board will reduce its size to seven members, six of whom are independent. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: US$0.097 (vs US$0.012 in 2Q 2024) Second quarter 2025 results: EPS: US$0.097 (up from US$0.012 in 2Q 2024). Revenue: US$1.59b (up 11% from 2Q 2024). Net income: US$40.3m (up US$35.3m from 2Q 2024). Profit margin: 2.5% (up from 0.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Aug 04
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Alan Bazaar was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Aug 01
Lyft, Inc. (NasdaqGS:LYFT) completed the acquisition of Intelligent Apps GmbH from Mercedes-Benz Mobility AG and Bayerische Motoren Werke Aktiengesellschaft (XTRA:BMW). Lyft, Inc. (NasdaqGS:LYFT) entered into a definitive agreement to acquire Intelligent Apps GmbH from Mercedes-Benz Mobility AG and Bayerische Motoren Werke Aktiengesellschaft (XTRA:BMW) for €175 million on April 16, 2025. The transaction will be financed with the available cash in hand. Intelligent Apps will continue operating as it does today, with its talented leadership team and employees.
The transaction subject to customary closing conditions and regulatory approvals and is expected to close in the second half of 2025.
Guggenheim Securities, LLC acted as financial advisor to Lyft, Inc. Baker & McKenzie LLP acted as legal advisor to Lyft, Inc. Lazard & Co. GmbH acted as financial advisor to Mercedes-Benz Mobility AG and Bayerische Motoren Werke Aktiengesellschaft. Christoph Dachner, Benjamin Parameswaran, Tim Arndt, Björn Enders, Burkhard Führmeyer, Semin O, Jérôme Halphen, Thilo Streit, Enno Ahlenstiel of DLA Piper acted as legal advisor to Mercedes-Benz Mobility AG and Bayerische Motoren Werke Aktiengesellschaft.
Lyft, Inc. (NasdaqGS:LYFT) completed the acquisition of Intelligent Apps GmbH from Mercedes-Benz Mobility AG and Bayerische Motoren Werke Aktiengesellschaft (XTRA:BMW) on July 31, 2025. Lyft and FREENOW team members will start working side by side to roll out new features for riders and drivers around the world. The acquisition will not impact Lyft’s Q2 financial results. Annuncio • Jul 17
Lyft, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Lyft, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Annuncio • Jul 02
Lyft, Inc. Appoints Stephen Hope as Chief Accounting Officer, Effective July 07, 2025 On July 1, 2025, Lyft, Inc. announced that Stephen Hope will join the Company as Chief Accounting Officer, effective July 7, 2025. Mr. Hope will assume responsibility as principal accounting officer from Erin Brewer, who will continue her role as the Company’s Chief Financial Officer and principal financial officer. Prior to joining the Company, from August 2006 to June 2025, Mr. Hope, 58, served in a variety of financial roles for Autodesk, Inc. (“Autodesk”), a multinational software products and services company, most recently as Senior Vice President and Chief Accounting Officer from September 2018 to June 2025. Prior to Autodesk, Mr. Hope served as corporate controller in several early-stage software startups and held roles at Ernst & Young, a professional services company, for 10 years in its technology audit practice. He was a member of the American Institute of Certified Public Accountants’ (AICPA) Software Industry Task Force, where he contributed to the ACS 606 revenue recognition standard initiative and drove the implementation guidance for on-premise and cloud hybrid offerings. Mr. Hope holds a B.A. in Economics and Business from the University of California, Los Angeles and is a certified public accountant (inactive). Board Change • Jul 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Alan Bazaar was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • May 12
Engine Capital Management Provides Information to Shareholders of Lyft On May 8, 2025, Engine Capital Management, LP announced that upon the public announcement by Lyft, Inc. an increase in the Company’s share repurchase authorization to $750 million; a commitment to utilize $500 million of such authorization within the next 12 months, including using $200 million over the next three months; and that the Company intends to enter into one or more Rule 10b5-1 trading plans to facilitate the repurchase of shares under the authorization, Engine Capital withdrew its slate of nominees for election to the Board of Directors of the Company at the annual meeting. Engine Capital will not vote any proxies received from stockholders of the Company at the annual meeting. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: US$0.006 (vs US$0.079 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.006 (up from US$0.079 loss in 1Q 2024). Revenue: US$1.45b (up 14% from 1Q 2024). Net income: US$2.57m (up US$34.1m from 1Q 2024). Profit margin: 0.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annuncio • Apr 30
Engine Capital Issues Presentation to Shareholders of Lyft On April 29, 2025, Engine Capital LP announced that it has issued an investor presentation with shareholders of Lyft Inc, highlighting Company’s governance and capital allocation shortcomings regarding 1) dual-class share structure, 2) staggered board, 3) unsustainable level of dilution, 4) unoptimized balance sheet, and Engine Capital stated that its director board nominees Alan L. Bazaar and Daniel B. Silvers, have public company board experience, expertise in capital allocation, track records of value creation. In addition, Engine Capital stated that it has issued recommendations to 1) implement a $750 million accelerated share repurchase program, 2) eliminate the dual class share structure, 3) de-stagger the board. Further, Engine Capital stated that the current board has 1) lack of public company experience and financial sophistication, 2) 7 out of 10 directors have never served on another public company board, and 3) governance issues: staggered elections, supermajority vote requirement, inability of shareholders to act by written consent or call special meetings, no resignation policy for directors failing to receive a majority of votes. Engine Capital urged the shareholders of the Company to vote for its board nominees Alan L. Bazaar, Daniel B. Silvers, and replace directors Sean Aggarwal and Betsey Stevenson. Annuncio • Apr 28
Lyft, Inc., Annual General Meeting, Jun 05, 2025 Lyft, Inc., Annual General Meeting, Jun 05, 2025. Annuncio • Apr 17
Lyft, Inc. (NasdaqGS:LYFT) entered into a definitive agreement to acquire Intelligent Apps GmbH from Mercedes-Benz Mobility AG and Bayerische Motoren Werke Aktiengesellschaft (XTRA:BMW) for €175 million. Lyft, Inc. (NasdaqGS:LYFT) entered into a definitive agreement to acquire Intelligent Apps GmbH from Mercedes-Benz Mobility AG and Bayerische Motoren Werke Aktiengesellschaft (XTRA:BMW) for €175 million on April 16, 2025. The transaction will be financed with the available cash in hand. Intelligent Apps will continue operating as it does today, with its talented leadership team and employees.
The transaction subject to customary closing conditions and regulatory approvals and is expected to close in the second half of 2025.
Guggenheim Securities, LLC acted as financial advisor for Lyft, Inc. Baker & McKenzie LLP acted as legal advisor for Lyft, Inc. Lazard & Co. GmbH acted as financial advisor for Mercedes-Benz Mobility AG and Bayerische Motoren Werke Aktiengesellschaft. DLA Piper Germany acted as legal advisor for Mercedes-Benz Mobility AG and Bayerische Motoren Werke Aktiengesellschaft. Annuncio • Apr 16
Lyft, Inc. to Report Q1, 2025 Results on May 08, 2025 Lyft, Inc. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Annuncio • Mar 04
Lyft, Inc. Announces Chief Accounting Officer Changes On March 3, 2025, Lyft, Inc. announced that Lisa Blackwood-Kapral, the Company’s Chief Accounting Officer, will depart the Company effective March 6, 2025. Ms. Blackwood-Kapral’s departure is not the result of any dispute or disagreement with the Company, its board of directors, or its management, or any matter relating to the Company’s operations, policies or practices. Effective upon Ms. Blackwood-Kapral’s departure, Erin Brewer, the Company’s Chief Financial Officer, will serve as interim CAO and principal accounting officer. Ms. Brewer will continue to serve as CFO and principal financial officer. Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: US$0.056 (vs US$0.88 loss in FY 2023) Full year 2024 results: EPS: US$0.056 (up from US$0.88 loss in FY 2023). Revenue: US$5.79b (up 31% from FY 2023). Net income: US$22.8m (up US$363.1m from FY 2023). Profit margin: 0.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Annuncio • Feb 12
Lyft, Inc. (NasdaqGS:LYFT) announces an Equity Buyback for $500 million worth of its shares. Lyft, Inc. (NasdaqGS:LYFT) announces a share repurchase program. Under the program, the company will repurchase up to $500 million of the Company’s Class A common stock. Breakeven Date Change • Feb 03
Forecast breakeven date moved forward to 2025 The 41 analysts covering Lyft previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$50.4m in 2025. Average annual earnings growth of 50% is required to achieve expected profit on schedule. Annuncio • Jan 22
Lyft, Inc. to Report Q4, 2024 Results on Feb 11, 2025 Lyft, Inc. announced that they will report Q4, 2024 results After-Market on Feb 11, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: US$0.03 loss per share (vs US$0.031 loss in 3Q 2023) Third quarter 2024 results: US$0.03 loss per share. Revenue: US$1.52b (up 32% from 3Q 2023). Net loss: US$12.4m (loss widened 2.7% from 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Transportation industry in Europe. Breakeven Date Change • Oct 22
Forecast to breakeven in 2025 The 39 analysts covering Lyft expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$19.3m in 2025. Average annual earnings growth of 64% is required to achieve expected profit on schedule. Annuncio • Oct 17
Lyft, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Lyft, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.012 (vs US$0.30 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.012 (up from US$0.30 loss in 2Q 2023). Revenue: US$1.44b (up 41% from 2Q 2023). Net income: US$5.01m (up US$119.3m from 2Q 2023). Profit margin: 0.3% (up from net loss in 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Annuncio • Jul 19
Lyft, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Lyft, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Breakeven Date Change • May 12
Forecast breakeven date moved forward to 2025 The 38 analysts covering Lyft previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 70% to 2024. The company is expected to make a profit of US$1.54m in 2025. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.079 loss per share (vs US$0.50 loss in 1Q 2023) First quarter 2024 results: US$0.079 loss per share (improved from US$0.50 loss in 1Q 2023). Revenue: US$1.28b (up 28% from 1Q 2023). Net loss: US$31.5m (loss narrowed 83% from 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Breakeven Date Change • May 08
Forecast to breakeven in 2025 The 37 analysts covering Lyft expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$4.81m in 2025. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Annuncio • Apr 28
Lyft, Inc., Annual General Meeting, Jun 13, 2024 Lyft, Inc., Annual General Meeting, Jun 13, 2024, at 13:30 Pacific Standard Time. Annuncio • Apr 20
Lyft, Inc. to Report Q1, 2024 Results on May 07, 2024 Lyft, Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Annuncio • Mar 06
Wolf Popper LLP Announces the Filing of a Class Action Lawsuit Against Lyft, Inc Wolf Popper LLP filed a class action lawsuit in the U.S. District Court for the Northern District of California alleging violations of the federal securities laws by Lyft, Inc. (Lyft) and certain of its officers. The action is brought on behalf of all persons who purchased or otherwise acquired Lyft common stock on a U.S. open market between February 13, 2024 through February 13, 2024. The case is captioned Yuan Chen v. Lyft, Inc., No. 3:24-cv-01330 (N.D. Cal.). After the market closed on February 13, 2024, Lyft issued a reporting its fourth quarter 2023 operating results. The misrepresented that Lyft anticipated an adjusted EBITDA margin expansion of approximately 500 basis points year-over-year.” In fact, Lyft only anticipated a 50 basis point margin expansion. The misrepresentation with respect to margins caused Lyft’s common stock, which closed on February 13, 2024 at $12.13, to trade as high as $20.25 in the aftermarket. Lyft began its earnings call on February 13, 2024 and it wasn’t until more than 17 minutes into the call that Lyft’s Chief Financial Officer referenced a 50 basis point expansion in Lyft’s adjusted EBITDA margin. That disclosure had an immediate impact on Lyft’s stock price, which fell from $19.52 a share to $12.92. It took another seven minutes for the CFO to acknowledge that her reference to 50 basis points was “actually a correction from the press release. Breakeven Date Change • Feb 14
Forecast to breakeven in 2026 The 33 analysts covering Lyft expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 70% per year to 2025. The company is expected to make a profit of US$28.3m in 2026. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Annuncio • Jan 25
Lyft, Inc. to Report Q4, 2023 Results on Feb 13, 2024 Lyft, Inc. announced that they will report Q4, 2023 results After-Market on Feb 13, 2024 New Risk • Jan 17
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €322k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$21m net loss in 3 years). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Significant insider selling over the past 3 months (€322k sold). Breakeven Date Change • Jan 05
Forecast to breakeven in 2026 The 37 analysts covering Lyft expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$6.21m in 2026. Average annual earnings growth of 78% is required to achieve expected profit on schedule. New Risk • Nov 28
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €322k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.1% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$24m net loss in 3 years). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Significant insider selling over the past 3 months (€322k sold). Board Change • Nov 23
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Dave Stephenson was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Nov 17
Lyft, Inc. Announces Board Changes On November 16, 2023, the Board of Directors (the “Board”) of Lyft, Inc. (the “Company”) appointed Betsey Stevenson to serve as a member of the Board, effective immediately. She will serve as a Class III director with a term of office expiring at the Company’s 2025 Annual Meeting of Stockholders. Ms. Stevenson has also been appointed as a member of the Nominating and Corporate Governance Committee of the Board, effective November 16, 2023. Ms. Stevenson has served as a Professor of Economics and Public Policy at the University of Michigan Gerald R. Ford School of Public Policy since September 2019. From September 2012 to September 2019, she was an Associate Professor of Public Policy and Economics with tenure. From July 2013 to August 2015, Ms. Stevenson served as a Member on the Council of Economic Advisers for The White House. Prior to The White House, Ms. Stevenson served as the Chief Economist for the U.S. Department of Labor, and as an Assistant Professor at the University of Pennsylvania Wharton School. Ms. Stevenson is the co-author of several economics textbooks published by Macmillan Learning. She is a columnist for Bloomberg and a frequent speaker on the economy. Ms. Stevenson holds a B.A. in Economics and Mathematics from Wellesley College and an M.A. and Ph.D. in Economics from Harvard University. Ms. Stevenson was selected to serve on the Board because of her significant experience in economics and public policy. Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.031 loss per share (vs US$1.18 loss in 3Q 2022) Third quarter 2023 results: US$0.031 loss per share (improved from US$1.18 loss in 3Q 2022). Revenue: US$1.16b (up 9.8% from 3Q 2022). Net loss: US$12.1m (loss narrowed 97% from 3Q 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Annuncio • Nov 09
Lyft, Inc. Provides Earnings Guidance for the Fourth Quarter 2023 Lyft, Inc. provided earnings guidance for the fourth quarter 2023. For the quarter, the company expected revenue will grow mid-single-digits quarter-over-quarter, as a percentage of revenue. Annuncio • Oct 14
Lyft, Inc. Announces Executive Changes On October 12, 2023, Lyft, Inc. announced that each of Mary Agnes (Maggie) Wilderotter and Valerie Jarrett informed the Company of their respective resignations from the Company’s board of directors, effective immediately. Each of Ms. Wilderotter’s and Ms. Jarrett’s decision to resign from the Board was due to their other professional responsibilities, and neither Ms. Wilderotter nor Ms. Jarrett resigned from the Board due to any disagreement with the Company on any matter related to the Company’s operations, policies or practices. In connection with the departures, the Board appointed Prashant (Sean)Aggarwal as Chair of the Nominating and Corporate Governance Committee of the Board and appointed Janey Whiteside as a member of the Nominating Committee. The Board has also decreased the number of authorized directors from ten to eight. Annuncio • Oct 13
Lyft, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Lyft, Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Recent Insider Transactions • Aug 31
Independent Director recently bought €927k worth of stock On the 28th of August, Prashant Aggarwal bought around 97k shares on-market at roughly €9.57 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €1.0m. Insiders have collectively bought €1.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 17
CEO & Director recently bought €1.0m worth of stock On the 11th of August, John Risher bought around 100k shares on-market at roughly €10.46 per share. This transaction increased John's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.30 loss per share (vs US$1.08 loss in 2Q 2022) Second quarter 2023 results: US$0.30 loss per share (improved from US$1.08 loss in 2Q 2022). Revenue: US$1.02b (up 3.0% from 2Q 2022). Net loss: US$114.3m (loss narrowed 70% from 2Q 2022). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Annuncio • Aug 09
Lyft, Inc. Provides Earnings Guidance for the Third Quarter of 2023 Lyft, Inc. provided earnings guidance for the third quarter of 2023. For the quarter, the company expects revenue to be approximately $1.130 billion to $1.150 billion. Annuncio • Jul 29
Lyft, Inc. Appoints Janey Whiteside as Class II Director and Member of the Compensation Committee of the Board, Effective July 31, 2023 On July 24, 2023, the Board of Directors of Lyft, Inc. appointed Janey Whiteside to serve as a member of the Board, effective July 31, 2023 as a Class II director with a term of office expiring at the Company’s 2024 Annual Meeting of Stockholders. Ms. Whiteside has also been appointed as a member of the Compensation Committee of the Board, effective July 31, 2023. Since October 2022, Ms. Whiteside has served as a partner of the Consello Group, a financial services advisory and strategic investing platform, and the CEO of Consello’s Growth and Business Development division. Prior to joining Consello, Ms. Whiteside was Executive Vice President and Chief Customer Officer of Walmart Inc., a multinational retail corporation, from August 2018 to March 2022. From 1997 to July 2018, Ms. Whiteside served at American Express Company, a diversified financial services company, in business development, marketing and operating roles in various customer segments, including most recently as EVP & GM – Global Premium Products & Benefits and EVP & GM – Global Charge Products, Benefits & Services. Ms. Whiteside serves as a member of the Board of Directors of LendingClub Corporation. Ms. Whiteside holds an Economics and Management Studies degree (BSc Econ) from Cardiff University. Ms. Whiteside was selected to serve on the Board because of her significant operational experience as an executive leading consumer marketing and loyalty programs. Annuncio • Jul 14
Lyft, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Lyft, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 08, 2023 Recent Insider Transactions • May 25
Co-Founder & Chairman recently sold €157k worth of stock On the 22nd of May, Logan Green sold around 21k shares on-market at roughly €7.46 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Logan's only on-market trade for the last 12 months. Annuncio • May 17
Lyft, Inc. Announces Change of Chief Financial Officer On May 16, 2023, Lyft, Inc. announced the appointment of Erin Brewer as the Chief Financial Officer of the Company. Ms. Brewer is expected to start on July 10, 2023 (the Effective Date"). Elaine Paul, the Company's current CFO, will depart the Company effective May 19, 2023. Lisa Blackwood-Kapral, the Company's Chief Accounting Officer, will serve as interim CFO and principal financial officer during the period between Ms. Paul's departure and the Effective Date. Ms. Brewer, 52, served as Managing Director Enterprise Finance at Charles Schwab & Co., Inc., a financial services company, from May 2020 to October 2022. From September 2018 to April 2020, Ms. Brewer served as Head of Strategy and Finance at Atlassian Corporation, a software development company. Previously, Ms. Brewer served in a variety of roles for McKesson Corporation from August 2005 to July 2018, most recently as EVP and Chief Accounting Officer from 2016 to 2018 and before that in a variety of senior investor relations, financial planning and analysis, and finance roles. Ms. Brewer also served as a board member for McKesson Ventures from 2016 to 2018. Ms. Brewer holds a B.S. in Accounting from Purdue University and an M.B.A. from the Haas School of Business at the University of California, Berkeley. Ms. Paul will serve as an advisor to the Company through November 30, 2023 to assist in the transition of her duties. Ms. Paul's departure is not the result of any dispute or disagreement with the Company, its board of directors, or its management, or any matter relating to the Company's operations, policies or practices. Annuncio • May 16
SOC Investment Group Files a Notice of Exempt Solicitation On May 15, 2023, SOC Investment Group filed a notice of exempt solicitation and urged the shareholders to withhold votes as to the election of the Chairman Logan Green for failing to properly address public concern over rideshare driver safety at the Company’s annual meeting on June 15, 2023. Annuncio • May 06
Lyft, Inc. Provides Earnings Guidance for the Second Quarter of 2023 Lyft, Inc. provided earnings guidance for the second quarter of 2023. For the second quarter of 2023, the company expects revenue of approximately $1.0 billion and $1.02 billion. Reported Earnings • May 05
First quarter 2023 earnings released: US$502 loss per share (vs US$0.57 loss in 1Q 2022) First quarter 2023 results: US$502 loss per share. Revenue: US$1.00b (up 14% from 1Q 2022). Net loss: US$187.6m (loss narrowed 4.7% from 1Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Transportation industry in Europe. Buying Opportunity • Feb 11
Now 45% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €17.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 91% per annum over the same time period. Reported Earnings • Feb 10
Full year 2022 earnings released: US$4.47 loss per share (vs US$3.02 loss in FY 2021) Full year 2022 results: US$4.47 loss per share (further deteriorated from US$3.02 loss in FY 2021). Revenue: US$4.10b (up 28% from FY 2021). Net loss: US$1.58b (loss widened 57% from FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Annuncio • Feb 10
Lyft, Inc. Provides Revenue Guidance for the First Quarter of 2023 Lyft, Inc. provided revenue guidance for the first quarter of 2023. For the period, the company anticipated revenue of approximately $975 million. Annuncio • Feb 04
Lyft, Inc. Appoints David E. Stephenson as Member of the Board as A Class I Director On February 1, 2023, the board of directors of Lyft, Inc. appointed David E. Stephenson to serve as a member of the board as a Class I director, with a term of office expiring at the company’s 2023 Annual Meeting of Stockholders. Mr. Stephenson has also been appointed as a member of the audit committee of the board. Mr. Stephenson has served as the chief financial officer of Airbnb, Inc. since January 2019 and its Head of Global Employee Experience since August 2021. Prior to joining Airbnb, Mr. Stephenson spent 17 years at Amazon.com, Inc., where he was most recently Vice President and Chief Financial Officer of their Worldwide Consumer Organization from June 2015 to December 2018. Before that, from September 2013 to June 2015, Mr. Stephenson was the Chief Financial Officer of Amazon’s International Consumer business and led finance across many areas of the company. Mr. Stephenson served as President and Chief Financial Officer of Big Fish Games, Inc., a gaming company, from September 2011 to September 2013. Mr. Stephenson holds a B.S. in Industrial and Management Engineering from Montana State University and a M.B.A. from the University of Iowa. Annuncio • Jan 21
Lyft, Inc. to Report Q4, 2022 Results on Feb 09, 2023 Lyft, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 09, 2023 Reported Earnings • Nov 09
Third quarter 2022 earnings released: US$1.18 loss per share (vs US$0.21 loss in 3Q 2021) Third quarter 2022 results: US$1.18 loss per share (further deteriorated from US$0.21 loss in 3Q 2021). Revenue: US$1.05b (up 22% from 3Q 2021). Net loss: US$422.2m (loss widened 490% from 3Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Annuncio • Nov 08
Lyft, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022 Lyft, Inc. provided earnings guidance for the fourth quarter of 2022. For the quarter, the company expects revenue to be between $1.145 billion and $1.165 billion. Annuncio • Oct 18
Lyft, Inc. to Report Q3, 2022 Results on Nov 07, 2022 Lyft, Inc. announced that they will report Q3, 2022 results After-Market on Nov 07, 2022 Annuncio • Sep 19
Lyft, Inc.(NasdaqGS:LYFT) dropped from FTSE All-World Index (USD) Lyft, Inc.(NasdaqGS:LYFT) dropped from FTSE All-World Index (USD) Reported Earnings • Aug 05
Second quarter 2022 earnings released: US$1.08 loss per share (vs US$0.76 loss in 2Q 2021) Second quarter 2022 results: US$1.08 loss per share (down from US$0.76 loss in 2Q 2021). Revenue: US$990.7m (up 30% from 2Q 2021). Net loss: US$377.2m (loss widened 50% from 2Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 9.2% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Annuncio • Jul 20
Lyft, Inc. to Report Q2, 2022 Results on Aug 04, 2022 Lyft, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 04, 2022 Reported Earnings • May 04
First quarter 2022 earnings released: US$0.57 loss per share (vs US$1.31 loss in 1Q 2021) First quarter 2022 results: US$0.57 loss per share (up from US$1.31 loss in 1Q 2021). Revenue: US$875.6m (up 44% from 1Q 2021). Net loss: US$196.9m (loss narrowed 54% from 1Q 2021). Over the next year, revenue is forecast to grow 30%, compared to a 13% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annuncio • May 02
Lyft, Inc., Annual General Meeting, Jun 16, 2022 Lyft, Inc., Annual General Meeting, Jun 16, 2022, at 13:30 Pacific Standard Time. Agenda: To consider the election of three Class III directors to serve until the 2025 annual meeting of stockholders and until their successors are duly elected and qualified; the ratification of the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2022; the approval of, on an advisory basis, the compensation of named executive officers; to consider and vote upon a stockholder proposal, if properly presented and to consider such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof. Annuncio • Apr 14
Lyft, Inc. to Report Q1, 2022 Results on May 03, 2022 Lyft, Inc. announced that they will report Q1, 2022 results After-Market on May 03, 2022 Reported Earnings • Feb 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$3.02 loss per share (up from US$5.62 loss in FY 2020). Revenue: US$3.21b (up 36% from FY 2020). Net loss: US$1.01b (loss narrowed 42% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 36%, compared to a 19% growth forecast for the industry in Austria. Annuncio • Feb 09
Lyft, Inc. Provides Earnings Guidance for the First Quarter of 2022 Lyft, Inc. provided earnings guidance for the first quarter of 2022. For the period, the company expects revenue to be between $800 million to $850 million. Reported Earnings • Nov 03
Third quarter 2021 earnings released: US$0.21 loss per share (vs US$1.46 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$864.4m (up 73% from 3Q 2020). Net loss: US$71.5m (loss narrowed 84% from 3Q 2020). Reported Earnings • Aug 04
Second quarter 2021 earnings released: US$0.78 loss per share (vs US$1.41 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$765.0m (up 125% from 2Q 2020). Net loss: US$251.9m (loss narrowed 42% from 2Q 2020). Annuncio • Jul 20
Woven Planet Holdings, Inc. completed the acquisition of Self-Driving Car Division from Lyft, Inc. (NasdaqGS:LYFT) Woven Planet Holdings, Inc. agreed to acquire Self-Driving Car Division from Lyft, Inc. (NasdaqGS:LYFT) for approximately $550 million on April 26, 2021. Under the terms of agreement, Lyft will receive, in total, approximately $550 million in cash, with $200 million paid upfront subject to certain closing adjustments and $350 million of payments over a five-year period. Woven Planet will take more than 300 Level Five employees as part of the deal. Following the acquisition, Lyft's Level 5 and Woven Planet Holdings will also work with the Toyota Research Institute, the research arm of the automotive manufacturer. As of May 10, 2021 Woven Planet Holdings, Inc., a subsidiary of Toyota Motor Corporation, has agreed to acquire Level 5, the self-driving division of Lyft, Inc. The deal will bring together world-class scientists and software engineers from Level 5, Woven Planet, and researchers from Toyota Research Institute, Inc. In addition to the acquisition of Level 5, Woven Planet and Lyft have signed commercial agreements for utilization of the Lyft system and fleet data. This transaction will reduce the Company’s costs related to Level 5 and also provide a new way to monetize the data collected as a result of the Lyft platform. The transaction is subject to the receipt of required regulatory approvals and customary and other closing conditions. The transaction has been approved by Lyft and Woven Planet Board of Directors. The transaction is expected to close in the third quarter of 2021. Lyft expects to achieve Adjusted EBITDA profitability in Q3 of 2021. Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor to Lyft, Inc.
Woven Planet Holdings, Inc. completed the acquisition of Self-Driving Car Division from Lyft, Inc. (NasdaqGS:LYFT) on July 20, 2021. This marks the first acquisition for Woven Planet, a group that is focused on mobility innovations and investments in automated driving, robotics, smart cities, and more. The deal closure follows the Committee on Foreign Investment in the United States (CFIUS) review of the deal and determination that there are no unresolved national security concerns with respect to the transaction Reported Earnings • May 05
First quarter 2021 earnings released: US$1.31 loss per share (vs US$1.31 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$609.0m (down 36% from 1Q 2020). Net loss: US$427.3m (loss widened 7.4% from 1Q 2020). Annuncio • Apr 27
Woven Planet Holdings, Inc. agreed to acquire Self-Driving Car Division from Lyft, Inc. (NasdaqGS:LYFT) for approximately $550 million. Woven Planet Holdings, Inc. agreed to acquire Self-Driving Car Division from Lyft, Inc. (NasdaqGS:LYFT) for approximately $550 million on April 26, 2021. Under the terms of agreement, Lyft will receive, in total, approximately $550 million in cash, with $200 million paid upfront subject to certain closing adjustments and $350 million of payments over a five-year period. The transaction is subject to the receipt of required regulatory approvals and customary and other closing conditions. The transaction has been approved by Lyft and Woven Planet Board of Directors. The transaction is expected to close in the third quarter of 2021. Lyft expects to achieve Adjusted EBITDA profitability in Q3 of 2021. Reported Earnings • Mar 05
Full year 2020 earnings released: US$5.62 loss per share (vs US$11.44 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$2.36b (down 35% from FY 2019). Net loss: US$1.75b (loss narrowed 33% from FY 2019). Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 31%, compared to a 167% growth forecast for the Transportation industry in Austria. Is New 90 Day High Low • Feb 20
New 90-day high: €48.49 The company is up 49% from its price of €32.49 on 20 November 2020. The Austrian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €94.71 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: US$5.52 loss per share (vs US$11.44 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$2.36b (down 35% from FY 2019). Net loss: US$1.75b (loss narrowed 33% from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 32% compared to a 6.6% decline forecast for the Transportation industry in Austria.