Reported Earnings • May 08
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 9.1% p.a. on average during the next 3 years, compared to a 1.6% 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 15% 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. Reported Earnings • Feb 11
Full year 2025 earnings released: EPS: US$6.92 (vs US$0.056 in FY 2024) Full year 2025 results: EPS: US$6.92 (up from US$0.056 in FY 2024). Revenue: US$6.32b (up 9.2% from FY 2024). Net income: US$2.84b (up US$2.82b from FY 2024). Profit margin: 45% (up from 0.4% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 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 Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €16.02, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 10x in the Transportation industry in Europe. Total returns to shareholders of 53% over the past three years. 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 €21.19, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 10x in the Transportation industry in Europe. Total returns to shareholders of 71% 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 New Risk • Sep 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. 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 €13.54, 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. 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. New Risk • May 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. 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. 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. 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 29% per year, which means it is significantly lagging earnings. 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 07
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. 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. Breakeven Date Change • Jul 29
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$27.4m in 2025. Average annual earnings growth of 66% is required to achieve expected profit on schedule. New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (6.7% increase in shares outstanding). 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 26% per year, which means it is significantly lagging earnings. Breakeven Date Change • May 08
Forecast breakeven date moved forward to 2025 The 37 analysts covering Lyft previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 60% to 2024. The company is expected to 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. New Risk • Feb 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (8.0% increase in shares outstanding). Significant insider selling over the past 3 months (€322k sold). Reported Earnings • Feb 14
Full year 2023 earnings released: US$0.88 loss per share (vs US$4.47 loss in FY 2022) Full year 2023 results: US$0.88 loss per share (improved from US$4.47 loss in FY 2022). Revenue: US$4.40b (up 7.5% from FY 2022). Net loss: US$340.3m (loss narrowed 79% from FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. 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 56% 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: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$21m net loss in 3 years). Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Significant insider selling over the past 3 months (€322k sold). 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: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$24m net loss in 3 years). Share price has been volatile over the past 3 months (7.0% average weekly change). 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 09
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.