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Lyft Inc   (NASDAQ: LYFT)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $13.2500 $-1.14 -7.922%
Day's High: $14.19 Week Perf: -5.83 %
Day's Low: $ 12.06 30 Day Perf: 2 %
Volume (M): 87,916 52 Wk High: $ 20.82
Volume (M$): $ 1,164,888 52 Wk Avg: $14.60
Open: $12.27 52 Wk Low: $8.93



 Market Capitalization (Millions $) 5,462
 Shares Outstanding (Millions) 412
 Employees 4,000
 Revenues (TTM) (Millions $) 5,460
 Net Income (TTM) (Millions $) -65
 Cash Flow (TTM) (Millions $) 191
 Capital Exp. (TTM) (Millions $) 0

Lyft Inc
Lyft Inc. is one of the leading ride-sharing companies in the United States. It was founded in 2012 by Logan Green and John Zimmer as a peer-to-peer transportation network in San Francisco, California. Since then, the company has expanded rapidly and now operates in more than 600 markets across the United States and Canada.

Lyft provides an app-based service that allows users to request rides from nearby drivers. The app is available for both iOS and Android devices, and users can set their pickup and drop-off locations, view the price of the ride, and track the driver's location in real-time. The company offers a range of ride types, which include regular Lyft rides, shared rides, luxury rides, and scooters.

One of the key aspects of the Lyft business model is its emphasis on community and social responsibility. The company has a number of programs in place to support drivers, reduce congestion, and promote sustainable transportation. For example, the Lyft Driver Advisory Council provides a platform for drivers to share feedback and ideas with the company, while the Lyft Community Pass program provides discounted rides to low-income residents in certain areas.

Lyft Inc. went public in March 2019, with an initial public offering that valued the company at around $24 billion. Since then, the company has continued to grow its user base and expand its services. It has also faced a number of challenges, most notably the COVID-19 pandemic, which led to a significant drop in demand for ride-sharing services.

Overall, Lyft Inc. is a dynamic and innovative company that has had a major impact on the transportation industry. Its commitment to community and sustainability sets it apart from other ride-sharing companies, and its continued growth suggests that its influence will only continue to grow in the years ahead.


   Company Address: 185 Berry Street San Francisco 94107 CA
   Company Phone Number: 250-2773   Stock Exchange / Ticker: NASDAQ LYFT


   

Stock Performances by Major Competitors

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MCOM   -3.37%    
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Business Update

Lyft Drives Future Mobility with Key Autonomous Vehicle Partnerships,

Published Wed, Nov 6 2024 4:36 PM UTC

Lyft Strengthens Its Autonomous Future with New Partnerships San Francisco-based Lyft, Inc. (Nasdaq: LYFT), renowned as one of North America s largest transportation networks, has announced an ambitious new phase in its journey towards integrating autonomous vehicles (AVs) into its platform. The company, committed to enhancing its ride-hailing service with cutting-edge techn...

Lyft Inc

Despite Revenue Boost, Lyft Inc. Falls Short of Profitability in First Quarter Earnings

Lyft Inc. has been making strategic moves to bolster its financial position amidst a period of growing current liabilities, as evidenced by its recent disclosure of the pricing of $400 million in Convertible Senior Notes due 2029. This private offering, exclusively available to qualified institutional buyers under Rule 144A of the Securities Act of 1933, aims to raise essential capital for Lyft's future endeavors and operational growth.
The company's proactive measures come as no surprise, considering its strong start to 2024. Lyft CEO David Risher credits the company's customer obsession and innovative approach for driving profitable growth. The surge in revenue by 27.65% to $1.28 billion in the first quarter of 2024 positions Lyft ahead of its sector contemporaries. Despite a net deficit of $31.535 million during this period, Lyft's commitment to operational excellence and customer satisfaction remains unwavering.

Financing Agreement

Lyft Announces Pricing of Offering, Bolstering Financial Position Amid Increasing Current Liabilities

Published Fri, Feb 23 2024 6:08 AM UTC


Introduction
In a bid to enhance its financial position during a period of growing current liabilities, Lyft Inc. (NASDAQ: LYFT) recently disclosed the pricing of $400 million aggregate principal amount of Convertible Senior Notes due 2029. This strategic move, alongside an analysis of the company s Quick Ratio, sheds light on Lyft s proactive measures to address it...

Financing Agreement

Lyft Announces Private Offering of $400 Million of Convertible Senior Notes to Drive Strategic Growth Initiatives

Published Wed, Feb 21 2024 10:03 PM UTC

Lyft s Plan to Offer $400 Million in Convertible Senior Notes Signals Strategic Growth Move
In a recent press release, Lyft, Inc. (NASDAQ: LYFT) announced its intention to offer $400 million in Convertible Senior Notes due 2029 in a private offering to qualified institutional buyers. This move comes in the wake of increased current liabilities in the fourth quarter of 20...

Lyft Inc

Lyft Inc's Impressive Revenue Growth Signals Positive Future Outlook2.

Lyft Inc Shows Promising Signs for the Future with Impressive Stock Performance
Lyft Inc, the world-renowned ride-sharing company, has recently released its financial results for the fiscal interval closing December 31, 2023. Despite reporting a net deficit per share of $-0.06, which is an improvement compared to $-1.53 a year ago, Lyft has showcased positive growth with a revenue increase of 4.221% to $1.22 billion from the corresponding quarter in the previous year.
Although the company's business growth fell short of the 10.39% reported by most players in the Professional Services industry during the fourth quarter of 2022, Lyft Inc continues to demonstrate resilience and adaptability in a highly competitive market.







Lyft Inc's Segments

  Lyft Inc Outlook

On November 7 2024 the Lyft Inc provided following guidance

nnLyft Inc. Projects Positive Financial Outlook Following Robust Q3 2024 Resultsnn

On November 7, 2024, Lyft Inc. (Nasdaq: LYFT) shared its financial performance for the third quarter that concluded on September 30, 2024, showcasing remarkable results that have prompted the company to revise its full-year projections upwards.

In a statement addressing the impressive quarterly results, CEO David Risher highlighted the significant progress the company has made, noting, Our team has achieved one of the most successful quarters in the history of Lyft, thanks in part to the innovative solutions we have introduced for both drivers and riders this year. He expressed confidence that their collabo...





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