Lyft (LYFT) Confirms it is Cutting 13% of Staff - Maintains Guidance

Lyft (LYFT) Shares Tumble After-Hours Following Q3 Revenue Miss

November 7, 2022 4:20 PM EST

Lyft (NASDAQ: LYFT) shares have tumbled in after-hours trading after the company released its third-quarter results, missing revenue consensus expectations.

The ride-hailing company posted a third-quarter adjusted net income of $36.7 million, while revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.06... More

Lyft (LYFT) Set For 'Big Print and Guide Ahead' - Wedbush

November 4, 2022 2:10 PM EDT

Ahead of Lyft's (NASDAQ: LYFT) earnings report, Wedbush analyst Daniel Ives said in a note that a big print and guide is ahead.

On Monday, November 7, after the close, Lyft will report its FY3Q22 results.

Ives, who has an Outperform rating and a $25 price target on Lyft, said they expect generally solid results, which "should beat the Street on... More

Lyft (LYFT) confirms termination of 13% of work force, maintains guidance

November 3, 2022 12:10 PM EDT

(Updated - November 3, 2022 12:12 PM EDT)

Lyft (NASDAQ: LYFT) disclosed:

On November 3, 2022, Lyft, Inc. (the Company) confirmed there have been no changes to its previously issued guidance regarding: its third quarter 2022 revenues, Contribution Margin and Adjusted EBITDA, and its 2024 financial targets for $1 billion in Adjusted EBITDA with more than $700 million in free cash flow. These targets were issued during the Companys second quarter 2022 earnings conference call on August 4, 2022. The... More

Lyft (LYFT) to Lay off 13% of Staff in Second Round of Layoffs -DJ

November 3, 2022 11:42 AM EDT

Lyft (NASDAQ: LYFT) to Lay off 13% of Staff in Second Round of Layoffs -DJ

Cut Hundreds of Job Cuts as Soon as Thursday... More

Alaska Air Group (ALK) and Lyft (LYFT) Partner for Mileage Earnings

November 2, 2022 9:02 AM EDT

Your travels this holiday season just got more rewarding. Alaska Airlines (NYSE: ALK) has hitched a new partnership with Lyft (NASDAQ: LYFT) one of the largest transportation networks in the U.S. and Canada and we're eager for our guests to come along for the ride.

Starting today, our Mileage Plan members can earn miles for their everyday Lyft rides such as trips to and from the airport, heading out to a concert or across town for a holiday party. The sky's the limit. All... More

Lyft (LYFT) announces expansion of partnership with Hertz (HTZ)

November 1, 2022 9:09 AM EDT

Lyft (NASDAQ: LYFT) announced an updated agreement with Hertz Global (NASDAQ: HTZ):

Today, we're announcing an exciting expansion of our partnership with Hertz as riders can now rent a Hertz vehicle at 1,300 locations nationwide directly through the Lyft app. So, if you need a car for a holiday vacation to the mountains or need to accommodate more relatives as you embark on a multigenerational road trip, renting a car is now easier... More