About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Ride-hailing giant Lyft said it has agreed to acquire FREENOW, a German multi-mobility app with ride-hail at its core, from BMW and Mercedes-Benz Mobility for about $197 million in cash. The acquisition opens up the European market to Lyft for the first time. The company has only operated in the U.S. and Canada since it launched in 2012, compared to its biggest rival Uber, which operates globally.  FREENOW operates in nine countries and more than 150 cities across Austria, France, Germany, Greece, Ireland, ...

LYFT Inc (NYSE:LYFT) stock was last seen 1.7% higher premarket, after announcing its first European acquisition -- a $199 million deal to purchase Hamburg-based ride-hailing platform FreeNow from BMW and Mercedes-Benz. The deal, expected to close in the second half of 2025, will expand Lyft’s reach to over 150 cities across nine countries, including Germany, France, and the U.K.Despite the upbeat news, LYFT is down 15.6% year-to-date and 39.4% over the last 12 months. It recently breached $10 on April 7 for ...

Lyft logo is seen in this illustration taken June 27, 2022.U.S. ride-hailing firm Lyft on Wednesday announced that it's buying European taxi app Free Now in a 175 million euro ($199 million) deal.The company said that the acquisition — Lyft's first in Europe — is expected to close in the second half of 2025, and that, once combined, the two companies will serve over 50 million combined annual users.Founded in 2009 as myTaxi, Free Now is a ride-hailing platform headquartered in Hamburg, Germany. The company ...

BofA Securities analyst Michael McGovern downgraded  Lyft, Inc’s LYFT rating to Underperform from Buy and cut the price forecast to $10.50 from $17.50 on Thursday.The stock is trading lower on Thursday. The rerating reflects the substantial autonomous vehicle risk, especially Waymo’s rapid expansion in San Francisco and Los Angeles, and the lack of scalable autonomous vehicle partnerships that are launching in the near-term for Lyft.Also Read: Uber and Lyft Adapt Robotaxi Strategy to Compete in Tesla and Wa ...

Core Viewpoint - The ride-sharing industry in the U.S. is primarily dominated by two companies, Uber and Lyft, each with distinct business models and financial performances [1][2]. Business Model: Uber vs. Lyft - Uber operates globally in over 70 countries and has scaled back its ambitions to focus on markets where it ranks No. 1 or No. 2, enhancing profitability [3][4]. - Lyft operates only in the U.S. and Canada, citing reasons such as cash constraints and regulatory challenges for not expanding internationally [5]. - Uber has a food delivery segment, Uber Eats, while Lyft has chosen not to enter this market, focusing instead on its core mission of ride-sharing [6]. - Both companies are involved in micro-mobility and have partnerships in autonomous vehicle technology, with Uber collaborating with Waymo and Lyft with Mobileye, May Mobility, and Nexar [7]. Financials: Uber vs. Lyft - In 2024, Uber reported revenue of $44 billion, an 18% increase from the previous year, with gross bookings also rising by 18% to $162.7 billion [9]. - Uber's free cash flow surged 105% to $6.9 billion, and adjusted EBITDA reached $6.5 billion [10]. - Lyft's revenue increased by 31% to $5.79 billion, with bookings growing 17% to $16.1 billion, driven by initiatives like price lock and advertising [10]. - Lyft's adjusted EBITDA was $382.4 million, up 72% year-over-year, and free cash flow was $766.3 million, a significant improvement from a loss in the previous year [11]. Valuation: Uber vs. Lyft - Uber's valuation shows a free cash flow multiple of 22 and an EV/EBITDA of 29, indicating strong growth potential for an industry leader [13]. - Lyft trades at less than 7 times trailing free cash flow and an EV/EBITDA of 20, but its net income and GAAP operating loss suggest it may not be as attractive as it appears [14]. Investment Considerations - Both companies have appealing attributes, with Lyft innovating through features like Women+ and price lock, which are positively impacting its performance [15]. - Uber has streamlined its operations, achieving profitability and consistent growth through new offerings like Uber One [16]. - Overall, Uber is viewed as the better investment due to its balance of growth, profitability, and reasonable valuation, while Lyft presents a potential opportunity for risk-tolerant investors due to its strong revenue growth and product innovations [17].

Group 1 - Lyft's stock closed at $12.27, down 1.76% from the previous day, underperforming compared to the S&P 500's loss of 1.12% and the Nasdaq's decline of 2.04% [1] - Over the past month, Lyft's stock has decreased by 1.96%, contributing to a 4.05% loss in the Computer and Technology sector and a 2.91% loss in the S&P 500 [1] Group 2 - Lyft is expected to report earnings of $0.20 per share, reflecting a year-over-year growth of 33.33%, with revenue projected at $1.47 billion, indicating a 15.16% increase compared to the same quarter last year [2] - For the entire year, earnings are forecasted at $1.07 per share and revenue at $6.6 billion, representing increases of 12.63% and 13.99% respectively compared to the previous year [3] Group 3 - Recent shifts in analyst projections for Lyft should be monitored, as they reflect short-term business trends and can indicate analysts' outlook on the company's health and profitability [4] - Changes in earnings estimates are correlated with near-term stock prices, and the Zacks Rank system, which evaluates these changes, provides an operational rating system [5] Group 4 - Lyft currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 11.64, indicating a discount compared to its industry's Forward P/E of 21.5 [6] - The company has a PEG ratio of 0.37, significantly lower than the Internet - Services industry's average PEG ratio of 1.35 [7] Group 5 - The Zacks Industry Rank places the Internet - Services industry in the bottom 44% of all industries, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]

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Group 1 - Uber has expanded its ambitions globally, entering various overseas markets and pursuing projects like on-demand freight and autonomous driving [1] - Lyft has been mentioned in the context of competition with Uber, indicating a focus on the ride-sharing market [1] Group 2 - Gary Alexander has extensive experience in technology companies and has been a contributor to Seeking Alpha since 2017, providing insights into industry trends [1]

Lyft plans to start adding autonomous vehicles (AVs) to its ridesharing platform as soon as this summer.“We recently signed agreements with partners like May Mobility, Mobileye and Marubeni to start rolling out AVs on our platform as soon as this summer,” Jeremy Bird, executive vice president of driver experience at Lyft, wrote in a Thursday (March 20) blog post. “And over time, AVs will account for a larger share of cars, and a larger percentage of rides.”Bird wrote this in a blog post addressing how the d ...