Key TakeawaysLyft shares soared in extended trading Wednesday after the company reported better-than-expected quarterly results.The ride-hailing company also boosted its outlook for the full fiscal year. The results come as Lyft inks new deals with autonomous vehicle companies to bring "robotaxis" to its platform. Lyft (LYFT) shares soared over 20% in extended trading Wednesday after the company reported better-than-expected quarterly results and raised its outlook. The ride-hailing company’s third-quarter ...

Key TakeawaysLyft announced a trio of new partnerships with autonomous vehicle companies Wednesday.The deals with Mobileye, May Mobility, and Nexar follow similar deals from Uber with Waymo and Cruise, and Tesla's recent "robotaxi" unveiling.The ridesharing company also reported its latest financial results after the closing bell. Lyft (LYFT) has joined rideshare rival Uber (UBER) in signing a number of partnerships with autonomous driving software makers to bring "robotaxis" to its platform. Lyft on Wedne ...

November 6, 2024 Q3 Fiscal 2024 Earnings Supplemental Data lyA Forward Looking Statements & Non-GAAP Financial Measures This presentation and the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Lyft's future financial or operating performance. In some cases, you can identify forward l ...

Exhibit 99.1 Lyft Announces Strong Q3 2024 Financial Results and Raises Full-Year Outlook Active Riders and Rides reached new all-time highs Gross Bookings grew 16% year-over-year SAN FRANCISCO, CA, November 6, 2024 - Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the third quarter ended September 30, 2024. "Our team delivered one of the strongest quarters in Lyft history, following the many new innovations we've brought to drivers and riders so far this year," said CEO David Risher. "Going ...

NEW YORK, Nov. 6, 2024 /PRNewswire/ -- Nexar, a leader in AI-powered mobility solutions, and Lyft (NASDAQ: LYFT), one of North America's largest transportation networks, today announced plans to partner, leveraging Nexar's vast cutting-edge video telematics to create data-driven solutions that accelerate the deployment of AV technologies."Nexar's collaboration with Lyft is a pivotal moment in our journey to accelerate the future of autonomous driving," said Eran Shir, Chief Product Officer and Co-Founder of ...

It seems Lyft is hoping to catch up to Uber’s string of autonomous vehicle partnerships. Lyft announced Wednesday three separate partnerships — with startup May Mobility, automated driving company Mobileye and smart dashcam firm Nexar — all aimed at establishing a foothold in the emerging autonomous vehicle market. In the announcement, the ride-hailing company said it signed a deal with May Mobility to launch autonomous vehicles on the Lyft app starting in Atlanta in 2025. Lyft also announced a partnershi ...

Lyft (LYFT) is scheduled to report third-quarter 2024 results on Nov. 6, after market close.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company has an impressive earnings surprise history, having surpassed Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 78.8%.The Zacks Consensus Estimate for LYFT’s soon-to-be reported quarter’s earnings is currently pegged at 20 cents per share, having been revised 11.1% upward in the past 60 days. The Za ...

Lyft Inc (NASDAQ:LYFT) is gearing up for its latest earnings report, due out after the close on Wednesday, Nov. 6. Rideshare peer Uber (UBER) had a rough day after its report last week, following a decline in gross bookings, so we'll see if LYFT fares better. The stock's post-earnings history doesn't do much to alleviate concern, however, as it's only finished higher after two of its last eight reports. LYFT posted a 16.9% drop after earnings last quarter, though it made a swift recovery on the charts. This ...

Investors might want to bet on Lyft (LYFT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this ride-hailing company, should get reflected in its stock price. After all, empirical research shows a strong correlation between t ...

The US Department of Justice filed a lawsuit against Lyft on Friday. The FTC said Lyft made "deceptive" claims about how much money drivers could earn per hour. Lyft agreed to a proposed settlement that included a $2.1 million civil penalty. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personali ...