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Gig Economy Stocks Q3 Teardown: Lyft (NASDAQ:LYFT) Vs The Rest
Yahoo Finance· 2025-11-07 03:34
Core Insights - The gig economy stocks reported mixed results for Q3, with revenues collectively beating analysts' estimates by 1% but guidance for the next quarter falling short by 0.6% [3] - Overall, the share prices of gig economy stocks have declined by an average of 4.9% since the latest earnings results [3] Lyft (NASDAQ:LYFT) - Lyft reported revenues of $1.69 billion for Q3, reflecting a year-on-year increase of 10.7%, but this fell short of analysts' expectations by 1.2% [4] - The company experienced a slower quarter, missing both revenue and EBITDA estimates [4] - Despite the earnings miss, Lyft's stock increased by 6.2% post-reporting, currently trading at $21.35 [5] Upwork (NASDAQ:UPWK) - Upwork reported revenues of $201.7 million, up 4.1% year-on-year, and outperformed analysts' expectations by 4.3% [6] - The company had a strong quarter, exceeding analysts' EBITDA estimates and providing full-year EBITDA guidance that also surpassed expectations [6] - However, Upwork reported a decline in active customers, down 7.1% year-on-year, with the stock rising by 5.8% since reporting, currently trading at $16.52 [7]