Lyft Stock News

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GM owns a majority of Cruise, a market leader in autonomous driving.

Uber and Lyft showed sharp differences between their two business models in the fourth-quarter earnings reports, a sign that the two companies may be less similar than they seem.

Growth could accelerate in 2022, according to management's latest outlook.

Growth could accelerate in 2022, according to management''s latest outlook.

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Uber and Lyft have weathered the COVID-19 pandemic and its variations in different ways, and analysts remain bullish on both companies.

Walt Disney Co (NYSE: DIS ) shares were rallying Thursday after the company reported a big first-quarter earnings beat. Disney reported fiscal first-quarter adjusted EPS of $1.06 on $21.82 billion in revenue. Both numbers exceeded consensus analyst estimates of 63 cents and $20.91 billion, respectively. Revenue was up 34% from a year ago. Disney reported 129.8 million Disney+ subscribers, beating analyst estimates of 125.7 million. Disney added nearly 12 million Disney+ subscribers in the quarter. Disney+ average revenue per user in the U.S. and Canada was $6.68, up from $5.80 a year ago. Disney reiterated its previous guidance for between 230 million and 260 million Disney+ subscribers by 2024. Related Link: Lyft Stock Bounces After Q4 Earnings: 5 Top Analysts React To Revenue Beat, Rider Miss Theme Park Recovery: Bank … Full story available on Benzinga.com

LYFT's Q4 results benefit from higher revenues owing to rise in Active Riders and Revenue per Active Rider.

Thursday''s top analyst upgrades and downgrades included Advanced Micro Devices, Amgen, Chipotle Mexican Grill, DuPont, Lyft, MGM Resorts, Newmont, Omnicom, Progressive, TPG and Winnebago.

As gig work becomes a larger part of the economy, two U.S. senators and some of the nation's largest unions are pushing for corporations to disclose more about their workers who are not full-time empl

Omicron has hit both Uber and Lyft hard, but one is better protected.

Nasdaq Composite leads gains on Wall Street Wednesday, booking a 2.1% advance, as Treasury yields ease up and investors look ahead to Thursday's inflation data.

Uber Jumps On Blowout Earnings Despite Disappointing Guidance One day after pure-play ridesharing platform Lyft posted earnings that were mixed, if seen as disappointing and sending the stock lower on Wednesday before it staged a remarkably rebound and closing +6.8%, moments ago Uber reported earnings for the fourth quarter of fiscal 2021 and which while solid on a historical basis, were soft when it comes to guidance. First, a look at the company''s Q4 2021 earnings: Revenue $5.78 billion, +83% y/y , beating the estimate of $5.35 billion Gross bookings, which encompass ride-hailing, food-delivery and freight, rose 51% Y/Y to $25.87 billion, beating the estimate $25.67 billion Delivery bookings $13.44 billion, +34% y/y, missing the estimate $13.62 billion Mobility bookings $11.34 billion, +67% y/y, beating the estimate $11.25 billion Freight bookings $1.08 billion vs. $313 million y/y, beating the estimate $685.6 million 4Q EPS 44c vs a Loss of 54c a year ago 4Q Net Income $892m vs a Loss of $968m a year ago; of note: net income includes $1.4BN net benefit (pre-tax) relating to Ubers equity investments, primarily due to unrealized gains related to the revaluation of Ubers Grab and Aurora equity investments, partially offset by unrealized loss related to the revaluation of Ubers Didi equity investment Adjusted Ebitda $86 million vs. loss $454 million y/y, beating the estimate $63.6 million Result by segment showed that while mobility and delivery both posted solid results, it was freight whose $1.08 billion in booking blew away expectations of $686 million.