Lyft Inc Stock Price, News & Analysis

Lyft (NASDAQ: LYFT) and Baidu (NASDAQ: BIDU) have announced a strategic partnership to deploy autonomous vehicles across Europe, starting with Germany and the United Kingdom in 2026. The collaboration will utilize Baidu's Apollo Go RT6 autonomous vehicles through Lyft's platform.

The partnership leverages Baidu's Apollo Go service, which currently operates over 1,000 AVs across 15 cities with 11 million completed rides. Lyft will manage operations and marketplace integration while Baidu provides vehicles and technical support. The deployment will build on Lyft's FREENOW acquisition, which operates in 180 cities across 9 European countries.

Implementation will begin in 2026, subject to regulatory approval, with plans to scale to thousands of vehicles across Europe in subsequent years.

Baidu (NASDAQ: BIDU) and Lyft have announced a strategic partnership to deploy Baidu's Apollo Go autonomous vehicles across European markets through Lyft's platform. The initial rollout will begin in Germany and the United Kingdom in 2026, pending regulatory approval, with plans to scale to thousands of vehicles across Europe.

The partnership will utilize Apollo Go's RT6 fully-electric vehicles, leveraging Baidu's extensive experience with over 11 million completed autonomous rides across 15 cities globally. Lyft will manage operations and marketplace activities, while Baidu provides vehicles and technical support. The collaboration builds on Lyft's FREENOW acquisition, which operates in 9 European countries and 180+ cities.

Lyft (NASDAQ:LYFT) has completed its acquisition of FREENOW, significantly expanding its global presence. The merger doubles Lyft's addressable market to over 300 billion personal vehicle trips annually, with operations now spanning 11 countries and nearly 1,000 cities.

The combined company will maintain FREENOW's strong European presence across 180 cities in nine countries, while leveraging Lyft's technology platform. To celebrate the merger, both companies are offering up to 50% off first rides for cross-Atlantic travelers through 2025. FREENOW CEO Thomas Zimmermann will report to Lyft's EVP of Driver Experience, Jeremy Bird, while maintaining local management structures in European markets.

Lyft (NASDAQ:LYFT) has scheduled its Q2 2025 earnings release for Wednesday, August 6, 2025, after market close. The company will host a conference call at 2:00 PM PT (5:00 PM ET) to discuss financial results and business highlights.

Investors can access the live audio webcast through Lyft's Investor Relations website at investor.lyft.com. An archived version will be available shortly after the call. The company also outlined its various communication channels for material information distribution, including SEC filings, press releases, social media platforms, and corporate blogs, ensuring compliance with Regulation FD.

DoubleVerify (NYSE: DV) has announced a strategic partnership with Lyft (NASDAQ: LYFT) to provide media verification capabilities across Lyft's advertising platform. Through the Open Measurement SDK integration, DV will offer brands comprehensive post-bid measurement capabilities including viewability authentication, fraud verification, geographic alignment, and attention measurement for Lyft's in-app ad inventory in North America. Advertisers will be able to access measurement data through DV Pinnacle®, DoubleVerify's analytics platform, to monitor their Lyft ad campaigns. The partnership aims to enhance transparency and trust for marketers investing in in-app advertising environments, with the integration expected to launch in the coming weeks.

Integral Ad Science (IAS) has announced a groundbreaking partnership with Lyft Media as their first media quality measurement partner. The collaboration enables advertisers to validate their Lyft Media ad investments using IAS's Viewability, Invalid Traffic (IVT), and Brand Safety Measurement tools. IAS will provide comprehensive reporting through its Signal platform, offering transparency and trusted third-party measurement for Lyft's Mobile In-App Video and Poster Ads. The partnership ensures advertisers can verify their content reaches real users in brand-safe environments. Lyft Media, which launched in-app ads in August 2023, leverages first-party data to target audiences based on trip intent and connects ad exposures to outcomes like store visits and in-app purchases.

Lyft (NASDAQ: LYFT) announced that CFO Erin Brewer will participate in a fireside chat at the BofA Securities 2025 Global Technology Conference. The event is scheduled for Tuesday, June 3, 2025, at 4:00 p.m. Pacific Time in San Francisco, CA. Investors can access a live webcast of the discussion through Lyft's investor relations website at investor.Lyft.com.

Engine Capital LP has announced the withdrawal of its Board of Directors nomination at Lyft (NASDAQ: LYFT) following productive engagement with the company. The decision comes after Lyft's Board committed to implementing significant share repurchases in upcoming quarters, marking an important step towards enhancing shareholder value. Engine Capital's founder, Arnaud Ajdler, expressed satisfaction with the Board's willingness to engage in value-enhancement discussions and indicated the firm's intention to continue dialogue regarding additional beneficial actions for shareholders.

Lyft reported exceptional Q1 2025 financial results, marking its 16th consecutive quarter of double-digit Gross Bookings growth. The company achieved record Q1 Gross Bookings of $4.2 billion (up 13% YoY) and revenue of $1.5 billion (up 14% YoY). Lyft turned profitable with a net income of $2.6 million, compared to a $31.5 million loss in Q1'24.

Operational highlights include record Q1 rides of 218.4 million (up 16% YoY) and Active Riders growing to 24.2 million (up 11% YoY). The company launched Earnings Assistant, an AI-powered tool for drivers, and Lyft Silver, targeting older adults. The board authorized an increased share repurchase program of $750 million, with $500 million planned for use within 12 months.

For Q2 2025, Lyft expects Gross Bookings of $4.41-4.57 billion and Adjusted EBITDA of $115-130 million.