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Lyft Inc - LYFT STOCK NEWS

Welcome to our dedicated page for Lyft news (Ticker: LYFT), a resource for investors and traders seeking the latest updates and insights on Lyft stock.

Lyft Inc (LYFT) operates a leading transportation network across North America, connecting riders with drivers through its innovative mobile platform. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.

Investors and industry observers will find timely access to Lyft's press releases, earnings reports, and partnership announcements. Our curated collection ensures you stay informed about key initiatives in ride-sharing innovation, driver financial tools like Lyft Direct, and advancements in multimodal transportation solutions.

Regular updates cover essential developments including service expansions, technology partnerships, and corporate governance changes. All content is sourced from Lyft's communications to maintain accuracy and compliance with financial disclosure standards.

Bookmark this page for streamlined access to Lyft's evolving business narrative. Check back frequently to monitor operational milestones shaping the future of urban mobility.

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Lyft (Nasdaq: LYFT) has announced it will release its second quarter 2024 financial results before the market opens on Wednesday, August 7, 2024. The company will host a conference call at 5:15 a.m. Pacific Time (8:15 a.m. Eastern Time) on the same day to discuss the results and business highlights.

Investors and interested parties can access the live audio webcast of the call on Lyft's Investor Relations page. An archived version of the webcast will be available shortly after the call concludes. Lyft uses various channels to disclose material information, including SEC filings, press releases, public conference calls, webcasts, its investor relations website, X accounts, and company blogs.

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Lyft held its first Investor Day to announce its financial targets for 2027. The company expects a 15% compound annual growth rate in Gross Bookings from 2024 to 2027, a 4% Adjusted EBITDA margin by 2027, and over 90% free cash flow conversion annually from 2025 to 2027. Presentations were made by CEO David Risher and CFO Erin Brewer, emphasizing Lyft's focus on customer satisfaction and innovation. The company reaffirmed its 2024 financial outlook, without changes to its Q2 2024 guidance or full-year 2024 directional commentary.

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ezCater, a leading food for work technology company in the US, has appointed Kaushik Subramanian as Chief Revenue Officer, effective June 3, 2024. Subramanian brings over 20 years of experience from high-growth companies like Lyft, Amazon, and Visa. As CRO, he will oversee sales and partnerships, aiming to expand ezCater's platform and increase the growth of its food solutions among workplaces.

Subramanian's role comes at a time when demand for workplace food is rising, with 53% of surveyed business orderers planning to increase their food spending in 2024. This year, ezCater has added notable restaurants and companies as partners and customers. Subramanian previously held senior leadership roles at Lyft, Amazon, and Visa, managing strategic partnerships and launching new products. His extensive experience is expected to drive ezCater's growth and solidify its position as a top choice for workplace food solutions.

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Lyft, Inc. (Nasdaq: LYFT) reported Q1 financial results for 2024, showing strong growth in rides and gross bookings. The company expects higher cash generation for the full year. The CEO and CFO expressed confidence in the company's performance and outlook, highlighting positive financial metrics such as revenue and adjusted EBITDA growth. Operational highlights include increased rides, active riders, and driver earnings commitment. Lyft plans to host its first Investor Day in June 2024.

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Lyft, Inc. (Nasdaq: LYFT) will release its first quarter 2024 financial results on May 7, 2024. The company will host a conference call to discuss the results and business highlights.
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Lyft, Inc. announced the pricing of $400 million aggregate principal amount of Convertible Senior Notes due 2029 in a private offering to qualified institutional buyers. The offering includes an option for additional notes, with expected net proceeds of approximately $389.6 million. The notes will bear interest at 0.625% per year, mature on March 1, 2029, and be convertible at an initial conversion rate of 47.4366 shares of Class A common stock per $1,000 principal amount.
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Lyft, Inc. announced a private offering of $400 million Convertible Senior Notes due 2029 to qualified institutional buyers. The notes will be senior, unsecured obligations with interest payable semi-annually. Lyft intends to use the proceeds for various purposes including repurchasing existing notes, capped call transactions, and stock repurchases.
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Lyft CFO Erin Brewer to Speak at Morgan Stanley Conference on March 5, 2024
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Lyft Inc. (LYFT) reported record Gross Bookings and riders in 2023, with a focus on customer satisfaction and operational excellence. Financially, the company achieved positive Adjusted EBITDA and revenue growth, signaling a strong foundation for future profitability. Key operational highlights include on-time pickup promises and Women+ Connect feature. The company anticipates positive Free Cash Flow in 2024. Lyft will host its first Investor Day in June 2024.
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Lyft (LYFT) announces record-breaking full-year gross bookings and riders, plans first Investor Day in June 2024. Financially, the company saw growth in gross bookings and revenue, with a net loss decrease. Operational highlights include increased rides and active riders, on-time pickup promise, and successful Women+ Connect feature. Q1'24 outlook and FY'24 directional commentary show positive growth expectations.
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Lyft Inc

Nasdaq:LYFT

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4.66B
392.79M
3.98%
87.33%
10.35%
Software - Application
Services-business Services, Nec
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United States
SAN FRANCISCO