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.
Lyft, Inc. reported a successful fiscal year 2021, with revenue soaring to $3.2 billion, up 36% year-over-year. The company significantly narrowed its net loss to $1 billion, compared to $1.8 billion in 2020. Lyft achieved its first Adjusted EBITDA profit at $92.9 million, indicating a strong turnaround. Q4 2021 saw revenue reaching $969.9 million, a 70% increase from the previous year. Despite challenges from omicron, Lyft remains optimistic for 2022, backed by $2.3 billion in cash. CEO Logan Green emphasized continued investment in growth initiatives and welcomed new CFO Elaine Paul.
Lyft, Inc. (LYFT) is set to release its financial results for the fourth fiscal quarter ended December 31, 2021, on February 8, 2022, after market close. A conference call will follow at 1:30 p.m. PT to discuss these results and business highlights. Interested parties can access the live webcast through Lyft's Investor Relations page. The archived version will also be available post-call. Lyft continues to focus on providing a comprehensive transportation network, adapting to societal changes towards transportation-as-a-service, which includes rideshare, bikes, scooters, and car rentals.
Lyft has partnered with Olo to enter the restaurant delivery market, utilizing Olo's Dispatch network.
This collaboration allows restaurants to manage delivery orders through their platforms with Lyft as a third-party delivery provider. Olo’s Dispatch technology optimally selects delivery partners to ensure efficiency and cost-effectiveness. The partnership aims to enhance direct guest relationships for restaurant brands and support local delivery without Lyft creating a consumer marketplace. The initiative is expected to expand delivery coverage and improve pricing for both brands and diners.
Elaine Paul has been appointed as the new Chief Financial Officer of
Motional and Lyft have announced plans to launch a fully driverless ride-hailing service in Las Vegas in 2023, marking the first city in a multimarket deployment. This service will utilize Motional's next-gen all-electric Hyundai IONIQ 5 robotaxi, a product of their ongoing partnership. The companies have operated a public self-driving service together in Las Vegas since 2018, offering them unique expertise in the driverless domain. This initiative aims to introduce millions to driverless technology while enhancing the rider experience with autonomous features.
Lyft reported Q3 2021 revenue of $864.4 million, marking a 73% year-over-year increase. The net loss narrowed to $71.5 million, significantly improved from $459.5 million in Q3 2020. Adjusted EBITDA was $67.3 million, the second consecutive profitable quarter. The company achieved record Contribution Margin of 59.4% and reported $2.4 billion in cash and investments at quarter-end. Lyft's driver supply increased nearly 45% year-over-year, supporting service enhancements and lower prices anticipated for Q4.
Lyft, Inc. (NASDAQ:LYFT) announced that John Zimmer, President and Co-Founder, will deliver a keynote speech at the Credit Suisse 25th Annual Technology Conference on December 1, 2021, at 8:00 a.m. Mountain Time in Scottsdale, Arizona. A live webcast will be accessible on Lyft's investor relations webpage. Lyft, founded in 2012, is a leading transportation network in the U.S. and Canada, focused on enhancing lives through innovative transportation solutions. The company may provide forward-looking statements regarding its future performance during the keynote.
Lyft, Inc. (NASDAQ: LYFT) will release its third fiscal quarter financial results for the period ending September 30, 2021, after market close on November 2, 2021. A conference call to discuss the results and business highlights will take place at 1:30 p.m. PT (4:30 p.m. ET) on the same day. Interested parties can access the live audio webcast via the Company’s Investor Relations page. Lyft continues to be a leading transportation network in the U.S. and Canada, focusing on improving lives through exceptional transportation options.
Lyft, Inc. reported impressive financial results for Q2 2021, achieving a revenue of $765 million, a 125% year-over-year increase. Active Riders grew by 3.6 million from the previous quarter, while quarterly Adjusted EBITDA was $23.8 million, marking the first profitability in this metric. Despite a net loss of $251.9 million, significantly down from $437.1 million in Q2 2020, the company showed a Contribution Margin of 59.1%. Lyft ended Q2 with $2.2 billion in cash and investments, demonstrating strong liquidity.
Lyft, in partnership with Argo AI and Ford, announced the rollout of self-driving vehicles on its network, starting in Miami by the end of 2021, followed by Austin in 2022. This collaboration aims to commercialize autonomous ride-hailing by combining the necessary technology and infrastructure. They plan to deploy at least 1,000 autonomous vehicles across multiple markets in five years, leveraging anonymized data for improved safety and service. Lyft will receive 2.5% of Argo AI's equity as part of this agreement.
