Lyft reports Q4 revenue up 4% YoY to $1.2B, net loss of $26.3M, vs. $588.1M YoY, active riders up 10% to 22.4M, and Q1 forecast above est.; LYFT jumps 10%+
I've done zero work to understand the financials but intuitively, I have never understood how a middleman bookings service at $4B scale doesn't make money. Remember the promise of the sharing economy? We don't have to own the cars or employ the drivers, ...
never seen anything like this Lyft just corrected its earnings press release. says it means EBITDA margin expasion will be 50 basis points, not 500 bps shares went from +60% in after hours to +15%
I've been doing this for 2 decades, and I don't ever remember a mistake this bad on an earnings report. 500 bps of margin increase for 2024? Nope, it's 50 bps. Lyft shares pull way back after CFO corrects major earnings release error https://www.cnbc.com/...