LYFT) stock

Shares of the ride-sharing service were off as much as 33% Wednesday morning. In the quarter, Lyft reported revenue of $875.6 million, beating Wall Street ...

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Lyft's stock plunged after the company shared its first-quarter earnings report Tuesday and told investors costs would remain up as it invests more in ...

The company reported a net loss of $5.9 billion. Lyft executives Tuesday said the company remains cautiously optimistic that revenue growth for 2022 will accelerate and that demand will increase in the second half of the year. The drop comes after Lyft reported a revenue of $875.6 million for the first quarter of the year, an increase of 44 percent from the same period last year.

Lyft is trading near COVID lows despite reporting improving Q1 results. See why I believe that investors should expect another beat in Q2'22.

The stock hit a closing low of $16.05 during the early fears of COVID lockdowns in March 2020. The suggestion is that maybe Lyft was underspending, not the scenario spun by the market as if the company is now going to aggressively overspend. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The quarterly operating model is now $200 million better (of course, before the increased driver incentives in Q2) and revenues are now approaching record levels again. The higher gas prices aren't helping Lyft attract and keep drivers, but this issue is short term in nature as consumers needing to take a trip have to pay for the higher gas prices by whichever transportation method selected. Lyft saw active riders peak at 18.9 million during Q3'21 likely helping lead to some of the fears in the stock price reaction after hours. Lyft spent 13% of Q1'22 revenues on S&M with incentives just 3% of revenues. Regardless, Lyft still expects to approach prior record levels of $1.02 billion recorded in Q2'19. As with other companies in the transportation sector, Lyft is still working on topping 2019 and early 2020 levels. In total, Lyft generated EBITDA profits of $225 million over the last year. The following are the Q1 comparisons on operating expenses between the periods Q1'22 versus Q1'20: My investment thesis is turning more Bullish on the story, though driver issues are the biggest story.