LYFT) stock

2023 - 2 - 10

Lyft Losing War With Uber? Stock Heading Toward Worst Day Ever (Forbes)

Lyft's $4 billion market cap Friday is six times less than what it was at its 2019 IPO.

Lyft went public in March 2019 at $72 per share and a $24 billion valuation, about six times as much as its $3.8 billion market capitalization Friday. Shares fell 74% in 2022 amid a broader albeit less severe market downturn. Uber’s monthly active users have grown by 18% in the period, per FactSet. The stock sank 36% to $10.34 as of 12:30 p.m. Lyft has failed to attract the same number of customers as before the pandemic, with its 20.4 million active riders last quarter falling short of its 22.9 million customers in the last quarter of 2019. [report](https://s27.q4cdn.com/263799617/files/doc_financials/2022/q4/r/Lyft-2022-12-31-Press-Release-(Annual).pdf) after Thursday’s market close, Lyft disclosed a $0.76 loss per share in the last three months of 2022, compared to consensus estimates of a $0.13 per share profit in the period.

Lyft stock melts down after earnings 'debacle for the ages' (MarketWatch)

Lyft isn't getting too many stars for its latest earnings report, which showed the challenges of competing against Uber.

“In 22 years on the Street as a tech analyst we have listened to 1,000s of conference calls with many highs and lows,” wrote Wedbush analyst Daniel Ives. Its stock was off about 3% shortly after Friday’s open. At least eight analysts downgraded the stock after earnings, according to data from FactSet. It was also the stock’s lowest close since Dec. The company’s shares have decreased almost 75% in the past year. Lyft Inc.

Lyft stock is getting punished, down more than 35% after weak ... (CNBC)

Shares of Lyft fell Friday, a day after the company reported guidance for its first quarter of 2023 that was short of analyst expectations. · Lyft's CFO pointed ...

[Subscribe to CNBC on YouTube.](https://www.youtube.com/c/CNBC?sub_confirmation=1) However, rideshare is now approaching full recovery in the US, but Lyft is not," JPMorgan's Doug Anmuth said. It also reported an adjusted loss per share of 74 cents. Lyft's CFO pointed to "seasonality and lower prices" to explain the guidance. [Wall Street noticed](https://www.cnbc.com/2023/02/10/analysts-bail-on-lyft-after-latest-earnings-say-uber-is-cementing-its-place-as-leader-.html) the contrast between Lyft's report and [Uber's earnings](https://www.cnbc.com/2023/02/08/uber-earnings-q4-2022.html#:~:text=Uber%20noted%20that%20net%20income,off%20its%20%E2%80%9Cstrongest%20year.%E2%80%9D). - Lyft's CFO pointed to "seasonality and lower prices" to explain the guidance.

Why Lyft Stock Shifted Into Reverse Today (Motley Fool)

Lyft (LYFT -35.81%) posted an unexpected loss in the fourth quarter and provided disappointing guidance for the first three months of 2023.

Wedbush analyst Daniel Ives, who moved Lyft to a neutral from an outperform post-earnings, called the earnings release and conference call a "debacle for the ages." The results come just days after Lyft archrival Uber Technologies reported better-than-expected revenue and earnings growth, and Wall Street appears worried that the issues at Lyft are deeper than one quarter's results. "Our Q1 guidance is the result of seasonality and lower prices, including less Prime Time. Lyft lost $0.74 per share in the last three months of 2022, a significant miss in a quarter for which analysts had expected a slight profit. The company reported 20.4 million riders in the quarter, its highest total in nearly three years. But there appears to be softness relative to expectations on the demand side as well.

Lyft Stock Hammered on Earnings Report, and Support May Not Be ... (News-Daily.com)

Shares of Lyft are slumping Feb. 10 after the ride-share provider delivered a disappointing quarterly report.

Lyft stock is in free fall – Here's why (Yahoo Finance)

The ride-hailing company missed its Q1 2023 guidance, despite signs of recovery in the rideshare market, and Lyft was downgraded by a number of analysts this ...