Lyft

1Mon·

Lyft to acquire FREENOW from BMW Group & Mercedes-Benz Mobility for about EUR 175mln to expand in Europe

$LYFT (+3.84%)

Philipp

@Philley

3Mon·

What does Lyft actually do? - Summary Q4 Conference

I took part in Lyft's conference call ($LYFT (+3.84%) ) for the 4th quarter and the full year 2024, which I would like to summarize for you.

CEO David Risher announced that 2024 had been a year of "reinvention and industry leadership" for Lyft. The company has reached all-time highs in rides, riders and driver hours. At the end of January, Lyft achieved its highest market share since 2022. The financial results were the best everconfirming the thesis that customer centricity drives profitable growth.

Drivers are choosing Lyft at record ratesand drivers collectively earned nearly 9 billion dollars in 2024. Technological innovations have shortened pick-up times and reduced "prime time" prices. The average number of rides per person has increased and Lyft has the most high-frequency riders in 5 years. The partnership with DoorDash was successful as it resulted in a record number of scheduled rides.

CFO Erin Brewer announced that 2024 was a remarkable year for Lyft. The company exceeded all targets in its multi-year plan. The gross bookings amounted to 16.1 billion dollarsan increase of 17%. By reducing "prime time" pricing and increasing efficiency and cost discipline, Lyft be GAAP profitable for the first time in a full year and generated free cash flow of 766 million dollars dollars.

In the fourth quarter, the number of rides increased by 15% and the number of active riders by 10%, while prices in the US market fell. For the first quarter of 2025 growth in gross bookings of around 10 % to 14 % is is expected. Lyft has also launched a share buyback program in the amount of 500 million dollars. announced.

In addition, the impact of new market participants such as Waymo was also discussed.

It was made clear that Waymo is seen as a company with very impressive technology, especially when it comes to their autonomous vehicles. In San Francisco, however, Waymo was seen as a premium product that is about 20% more expensive than Lyft's services. Despite Waymo's presence in San Francisco, its market market share there has remained stable. It is expected that these new technologies, like Waymo's, will create new demand from which Lyft can also benefit.

In addition, the introduction of autonomous vehicles is being driven forward. Lyft is planning the introduction of AVs in 2025 in collaboration with May Mobility in Atlanta. A partnership with Marubeni was also announced, which will utilize Mobileye's "Lyft-ready" AV technology, starting with a fleet of fleet of 1,000 vehicles in Dallas starting in 2026. AVs are seen as an opportunity to expand the market not as competition to existing rides.

I hope you enjoyed the summary. Basically, however, I am still #TeamUber ($UBER (+2.43%) )

$UBER (+2.43%)
$LYFT (+3.84%)

3Mon·

Uber vs LYFT - active customers

In the last 15 months $UBER (+2.43%) gained 29 million active customers per month.

That's more active customers than Lyft has in total. 🚀

3Mon·

Bill Ackmann investor presentation Uber

Bill Ackman has published his investor presentation, here are the pages about $UBER

$TSLA (+1.79%)

2 Comments

mvarcox@mvarcox

3Mon

Uber is still a decent long term buy in my opinion, especially in the 60s

•

Show answer

3Mon·

LYFT Q4'24 Earnings Highlights:

$LYFT (+3.84%)

🔹 Revenue: $1.55B (Est. $1.556B) 🟡; UP +27% YoY

🔹 Gross Bookings: $4.3B (Est. $4.315B) 🟡; UP +15% YoY

🔹 Adj EBITDA: $112.8M (Est. $104.05M) 🟢; UP +69% YoY

🔹 Net Income: $61.7M (Est. $85.80M) 🔴

Q1'25 Guidance:

🔹 Gross Bookings: $4.05B-$4.20B (Est. $4.262B) 🔴

🔹 Adjusted EBITDA: $90M-$95M

Q4'24 Operational Metrics:

🔹 Rides: 219M; UP +15% YoY

🔹 Active Riders: 24.7M (Est. 24.56M) 🟢; UP +10% YoY

🔹 Revenue per Active Rider: $62.7

Strategic Updates:

🔸 Announced $500M Share Repurchase Program for Class A common stock.

🔸 Surpassed all targets set during the Investor Day, achieving record cash flow and margin expansion.

🔸 Lyft continues to outperform on driver preference and achieved industry-best ETAs during Q4.

Management Commentary:

🔸 CEO David Risher: "2024 was a record-smashing year for Lyft, with all-time highs in rides, riders, and service levels. In 2025, we’ll focus on delivering a better rideshare choice for millions."

🔸 CFO Erin Brewer: "We achieved record Gross Bookings, significant margin expansion, and our first full year of GAAP profitability, setting a strong foundation for our multi-year growth plan."

3Mon·

Uber brief overview

$TSLA (+1.79%)
$GOOGL (+1.58%)
$GOOG (+1.46%)
$LYFT (+3.84%)

Attractively valued in my opinion and lots of growth potential 🚀

The number of monthly active platform customers reached 171 million in this quarter, 10 million more than in the same quarter of the previous year.

The operating leverage of $UBER (+2.43%) has been astonishing over the last five years.

Adjusted EBITDA margin:

Q4 2019: -21 %

Q4 2024 15 %

Free cash flow:

$UBER (+2.43%) Partners:

+ 3

10 Comments

Marcel@xzxzx

3Mon

A clear buy for me🚀

•

Show answer

$UBER (+2.43%)
$LYFT (+3.84%)

4Mon·

Uber vs Lyft

Uber completes 12 times more rides per quarter (including deliveries) than Lyft.

2 Comments

Investicus@Investicus

4Mon

Well, isn’t Lyft available only in US and Canada? They got a long way to go but I’m still bullish on this one on the long run.

•

Show answer

4Mon·

Uber profitability

$TSLA (+1.79%)
$NVDA (+0.79%)

$UBER (+2.43%) shows impressive profitability.

Operating Margin:

2017: -49%

2024: 14%

$UBER (+2.43%) achieves impressive operating leverage on a large scale.

Selling and administrative expenses have fallen significantly in relation to sales over the last five years.

Further developments will be exciting to see whether and how they will integrate autonomous driving.

Further news:

$DAL (+1.96%) links its loyalty program with $UBER (+2.43%) ends the partnership with $LYFT (+3.84%)

$UBER (+2.43%) and $NVDA (+0.79%) announced that they are working together to develop new solutions to support the development of AI-supported technology for autonomous driving.

Millions of rides are taken with Uber every day, providing a huge source of data that the companies plan to combine with the Nvidia Cosmos platform and Nvidia DGX Cloud. The companies will announce further details later this year.

🚀🚀

4Mon·

First purchase in the new year

Tenbagger2024@Tenbagger2024

Exciting investment from $UBER (+2.43%) :

In 2025, Serv Robotics will $SERV will deploy 2,000 robots to increase food deliveries for $UBER (+2.43%) Eats.

$NVDA (+0.79%) and $UBER (+2.43%) are the largest shareholders of $SERV , $SERV estimates that robots on a large scale will only cost one dollar per delivery

Serve Robotics, Inc. is engaged in the development of next-generation robots for last-mile delivery services. The company offers an autonomous, all-electric robot that makes delivery sustainable and economical. The company's fleet consists of over 100 robots. The autonomous, all-electric robot is able to be present on these platforms in real time and update the status as well as accept delivery orders for customer orders on these platforms when needed. The company uses artificial intelligence methods to develop, train and deploy a variety of models on the robots that perform a variety of tasks, including detecting sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians and vehicles, as well as projecting the trajectory of other dynamic agents. Its capabilities include automatic emergency braking, vehicle collision avoidance and fail-safe mechanical braking. The robots consist of a number of key systems, such as the drivetrain, power system and connectivity.

02.01

Uber

Bought x145 at €58.49

€8,481.05

8 Comments

4Mon

You're making Uber more and more appealing to me. I hope the calculation works out, good luck.

•

View all 5 further answers

Techaktien

@Techaktien

4Mon·

Podcast episode 68 "Buy High. Sell Low."

Subscribe to the podcast so that print dies.

00:00:00 Alphabet, Uber & Lyft

00:26:00 Novo Nordisk, Eli LIlly & Amgen

00:54:00 Quantum Computing & Quantum Corporation

01:02:15 Bitcoin & MicroStrategy

01:17:40 German Bitcoin experts

Spotify

https://open.spotify.com/episode/40XOPNBIC2zBjVtmVDSzMH?si=jj_ZclnGQfSfpRCUZEB2QQ

YouTube

https://youtu.be/rqzook0jqpU

Apple Podcast

https://podcasts.apple.com/de/podcast/folge-68-alphabet-microstrategy-novo-nordisk-uber-bitcoin/id1695869891?i=1000680672590

$GOOGL (+1.58%)
$GOOG (+1.46%)
$MSTR (+1.96%)
$BTC (+1.2%)
$UBER (+2.43%)
$LYFT (+3.84%)
$NOVO B (-2.73%)
$NOVO B
$NVO (-2.46%)
$AMGN (+0.24%)$LLY (+3.59%)
$AAPL (+0.57%)
$SPOT (+2.39%)
#podcast

open.spotify.comFolge 68: Alphabet, MicroStrategy, Novo Nordisk, Uber, Bitcoin, Eli Lilly, Amgen, Waymo, Lyft, Quantum Computing

6Mon·

RBC CAPITAL ON $TSLA (+1.79%) AND AVS: "WHAT IF TESLA PLAYED BALL WITH $UBER (+2.43%) & $LYFT (+3.84%)
?"

"We have rising conviction that Tesla may be more open to working with UBER and LYFT at some point as distribution partners for its AVs. Consistent with our June deep-dive report, we believe the successful AV networks of the future will involve deeply integrated partnerships composed of OEMs, suppliers, software enablers, and ride-hailing networks all playing their critical roles in delivering a safe, reliable, and, importantly, economically sustainable service. This could lower the cost of vehicular transportation and take share from private vehicle ownership."

"Importantly, we think both UBER and LYFT likely participate in this rising tide as vehicle supply participants would likely not sole-source for demand generation. While we remain mindful of Tesla’s ability to irrationally subsidize for a period, longer-term, we think the path of least resistance is plugging into almost immediate vehicle utilization. This would shift what is currently a possible existential risk for UBER and LYFT into simple TAM expansion."