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LYFT
LYFT

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Aktien Stammtisch
@Aktien_Stammtisch
1Mo·

$LYFT (+1,82 %) Q2'24 Earnings Highlights:


EPS: $0.01 (Est. - $0.03)


Revenue: $1.44B (Est. $1.39B)

; UP +41% YoY

Gross Bookings: $4.02B (Est. $4.07B)

; UP +17% YoY

Active Riders: 23.7M (Est. 23.68M)

; UP +10% YoY

Rides: 205M (Est. 206.74M)

; UP +15% YoY


Q3'24 Guidance:


Gross Bookings: $4.0B-$4.1B (Est. $4.14B)


Adjusted EBITDA: $90M-$95M (Est. $104M)


Adjusted EBITDA Margin: ~2.3%


FY 2024 Directional Commentary:


Rides Growth: Mid-teens YoY

Gross Bookings Growth: Slightly faster than rides growth YoY

Adjusted EBITDA Margin: ~2.1%

Positive Free Cash Flow expected for the full year

Free Cash Flow Conversion: Expected to reach >90% long-term conversion target for FY 2024


Operational Highlights:

All-time high Active Riders: 23.7M, up 10% YoY

Record Rides: 205M, up 15% YoY

Gross Bookings: $4.0B, up 17% YoY

Net Cash Flow from Operating Activities: $276.2M (Improved from $(70.0)M YoY)

Free Cash Flow: $256.4M (Improved from $(112.2)M YoY)


Other Metrics:


Adj EBITDA: $102.9M (Est. $99.1M)


Adj Net Income: $98.9M (Est. $67.3M)


Net Income: $5.0M (Improved from $(114.3)M YoY)


CEO David Risher's Commentary:

"For over a year you've heard us say that customer obsession drives profitable growth. In Q2 we delivered, and drivers and riders are choosing Lyft in record numbers."


CFO Erin Brewer's Insight:

"Our platform is growing in a very healthy way as evidenced by the strength of our financial results, including strong cash flow generation and GAAP Net income. We had a strong second quarter with more than a hundred million dollars in Adjusted EBITDA, and we have solid momentum entering the second half of the year."


Additional Operational Insights:

All-time high driver hours and most new drivers welcomed since 2019.

Pride celebrations led to a 17% increase in rides in cities with Pride events.

College town rides surged 23% during spring graduation weekends.

Canadian rides doubled YoY, with Toronto becoming the 8th largest market.


Financial Metrics:

Adjusted EBITDA Margin: 2.6% (vs. 1.2% in Q2'23)

Net Income as a percentage of Gross Bookings: 0.1% (vs. (3.3)% in Q2'23)

Adjusted Net Income: $98.9M (vs. $59.5M in Q2'23)


Strategic Focus:

Maintain strong growth trajectory while enhancing platform efficiency.

Continue investments in driver and rider experience to sustain high engagement and satisfaction levels.

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~ Michael 💎 🏅
@Michael-official
1Mo·

A significant success for the

platform operator Uber
$UBER (+1,62 %), Lyft
$LYFT, (+1,82 %) and DoorDash
$DASH (+3,26 %): The decision to launch their app-based gig workers as independent contractors remains in place.

This way of working is essential for the companies.

The ruling ends a protracted legal battle and confirms that classifying drivers as independent contractors does not violate the California Constitution.

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2 Commentaires
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C.B.@Finanzgeograph
1Mo
And terrible for all "employees".
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Hennington Research
@HennRes
2Mo·

Tesla ($TSLA (+6,49 %)) originally planned to open in August
2024 their new robotaxi but has now postponed the unveiling to October
2024 has been postponed. This additional time should allow the teams to develop more prototypes to build more prototypes.

The robotaxi will be an autonomous vehicle that may not even no steering wheel steering wheel. It should be cheaper than conventional cabs and transportation services such as Uber ($UBER (+1,62 %)) and Lyft ($LYFT (+1,82 %)) because it does not require a human driver. Despite the high expectations, there are still many unanswered questions about this robotaxi, such as its exact designhow it works and how it will be positioned on the market. Tesla's autonomous driving technology uses cameras instead of laser sensors (lidar), which is also controversial.

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5 Commentaires
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Tenbagger2024@Tenbagger2024
2Mo
The safest alternative would be to change the infrastructure.
Milling magnetic strips into the road in which the vehicle can log in via an app.
Here, the vehicle is connected to the road via magnetism.
Vulnerability would be very low and the number of very vulnerable sensors and cameras would be greatly reduced.
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~ Michael 💎 🏅
@Michael-official
2Mo·

After intensive negotiations UBER
$UBER (+1,62 %) and other ride-sharing companies like LYFT
$LYFT (+1,82 %) in Massachusetts have agreed to pay drivers a minimum wage of 32.50 US dollars per hour and other social benefits.

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3 Commentaires
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Hendrik@hendrik_lmr
2Mo
No matter how correctly you pronounce Massachusetts, it always sounds wrong
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Aktienfoxx
@Aktienfoxx
4Mo·

🚨$LYFT (+1,82 %) Earnings


- Revenue of $1.3 billion was up 28% year-over-year.


- Net loss of $31.5 million compares with $187.6 million in Q1’23. Net loss includes $87.5 million of stock-based compensation and related payroll tax expenses. Net loss as a percentage of Gross Bookings was (0.9)% and compares with (6.2)% in Q1’23.


- Adjusted EBITDA of $59.4 million compares with $22.7 million in Q1’23. Adjusted EBITDA margin as a percentage of Gross Bookings was 1.6% and compares with 0.7% in Q1’23.


- “Lyft is off to a strong start in 2024. We are executing well and bringing much-needed innovation to the market. That’s why drivers and riders are choosing Lyft more often,” said CEO David Risher. “After a year in the driver’s seat at Lyft I’m thrilled to see all the ways that our customer obsession drives profitable growth

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