| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 1.2B | +8% |
| Gross Profit | 408.8MM | - |
| Cost Of Revenue | 743.9MM | +15% |
| Operating Income | -60.2MM | +50% |
| Operating Expenses | 468.9MM | - |
| Net Income | -26.3MM | - |
| R&D | 95.2MM | -13% |
| G&A | 217.9MM | +12% |
| Marketing | 125.9MM | -3% |
| Interest Expense | 8.4MM | +36% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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SAN FRANCISCO, April 18, 2024--Lyft, Inc. (Nasdaq: LYFT) (the "Company" or "Lyft") will release financial results for the first quarter of 2024 after the close of the market on Tuesday, May 7, 2024.
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at gig economy stocks, starting with Lyft (NASDAQ:LYFT).
Let's see if there could be more upside in Lyft (LYFT) or Uber Technologies (UBER) shares and if their stocks should be considered after a market correction.
A new law in Minneapolis that was to go into effect May 1 on Uber, Lyft compensation has been delayed. The post Minimum pay for Uber, Lyft drivers in Minneapolis pushed back to July appeared first on FreightWaves.
In this article, we will list the 20 biggest gig economy companies in the world. If you want to skip our discussion about the gig economy, go to the 7 Biggest Gig Economy Companies In The World. The gig economy is a labor market that utilizes part-time and temporary roles. These roles are usually occupied […]
The Minneapolis City Council voted unanimously on Wednesday to implement the ordinance that ensures rideshare drivers in the city are paid a minimum wage of $15.57 an hour from July 1 instead of May 1, the Associated Press reported on Thursday. "The ordinance is unsustainable for our customers and would force us to shut down operations in Minneapolis when the ordinance does inevitably take effect," a Lyft spokesperson told Reuters. Lyft and Uber had originally planned to stop operations in Min...
The ride-hailing companies Uber and Lyft said they will delay their planned exit from Minneapolis after city officials decided Wednesday to push back the start of a driver pay raise by two months. The Minneapolis City Council voted unanimously to implement the ordinance on July 1 instead of May 1.
Lyft and Uber might hit reverse on plans to leave Minneapolis on May 1 over a new minimum wage for rideshare drivers set to go into effect on that day, after the city council passed a measure Thursday to extend the deadline.
Key Insights Significantly high institutional ownership implies Lyft's stock price is sensitive to their trading...
The future of Uber and Lyft in Minneapolis has garnered concern and debate in recent weeks after the City Council voted last month to require that ride-hailing companies pay drivers a higher rate while they are within city limits. Uber and Lyft responded by saying they would stop serving the Minneapolis area when the ordinance takes effect May 1, causing the city to weigh the ordinance it passed. The Minneapolis City Council last month overrode a mayoral veto and passed an ordinance that requi...