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LYFT REVENUE FORECASTS
Lyft's weak adjusted core profit forecast, surprise 2025 loss send shares tumblingThe forecast marks a setback for the ride-hailing provider's comeback, fueled by a year of improving bookings growth, higher margins and ex...- Lyft bets on global expansion, smaller cities focus to drive growthLyft said Freenow, its European operations, which it acquired earlier this year, is projected to add over six million riders to its platfor...
- Uber reports strong Q1 despite revenue miss, forecasts resilient demand with robust gross bookings outlookUber Technologies (UBER) reported a slight miss in Q1 revenue, but its outlook for gross bookings in Q2 exceeded Wall Street expectations, ...
- Uber forecasts upbeat second quarter on steady ride-hailing, delivery demandTotal revenue rose 14% to $11.53 billion in the first quarter, slightly below analysts' expectations of $11.62 billion, according to data c...
- Lyft's soft forecast fans worries of losing ground to Uber, shares tankShares of Lyft fell 16% due to a disappointing summer forecast, sparking concerns it is losing market share to Uber. Despite reporting bett...
- Uber's second-quarter results beat Wall Street estimates on ride-sharing demandUber's second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, send...
- Uber shares tumble 9% on surprise net loss, weak second-quarter forecastThe report suggests that Uber's growth could be slowing after a strong 2023 in which it dominated the U.S. ride-share market and delivery b...
- Uber forecasts gross bookings for second quarter below expectationsUber projects lower second-quarter gross bookings due to ride-share and food delivery challenges, exceeding core profit expectations. Lyft ...
- Lyft beats third-quarter estimates, bookings underperform rival UberGross bookings, which is a metric Lyft started disclosing in the third quarter measuring total transaction value on its platform, grew 15% ...
- Lyft's gains from price cuts not enough to dent Uber's US leadThe average price of a standard Lyft ride as of September-end was more than 4% cheaper than Uber's similar service, according to data analy...
- Uber shares fall as fears over Lyft's pricing eclipse first operating profitUber reported second-quarter revenue of $9.23 billion, missing analysts' estimates of $9.33 billion, according to Refinitiv IBES data, as a...
- Uber Q3 Results: Co swings to black on ride-hailing demand; posts first operating profitUber's cost controls ranging from layoffs to lower transaction costs and maintaining a steady headcount have helped the company maintain it...
- Lyft shares skid on fears Uber pulling aheadLyft shares hit their worst day on record after closing 36.4% lower, with 13 analysts lowering their price targets on the stock.
- Uber sets sights on profits in 2023 as pandemic pain easesChief Executive Officer Dara Khosrowshahi said the company was now focused on achieving profitability on a GAAP basis this year.
- Lyft to lay off 683 employees in cost-cutting pushLyft's latest move is expected to result in a charge of between $27 million and $32 million in the fourth quarter. It follows 60 job cuts e...
- Lyft posts record quarter, sees operating profit of $1 billion in 2024"We had the majority of new drivers come in organically ... There is a tailwind as more and more people are enjoying this supplemental inco...
- BMW-Daimler ride-hailing venture steps up Uber challengeUber’s market value of $48.6 billion underscores investors anticipate technology firms will play a key role in shaping future transportatio...
- Uber puts the brakes on growth at any costUber is in a tricky position. Its potential ceiling is much higher than Lyft’s because Uber has spread its tentacles into many parts of the...
- WeWork CEO points to Uber's losses as example of ‘growth issues’WeWork parent We Co. is expected to begin its roadshow as soon as next week.
- Lyft shares hit record low, piling pressure on Uber ahead of IPOLyft lost $1.1 billion for the March quarter, the company said on Tuesday.
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