LYFT – Lyft Inc.

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Lyft Inc. operates as a transportation network company in the United States and Canada. It provides a platform that connects passengers with drivers who offer rides. Lyft’s innovative business model focuses on ride-sharing, bike-sharing, and scooter-sharing services, aiming to reduce car ownership and improve urban transportation. Investors interested in transportation stocks often look to Lyft for insights into the evolving landscape of mobility and transportation market trends.

Lyft Stock Soars on Strong Q1 Results and Expanded Share Buyback
LYFT

Lyft Stock Soars on Strong Q1 Results and Expanded Share Buyback

by | 09/05/2025 04:00 AM | LYFT

🚀 Lyft reported strong Q1 results with gross bookings of $4.16 billion, surpassing analyst expectations and contrasting with rival Uber's performance.

📈 The company saw a 16% year-over-year increase in trips, reaching 218.4 million, also beating forecasts, and provided positive guidance for Q2 gross bookings between $4.41 and $4.57 billion.

💰 Lyft announced an accelerated and expanded share repurchase program, increasing its authorization to $750 million from $500 million, with plans to utilize $500 million in the next 12 months.

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