News & Videos - LYFT INC. - English

In an industry-first collaboration, Argo AI, Lyft and Ford Motor Company are working together to commercialize autonomous ride hailing at scale. The unique collaboration brings together all of the parts necessary to create a viable autonomous ride hailing service, including the self-driving technology, vehicle fleet and transportation network needed to support a scalable business and deliver an exceptional experience for riders. “This collaboration marks the first time all the pieces of the...

Fourth quarter revenue of $570 million grew 14% quarter-over-quarter Exceeded annualized fixed cost reduction target in Q4 Positioned for strong organic growth and margin expansion as the recovery takes hold SAN FRANCISCO, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its fourth quarter and fiscal year ended December 31, 2020. “Despite the difficult backdrop in 2020, we continued to focus on improving our business for the long-term,” said...

SAN FRANCISCO, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its fourth fiscal quarter ended December 31, 2020 after the close of the market on Tuesday, February 9, 2021. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the...

SAN FRANCISCO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) announced today that John Zimmer, President and Co-Founder, will participate in a fireside chat at the Credit Suisse 24th Annual Technology Conference, a virtual event, on Wednesday, December 2, 2020. Mr. Zimmer is scheduled to appear at 1:10 p.m. Eastern Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft, Inc. Lyft was founded...

Results reflect ongoing recovery, with third quarter revenue up 47% quarter-over-quarter Ended quarter with $2.5 billion of unrestricted cash, cash equivalents and short-term investments SAN FRANCISCO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its third quarter ended September 30, 2020. “Lyft’s third quarter results reflect our focused execution and business resilience,” said Logan Green , co-founder and chief executive officer of...

SAN FRANCISCO, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its third fiscal quarter ended September 30, 2020 after the close of the market on Tuesday, November 10, 2020. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the...

Results reflect strong cost management and execution in challenging environment Ended quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investments SAN FRANCISCO, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its second quarter ended June 30, 2020. “While rideshare rides in the quarter were down significantly year-over-year, we are encouraged by the recovery trends we are beginning to see, with monthly rideshare...

Lyft continues to lead in providing "All-In-One-App" personal transportation solutions with the expansion of Lyft Rentals through partnership with SIXT, bringing a high-quality rental experience to consumers across the US. SAN FRANCISCO, July 30, 2020 (GLOBE NEWSWIRE) -- Following the success of Lyft Rentals in California, we are excited to bring our best-in-class car rental experience to more travelers across the US through a new partnership with SIXT rent a car. With more than 280,000 premium...

SAN FRANCISCO, July 27, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its second fiscal quarter ended June 30, 2020 after the close of the market on Wednesday, August 12, 2020. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company’s...

SAN FRANCISCO, May 12, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (“Lyft”) (NASDAQ:LYFT) today announced the pricing of $650 million aggregate principal amount of Convertible Senior Notes due 2025 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Lyft also granted the initial purchasers of the notes a 13-day option to purchase...

SAN FRANCISCO, May 12, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced its intention to offer, subject to market conditions and other factors, $650 million aggregate principal amount of Convertible Senior Notes due 2025 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Lyft also expects to...

First quarter revenue grew to $955.7 million, up 23% year-over-year Ended quarter with $2.7 billion of unrestricted cash, cash equivalents and short-term investments SAN FRANCISCO, May 06, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its first quarter ended March 31, 2020. First Quarter 2020 Financial Highlights Lyft reported Q1 revenue of $955.7 million versus $776.0 million in the first quarter of 2019, an increase of 23 percent year-over-year. Net...

SAN FRANCISCO, April 21, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its first quarter ended March 31, 2020 after the close of the market on Wednesday, May 6, 2020. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company’s Investor...

SAN FRANCISCO, Feb. 28, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) announced today that Brian Roberts, Chief Financial Officer, will participate in a fireside chat at the KeyBanc Capital Markets 15th Annual Emerging Technology Summit in San Francisco, California on Tuesday, March 3, 2020. Mr. Roberts is scheduled to appear at 2:30 p.m. Eastern Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft,...

Surpasses $1 billion in quarterly revenue, up 52% year-over-year Fiscal 2019 revenue of $3.6 billion up 68% year-over-year Issues outlook for fiscal 2020 SAN FRANCISCO, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its fourth quarter and fiscal year ended December 31, 2019. Fourth Quarter 2019 Financial Highlights Lyft reported Q4 2019 revenue of $1,017.1 million versus $669.5 million in the fourth quarter of 2018, an increase of 52 percent...

SAN FRANCISCO, Jan. 02, 2020 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its fourth quarter and fiscal year ended December 31, 2019 after the close of the market on Tuesday, February 11, 2020. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the...

SAN FRANCISCO, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) announced today that Logan Green, Co-Founder and Chief Executive Officer, will keynote at the Credit Suisse 23rd Annual Technology Conference on Wednesday, December 4, 2019. Mr. Green is scheduled to appear at 1:40 p.m. Eastern Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft, Inc. Lyft was founded in 2012, and has over 30...

SAN FRANCISCO, Nov. 15, 2019 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) announced today that John Zimmer, Co-Founder and President, will participate in a fireside chat at the RBC Capital Markets 2019 Technology, Internet, Media and Telecommunications Conference on Wednesday, November 20, 2019. Mr. Zimmer is scheduled to appear at 9:40 a.m. Eastern Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft,...

Third quarter revenue grew to $956 million, up 63% year-over-year Raising outlook for fiscal 2019 SAN FRANCISCO, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its third quarter ended September 30, 2019. “Our third quarter results demonstrated the significant progress Lyft has made on our path to profitability. Record revenue was generated by strong growth in both Active Riders and Revenue per Active Rider as we continue to increase engagement...

SAN FRANCISCO, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Lyft, Inc. (Nasdaq:LYFT) announced today that Logan Green, Co-Founder and Chief Executive Officer, and John Zimmer, Co-Founder and President, will participate in a fireside chat at WSJ Tech Live on Tuesday, October 22, 2019. Mr. Green and Mr. Zimmer are scheduled to appear at 9:00 a.m. Pacific Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft, Inc. Lyft...