Lyft reports Q1 EPS 4c vs. 1c last year

Reports Q1 revenue $1.65B, consensus $1.63B. Reports gross bookings of $4.9B, up 19% year over year; Active Riders growth of 17% year over year. “Our customer-obsessed comeback continues,” said Lyft (LYFT) CEO David Risher. “We delivered on all our financial commitments, grew share in the United States, and deepened our global expansion. Looking ahead, our state-of-the-art Flexdrive AV operation in Nashville sets the stage for a hybrid AV future. Lyft is performing while transforming.” “We’ve executed another strong quarter with double-digit year-over-year growth across Active Riders and Gross Bookings, while generating over $1 billion in cash for the trailing twelve months,” said CFO Erin Brewer. “These results reflect the strength of our foundation and drives confidence in our growth to accelerate in Q2.”