Says rides grew 8.5% year over year, driven by healthy underlying demand and mid-single digit North America rideshare growth, with growth in both the U.S. and Canada. Says share of the U.S. rideshare market has grown from three years ago, and sustained above that point ever since, with an increase in Q1 over last quarter. Says DoorDash-linked rides hit a quarterly all-time high in Q1. Forecasting an acceleration across the business in Q2. Comments taken from Q1 earnings conference call.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYFT:
- Notable companies reporting after market close
- Lyft options imply 11.4% move in share price post-earnings
- Lyft Posts Strong Quarterly Growth With Rising Profitability
- DoorDash expands DashPass in Canada through partnership with Lyft
- Lyft, United Airlines launches pay with miles option for U.S. rideshare
