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While they beat expectations on both revenue and gross bookings, both earnings and total rides came in a bit light. Shares initially rose a few percentage points after the report was released before falling around 3% to $13.71. Revenue for the first quarter came in at $1.650 billion, ahead of expectations for $1.631 billion.
Ride sharing service Lyft (NASDAQ: LYFT) beat Wall Street’s revenue expectations in Q1 CY2026, with sales up 13.8% year on year to $1.65 billion. Its GAAP profit of $0.04 per share was 44.3% below analysts’ consensus estimates.
The company’s revenue climbed 14% to $1.65 billion in the first quarter, boosted by growth in both riders and rides.
Uber Technologies (UBER) stock's 8 percent post-earnings surge to $79 is notable, but the most significant insight lies in the divergence between revenue growth and profit scaling. While a slight revenue miss captured headlines, the core signal is the structural shift in Uber’s margin profile, which suggests the current valuation may not fully reflect its long-term earnings power.
Earnings season marches on as investors will hear from big companies including McDonald's and CoreWeave. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.
Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Thursday, May 7, including earnings results from McDonald's (MCD), Shell (SHEL), Airbnb (ABNB), CoreWeave (CRWV), and Coinbase (COIN); comments from several Federal Reserve presidents; and this week's reading on initial jobless claims.
GRAB's first-quarter 2026 revenues benefit from the growth across its On-Demand and Financial Services segments.
The ride-hailing company reports better-than-expected earnings and gross bookings in the first quarter.
(Bloomberg) -- Uber Technologies Inc. provided a better-than-expected forecast for bookings, signaling that robust demand from US commuters and travelers will offset impact from geopolitical tensions in the Middle East. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weigh
Avis Budget Group (CAR) reported a first-quarter earnings per share (EPS) loss of $8.01, significantly deeper than the consensus estimate. While the headline loss suggests a business retreat, a singular operational metric of 70% vehicle utilization reveals a fundamental pivot in the company's capital strategy.
Both Uber and Lyft are expected to report their next set of quarterly results soon. But are analysts' revisions bearish or bullish?
Shares of on-demand food delivery service DoorDash (NASDAQ:DASH) jumped 3.9% in the afternoon session after the company announced an expansion of its partnership with Lyft into Canada and a significant grocery expansion in the country.
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