🔒 Premium Content Alert – This buzzing stock opinion is accessible only to
Premium members
Discover an exclusive list and analysis of the stocks that are trending on social
medias—accessible only to our Premium subscribers. With a keen focus on the stocks
that are setting social media ablaze, this weekly feature offers an invaluable lens
through which to evaluate market movers. Say goodbye to the endless scroll through
social media timelines; we curate the buzz so you can invest your time as wisely as
your money. Unlock Premium Now.
Lyft has consistently made up 30% of the U.S. ride-sharing market. Its Q2, released on August 4, boasted an earnings beat with adjusted EPS at $0.13 (on revenue of $991 million) vs. the street's -$0.04 (on revenues of $989 million). Lyft noted that ridership grew 16% over the past year to 19.9 million, the highest level since the pandemic began. Hand-in-hand with that was the number of active drivers also hit a post-Covid high. The company projects Q3 revenues at $1.04-1.06 billion (all figures here in USD).