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Track Lyft in real time with a live news feed covering Lyft stock news, official press releases, company announcements, and an archive of historical Lyft news. ...more
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8:22 PM | Saturday | May 16, 2026
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Lyft (LYFT 0.61%) is growing its customer base.
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Lyft (LYFT 0.61%) is growing its customer base.
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High gasoline prices and changing consumer behavior are pushing people away from solo driving. That creates a structural tailwind for platforms like Lyft.
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BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global provider of electric vehicle charging and energy management solutions, today announced a new partnership with Freenow by Lyft, one of Europe's leading multi-mobility apps, to support the electrification of taxi operations across key European markets. Through the agreement, Freenow drivers and fleet operators will gain access to exclusive conditions across a selection of Wallbox charging solutions designed for both home and busines.
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Lyft's AI tool, Earnings Assistant, offers drivers tips on where and when to drive. It gives drivers another tool to maximize their earnings in a competitive industry.
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Uber's quarterly revenue has outpaced Lyft's for two years, but the pace and consistency of growth reveal important contrasts for investors.
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Lyft remains a compelling value play, trading at just 4.2x trailing and 3.6x forward free cash flow. Strategic partnerships with DoorDash, United Airlines, and others are driving record levels of partner-linked rides and supporting market share gains. Q1 results showed 14% revenue growth and 19% gross bookings growth, with adjusted EBITDA up 25% to $133 million.
CoreWeave (CRWV) reported first quarter results on Thursday and missed Wall Street's guidance expectations. EMJ Capital founder and president Eric Jackson and Yahoo Finance Senior Business Reporter Ines Ferré chat with Yahoo Finance's Brian Sozzi about the earnings results and the outlook for Nvidia (NVDA) and artificial intelligence (AI) demand.
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The rivalry between Uber Technologies and Lyft has traditionally revolved around the same core questions: Who could grow faster, subsidize rides longer and survive the brutal economics of ridesharing? But as the most recent quarterly earnings from both mobility platforms reveal, the competitive frame has shifted.
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Lyft CEO David Risher told CNBC's "Squawk Box" on Friday that consumers are "rewards-maxxing." "That's the sort of thing that I think a lot of people are being really smart about, and saying how can I make my dollar go faster?
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Lyft revenues rise 13.8% in Q1 as gross bookings climb 19%, though earnings miss estimates and cash balances decline.
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