Lyft announced second quarter of 2022 earnings Monday, reporting a net profit on an adjusted basis, compared to a loss last year benefitting from continued recovery in ride-hailing. LYFT shifted gears from initially expecting to ramp up spending in Q2 the ride sharer dialed back those plans. The shift helped EPS and adjusted EBITDA expectations and report one of its strongest quarters in recent history, capitalizing on robust rideshare demand and a more balanced driver supply and demand environment, while … Continue reading “Lyft Capitalizing on Robust Rideshare Demand While Effectively Managing Expenses”
Waitr Holdings (Nasdaq: WTRH), an on-demand ordering and delivery platform, that billionaire Tilman Fertitta and Jefferies acquired in 2018 via their first SPAC, Landcadia I, reported Q3 earnings today. Waitr pulled the announcement forward, with earnings initially expected out on 11th Nov. Waitr missed revenue estimates by ~6%, but significantly improved profitability with $0.09 EPS vs. -$0.04 estimate and $0.04 in the same quarter of 2020. Waitr attracted attention earlier in October when Morgan Stanley disclosed a 10% stake in … Continue reading “Resurgent Waitr Recovering From Covid and Hurricanes Posted Strong Profit”
German based ride-hailing service FREE NOW announced it will start offering electric vehicles as its default first option for customers in the UK instead of gasoline or diesel vehicles. FREE NOW aims for 100% of its trips to be zero-emission by 2030 across all key European cities
Uber Technologies reported worse than expected Q2 earnings with a smaller loss but on less revenue than expected. However the smaller loss was from a $1.6 billion gain from the sale of Uber’s self-driving unit. Uber’s Delivery business continues to carry the company. $UBER shares traded lower by 6.8% the miss.
Communications-s software company Twilio reported better than expected first-quarter earnings after the market Wednesday that sent the stock soaring over 40% $TWLO is benefitting from the stay at home economy, distributed contact centers and telehealth.
Shares of food delivery company GrubHub collapsed over 40% after reporting dismal earnings and lowered guidance before the market led analysts to agressively downgrade $GRUB. Competition from Uber, Doordash and Postmates is eating marketshare.
Uber Technologies Inc worse than Q2 expected earnings with a bigger loss on less revenue than expected. Their ridesharing rival Lyft reported better-than-expected Q2 results yesterday and lifted fiscal 2019 outlook.
U.S. equity deals rebounded in Q2, highlighted by a surge in IPO activity after IPOs being down by a third for the first six months of the year, to hit a three-year low. US new listings raised $32 billion in the first half of 2019
Domino’s Pizza is having another foray into self-driving pizza delivery, They have partnered with autonomous driving tech startup Nuro in Houston to deliver pizza’s to counter a driver shortage and growing demand. Domino’s and Ford ran a pilot self driving project in 2017. Who get’s the tip?
Uber Technologies Inc reacted to the fallout from the Lyft initial public offering by lowering the IPO price in an attempt to lessen any negative impact, that was not the case. $UBER shares Fell 7.62%, losing over $200 million, the 5th biggest loss for an IPO in 30 years.