Lyft CEO David Risher poses for a portrait in New York City, U.S., April 16, 2025.
Kylie Cooper | Reuters
Lyft shares jumped 5% after the company lifted its share buyback plan to $750 million in its first quarter earnings report.
Shares were as high as 10% post-earnings.
Here’s how the ridesharing company did:
- Earnings: 1 cent per share
- Revenue: $1.45 billion vs. $1.47 billion estimate from LSEG
Revenues grew 14% from a year ago to $1.45 billion. The company reported net income of $2.57 million, or 1 cent per share. That’s up from a net loss of $31.54 million, or 8 cents per share.
This is breaking news. Please refresh for updates.
