Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - Evercore ISI has reiterated an "In Line" rating and $15.00 price target on Lyft (NASDAQ:LYFT) following the company’s mixed second-quarter results. According to InvestingPro data, Lyft has shown strong momentum with a 54% return over the past year, though analysts maintain mixed views with targets ranging from $10 to $28.
Lyft reported gross bookings of $4.5 billion, up 12% year-over-year, and revenue of $1.6 billion, representing an 11% increase year-over-year, both figures coming in below Street expectations. The company’s trailing twelve-month revenue stands at $6 billion, with a gross profit margin of 35.3%, according to InvestingPro metrics.
The ride-sharing company delivered EBITDA of $129 million, achieving a 2.9% margin as a percentage of gross bookings, which exceeded analyst forecasts, while its third-quarter guidance came in above Street estimates for bookings but merely bracketed expectations for EBITDA.
Lyft shares traded down approximately 4% in after-hours trading, which Evercore attributed to unfavorable comparisons with Uber (NYSE:UBER)’s second-quarter mobility gross bookings growth of 18% year-over-year excluding foreign exchange effects.
Evercore noted that while Lyft’s valuation appears "very reasonable," the firm would need to see sustained positive fundamental trends before becoming more constructive on the shares, with particular attention on results from Lyft’s first autonomous vehicle launch in Atlanta this summer with partner May Mobility.
In other recent news, Lyft Inc. reported its second-quarter 2025 earnings, which showed a significant shortfall in both earnings per share (EPS) and revenue compared to analyst expectations. The company posted an EPS of $0.10, falling 61.54% short of the forecasted $0.26. Revenue also did not meet expectations, coming in at $1.59 billion against the anticipated $1.61 billion. These earnings results are crucial for investors as they assess the company’s financial health and performance. The earnings miss was a significant development, as it was followed by a decline in Lyft’s stock value. The stock fell 3.58% in after-hours trading and experienced a further 4.15% drop in premarket trading. This decline in stock price reflects investor reaction to the company’s financial performance.
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