Lyft reports Q1 EPS 1c, consensus (2c)

Reports Q1 revenue $1.5B, consensus $1.46B. “Q1 marked Lyft‘s (LYFT) 16th consecutive quarter of double-digit year on year Gross Bookings growth demonstrating the resilience and momentum of our customer-obsessed strategy,” said Lyft CEO David Risher. “In the last week of March, rides reached the highest weekly levels in our history and dual-app drivers reported a 23 percentage point preference for Lyft. With our expansion into new demographics via Lyft Silver and into Europe with our planned FREENOW acquisition, we’re putting all the pieces in place for sustained, market-leading performance.”