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Gary Black Bullish On Lyft, Sees Investment Opportunity As Uber Rival Surprises With Q1 Profit And AV Adoption Plans

Benzinga LogoBenzinga16h ago

Gary Black Bullish On Lyft, Sees Investment Opportunity As Uber Rival Surprises With Q1 Profit And AV Adoption Plans - Benzinga

Quick Summary:

Future Fund LLC's managing partner, Gary Black, thinks ride-hailing service Lyft Inc.'s (NASDAQ:LYFT) performance, as well as increased adoption of AVs, warrants more investment in the company.

What Happened: Following Lyft's Earnings Call, Black took to the social media platform X to share his thoughts on the company's results for Q1 2025 on Thursday.$LYFT +8% AH after delivering higher than expected EBITDA, FCF, and turning a surprise earnings profit (+$.01 vs -$.02 exp loss).1Q Gross bookings and # Rides beat.2Q gross bookings and EBITDA were in line.

LYFT has poor Momentum and Value scores, but scores well on the Growth metric.


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Article Details

Author / Journalist: Badar Shaikh

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 06:19:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28507880

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 22 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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