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[Vídeo] Gene Munster breaks down Lyft earnings

Loup Ventures’ Gene Munster reacts to Lyft’s earnings results. With CNBC’s Julia Boorstin and Melissa Lee, and and the Fast Money traders, Guy Adami, Tim Seymour, Steve Grasso and James McDonald. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

Lyft shares rose 6% in extended trading after the company reported fourth-quarter results that topped analysts expectations. The company lost 58 cents per share on revenue of $570 million. Analysts expected a loss of 72 cents per share on revenue of $563 million, according to Refinitiv. Ridership did not meet analyst forecasts, however, with the company reporting 12.5 million active riders, and analysts expecting 13.2 million. The ridesharing company says that a surge in coronavirus cases and efforts to reduce transmissions have slowed the service. However, CFO Brian Roberts said in a statement that Lyft expects “a growth inflection beginning in the second quarter that strengthens in the second half of the year.”

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  3. loadfun

    The guy doesn't get it. While Lyft will compound with the ridesharing business, Uber will compound with both the delivery and ridesharing businesses. Plus it has the advantage of larger scale.

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