Lyft, Inc. (LYFT)
Pre-market:
- Yahoo Finance
Uber earnings preview: Here's what to expect
Uber (UBER) is set to report its Q4 2022 earnings on Feb. 8 before the market open.
- Zacks
3 Stocks to Consider Buying Before Earnings
These three stocks offer diversification in investment portfolios across multiple sectors and appear to have more upside left despite their strong performances to start 2023.
- Reuters
Uber to steal a march on Lyft in resurgent rideshare market
Dara Khosrowshahi-led Uber operates in multiple regions and has over the years built a massive food and grocery delivery business, while Lyft has mainly focused on rideshare in the United States. Uber's larger scale, reflected in a $67 billion market cap that is nearly ten times that of its rival, has also allowed it to spend more on incentives to attract drivers at a time when the industry recovery has flooded rideshare firms with demand. While Lyft was the first to show glimpses of a profit since rideshare operations began, investors will now focus on adjusted core earnings outlook as the companies have set big targets for 2024 - $5 billion by Uber and $1 billion by Lyft.
