Uber beat analysts' expectations in Q1 on the strength of its delivery business.
Tom White, managing director and senior research analyst at D.A. Davidson, discusses Lyft’s first-quarter results, which showed some signs of recovery amid the pandemic, as well as an Uber preview ahead of the company’s earnings release.
Lyft (NASDAQ: LYFT) shareholders trailed a booming rally last month. Regulators might be looking to reclassify its drivers as employees rather than independent contractors, for example, which would mean extra costs and a higher administrative burden for Lyft and its competitors. Lyft's growth should accelerate over the next few quarters, especially as it goes up against year-ago periods dominated by retailing lockdowns across the U.S., Europe, and most other markets.