Latest news with #FREENOW
Yahoo
2 days ago
- Business
- Yahoo
LYFT Q1 Earnings Call: Management Focuses on Product Expansion, International Growth, and AV Partnerships
Ride sharing service Lyft (NASDAQ: LYFT) missed Wall Street's revenue expectations in Q1 CY2025, but sales rose 13.5% year on year to $1.45 billion. Its non-GAAP profit of $0.11 per share was 46.7% below analysts' consensus estimates. Is now the time to buy LYFT? Find out in our full research report (it's free). Revenue: $1.45 billion vs analyst estimates of $1.47 billion (13.5% year-on-year growth, 1.3% miss) Adjusted EBITDA: $106.5 million vs analyst estimates of $92.39 million (7.3% margin, 15.3% beat) EBITDA guidance for Q2 CY2025 is $122.5 million at the midpoint, in line with analyst expectations Operating Margin: -2%, up from -4.9% in the same quarter last year Active Riders: 24.2 million, up 2.3 million year on year Market Capitalization: $6.57 billion Lyft's first quarter results reflected management's ongoing focus on expanding its rider base, including both new demographic segments and geographic markets. CEO David Risher pointed to the successful launch of products like Lyft Silver and the company's entrance into Europe through the FREENOW acquisition as key factors supporting active rider growth. On the call, management highlighted that the commute segment now represents a significant share of rides, underscoring a shift in use cases. CFO Erin Brewer referenced operational discipline in cost management and continued product innovation, such as Wait & Save and Price Lock, as contributors to the company's operating margin improvement from last year. Looking ahead, Lyft's outlook is shaped by its ability to integrate international operations, scale new products, and execute on partnerships in autonomous vehicles (AVs). Management emphasized that the FREENOW acquisition will double Lyft's addressable market, although CEO David Risher acknowledged the need for careful integration. The company is also positioning itself to benefit from the expansion of fleet management and AV supply, with Risher noting, 'AVs are an absolutely extraordinary opportunity for us,' while cautioning that large-scale adoption remains a longer-term prospect. Brewer added that Lyft's insurance and risk programs are expected to support safe platform growth, but acknowledged that macroeconomic factors and evolving competitive dynamics will continue to influence near-term performance. Management attributed first quarter trends to product diversification, operational focus, and early progress in international and AV initiatives, while noting that competitive pricing and insurance costs remained ongoing challenges. Product portfolio expansion: Lyft's management highlighted the growing impact of products like Wait & Save and Price Lock, with Price Lock membership retention rising to approximately 75%. These offerings are designed to address rider preferences for price predictability and affordability, particularly in the commute segment, which now accounts for about a third of all rides. International and demographic growth: The company's rider base expanded through the launch of Lyft Silver and significant progress in Canada, where rider activity nearly doubled over the past year. The FREENOW acquisition, pending closing in the second half of the year, is expected to provide access to nine new European countries and strengthen Lyft's presence in premium taxi markets. Autonomous vehicle partnerships: Management underscored partnerships with May Mobility and Mobileye as steps toward integrating AVs into Lyft's network. Initial pilots, such as the upcoming Atlanta launch, are intended to generate operational insights. However, CEO David Risher emphasized that the pace and economics of AV adoption remain uncertain due to insurance, utilization rates, and supply constraints. Advertising and media platform development: Lyft Media is tracking toward a $100 million annualized revenue run rate, supported by new ad formats and 'sponsored rides' experiments. Management sees opportunities to attract both brand and performance advertisers as the platform's scale and engagement improve. Pricing and insurance dynamics: The average ride price was modestly higher year-over-year but declined compared to the previous quarter. Management cited increased competition and broader market dynamics as factors, while noting that improvements in risk management and insurance partnerships are ongoing but have not yet fully translated into pricing stability. Lyft's forward outlook is anchored by international expansion, deeper product adoption, and the execution of partnerships in AV technology and advertising. FREENOW integration and international focus: Management expects the FREENOW acquisition to be a primary catalyst for growth, effectively doubling Lyft's total addressable market. Early integration efforts will focus on operational alignment and leveraging FREENOW's fleet management expertise in European premium taxi markets, though management stressed that the deal must first close and that further expansion will be considered only after initial integration. AV partnerships and supply diversification: Lyft aims to broaden its supply base through partnerships with both AV technology providers and traditional fleet operators. Management believes these partnerships will diversify service offerings and enhance platform reliability, but cautioned that the impact on margins and pricing from large-scale AV deployments is difficult to predict given current market constraints and insurance complexities. Media and monetization initiatives: The development of Lyft Media and continued innovation in ad formats are expected to contribute incremental revenue. Management stated that successful advertiser adoption—particularly for location-based and 'sponsored ride' campaigns—will be a key determinant of media platform growth, while investments in marketing and technology to support these initiatives may pressure near-term margins. Looking ahead, the StockStory team will monitor (1) the closing and early integration of the FREENOW acquisition, (2) the performance of new product offerings like Price Lock and Lyft Silver in driving rider engagement and retention, and (3) operational milestones in AV partnerships, including pilot launches and fleet management scalability. The continued ramp of Lyft Media and expansion into new geographic markets will serve as additional indicators of strategic execution. Lyft currently trades at a forward EV/EBITDA ratio of 12.9×. At this valuation, is it a buy or sell post earnings? Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. 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Scottish Sun
27-05-2025
- Scottish Sun
Police warn of new travel scam hitting major UK airports that could see you lose hundreds
BRITS are being warned of a scam spreading across some of the UK's biggest airports. Passengers at Heathrow, Gatwick and Luton, have been warned by police of the new scam after several passengers have already been targeted. Advertisement 3 The scam has been reported at three London airports Credit: Getty Tourists are been approached shortly after landing typically at the arrivals hall - by individuals posing as official airport staff or prebooked drivers. The scammers are often noted wearing smart clothing, carrying clipboards or signs and sometimes present fake ID. They then claim that the tourist's scheduled hotel pick-up or transport has been cancelled, changed, or upgraded. The traveller is then offered immediate transportation to their destination — usually in an unmarked vehicle parked outside — in exchange for a high, cash-only fare. Advertisement In many cases, victims are dropped far from their destination or asked for additional money en route. A taxi ride from London Heathrow to Soho in central London can cost up to £85 - however, with scams like these you will most likely spend more cash direct to the driver, once they have you in their car. Currently, scams are occurring most at Heathrow Terminals 3 and 5, Gatwick's South Terminal and Luton Airport's main arrivals area. Scammers tend to target long-haul passengers, particularly those arriving late at night or appearing uncertain about their travel arrangements. Advertisement Reports indicate that the scam is most active at Heathrow Terminals 3 and 5, Gatwick's South Terminal, and Luton Airport's main arrivals area. According to the data of Ski Vertigo, a travel expert and global advisory source, airport-related scams targeting international visitors in the UK have risen by 23 per cent in the past year, with a growing number linked to fake airport transfer services. Why it's important to buy travel insurance when booking a holiday A spokesperson for London Metropolitan Police's Aviation Command said: "These individuals prey on vulnerable passengers using confident language and forged credentials to appear legitimate." Ski Vertigo warned that travellers should be aware demands for immediate cash payment - often without offering a receipt. Advertisement They should also look out for unauthorised individuals approaching without prior contact, pressure to act quickly, refusal to provide vehicle registration or driver credentials and vague answers when asked about your booking or destination. Ski Vertigo added: "Anyone who approaches you without confirmation from your hotel or transfer provider should be treated with caution." To stay safe, opt for authorised minicabs or ride-hailing apps such as Uber, Bolt, or FREE NOW - all of which operate at London airports. Travellers can also verify transport with airport help desks or directly with accommodation before leaving the terminal. Advertisement 3 Ski Vertigo advises travellers to book transport via verified apps or minicabs Credit: Getty Also, do not share personal travel details with anyone who approaches you unsolicited and use card or app payments whenever possible. Ski Vertigo concluded: "Most scams rely on confusion and haste. Travellers who prepare their airport transfers in advance and know what to expect are far less likely to be caught off guard." There is also a little-known wristband trick that can stop you getting scammed on holiday. Advertisement Plus, the travel scams that are costing Brits thousands each year – and how to avoid them.
The Irish Sun
27-05-2025
- The Irish Sun
Police warn of new travel scam hitting major UK airports that could see you lose hundreds
BRITS are being warned of a scam spreading across some of the UK's biggest airports. Passengers at Heathrow, Gatwick and Luton, have been warned by police of the new scam after several passengers have already been targeted. 3 The scam has been reported at three London airports Credit: Getty Tourists are been approached shortly after landing typically at the arrivals hall - by individuals posing as official airport staff or prebooked drivers. The scammers are often noted wearing smart clothing, carrying clipboards or signs and sometimes present fake ID. They then claim that the tourist's scheduled hotel pick-up or transport has been cancelled, changed, or upgraded. The traveller is then offered immediate transportation to their destination — usually in an unmarked vehicle parked outside — in exchange for a high, cash-only fare. Read more on travel scams In many cases, victims are dropped far from their destination or asked for additional money en route. A taxi ride from London Heathrow to Soho in central London can cost up to £85 - however, with scams like these you will most likely spend more cash direct to the driver, once they have you in their car. Currently, scams are occurring most at Scammers tend to target Most read in News Travel Reports indicate that the scam is most active at Heathrow Terminals 3 and 5, Gatwick's South Terminal, and Luton Airport's main arrivals area. According to the data of Why it's important to buy travel insurance when booking a holiday A spokesperson for London Metropolitan Police's Aviation Command said: "These individuals prey on vulnerable passengers using confident language and forged credentials to appear legitimate." Ski Vertigo warned that travellers should be aware demands for immediate cash payment - often without offering a receipt. They should also look out for unauthorised individuals approaching without prior contact, pressure to act quickly, refusal to provide vehicle registration or driver credentials and vague answers when asked about your booking or destination. Ski Vertigo added: "Anyone who approaches you without confirmation from your hotel or transfer provider should be treated with caution." To stay safe, opt for authorised minicabs or ride-hailing apps such as Uber, Bolt, or FREE NOW - all of which operate at Travellers can also verify transport with airport help desks or directly with accommodation before leaving the terminal. 3 Ski Vertigo advises travellers to book transport via verified apps or minicabs Credit: Getty Also, do not share personal travel details with anyone who approaches you unsolicited and use card or app payments whenever possible. Ski Vertigo concluded: "Most scams rely on confusion and haste. Travellers who prepare their airport transfers in advance and know what to expect are far less likely to be caught off guard." There is also a Plus, the 3 The scammers are mainly targeting long-haul travellers Credit: Getty
The Herald Scotland
15-05-2025
- Business
- The Herald Scotland
Get 50 percent off first two taxi rides with new FREENOW app
The FREENOW app allows users to book a ride with the push of a button. Available on both iOS and Android riders can track their driver's arrival time and see the cost of their journey upfront. Prebook your ride from 20 minutes up to 90 days in advance With FREENOW, users can book a ride on demand or take advantage of the Prebook feature, which lets passengers schedule a trip up from 20 minutes up to 90 days in advance. Whether there's an early morning meeting, a flight to catch or an evening on the town, FREENOW has its users covered. Safety first - always Safety is a top priority for FREENOW. When booking a ride, passengers will receive the details about their driver and vehicle in advance, providing an added sense of security. The 'Share Your Trip' feature allows passengers to share their journey with friends and family in real time, so they can track their location and ensure they arrive safely. FREENOW's commitment to safety means you can always enjoy your ride with confidence. Danny O'Gorman, General Manager at FREENOW UK, says the company is committed to expanding its services: 'It is our job to continue responding to increased demand for our service across the United Kingdom. Following the success of FREENOW in Edinburgh, with more than half a million taxi requests in the past three years and growing, we are pleased to announce that our app is now available to both residents and visitors in Glasgow, making it easier for people to book a ride whenever they need one.' Celebrating the launch with an exclusive discount To mark its arrival in Glasgow, FREENOW is offering an exclusive 50 percent off the first two trips for new FREENOW users using the code: GLASGOW. Simply enter the promo code in the app to take advantage of this limited-time offer. There's never been a better time to try FREENOW and experience how easy it is to book a taxi on the go. Rob Finlayson, Operations Manager at Saltire Private Hire, is excited about what this new partnership will bring: "Saltire Private Hire, part of the City Cars Group, is pleased to announce our partnership with FREENOW, enhancing transport options and increasing earning opportunities for drivers and customers across Glasgow and the surrounding areas. This collaboration underscores our commitment to innovation and delivering exceptional passenger transport services in the region." Terms & Conditions: ■ 50% off first 2 trips for new users, up to £8 per trip. ■ Valid for 1 week after deposit. ■ Expires 31/07/202 For more information visit FREENOW at or download the app for iOS or Android
Time Business News
02-05-2025
- Time Business News
Need a Taxi from Herzogenaurach to the Airport? Here's the Easiest Way to Book
Traveling can be stressful, especially when you're trying to catch a flight. Whether you're a business traveler rushing to Nuremberg Airport or a family heading on holiday, getting there on time is critical. Fortunately, if you're in Herzogenaurach, there's a simple solution: book with Taxi Herzogenaurach. Here's a complete guide on how to easily arrange a Taxi Herzogenaurach Flughafen service and make your airport journey smooth and stress-free. Getting to the airport on time is non-negotiable. Delayed trains, crowded buses, and limited parking at the airport can add unnecessary stress to your trip. Choosing a dedicated taxi service ensures: Punctuality – No waiting or unexpected stops Comfort – Travel in clean, private vehicles Convenience – Door-to-door pickup and drop-off Luggage Support – Ample space for your bags That's why travelers in the region trust Taxi Herzogenaurach for reliable airport transport. When looking for a Taxi Herzogenaurach Flughafen, you have a few choices: Many local services operate in Herzogenaurach, but not all offer online booking or flight monitoring. Some operate only during certain hours, so availability can vary. Apps like FREE NOW or Uber might work in larger cities but often have limited presence in smaller towns. Pricing can also fluctuate based on demand. This is the most straightforward and customer-friendly option. With local expertise, 24/7 availability, and transparent pricing, Taxi Herzogenaurach is known for dependable airport transfers and easy bookings. Booking your ride should be as simple as packing your bag. Here's how to do it smoothly: Opt for Taxi Herzogenaurach, a licensed local provider with professional drivers and a track record of punctuality. You can book via phone, website, or WhatsApp. Provide your pickup address, flight details, and preferred pickup time. Confirm the fare ahead of time — no surprises. The company will also monitor your flight in case of delays. You'll receive a confirmation with the driver's details and estimated arrival time. Relax, your journey to the airport is in safe hands. Whether it's early morning or late night, your taxi will arrive on time. Here's an overview of typical pricing and vehicle options for airport transfers: Vehicle Type Passenger Capacity Luggage Capacity Estimated Price to Nuremberg Airport Standard Sedan Up to 4 2-3 suitcases €55 – €70 Business Sedan Up to 3 2 suitcases €70 – €85 Van/Minibus Up to 8 Multiple bags €85 – €110 Prices may vary slightly depending on time of day, additional stops, or special requirements. Distance: Approx. 35 km Average Travel Time: 30–40 minutes, depending on traffic Recommended Booking Time: At least 24 hours in advance for early morning or holiday departures Book Early: Especially during peak travel seasons Double-Check Flight Details: Provide accurate times Request Extras in Advance: Child seats, large vans, or invoice for business travel Ask About Payment Options: Taxi Herzogenaurach accepts cash, card, and contactless payments When it comes to getting from Herzogenaurach to the airport, convenience and peace of mind should be your top priorities. With Taxi Herzogenaurach, you get a trusted, punctual, and friendly service tailored to your needs. Don't leave your airport transfer to chance—book ahead and start your journey stress-free. Whether you're traveling solo or with a group, the ride from Herzogenaurach to Nuremberg Airport doesn't get easier than this. Yes, Taxi Herzogenaurach offers 24/7 service. Just book in advance for late-night or early morning pickups. If you've provided your flight number, the driver will monitor delays and adjust pickup time accordingly. Absolutely. Fixed pricing is available and confirmed at the time of booking — no hidden charges. Yes, minibuses and vans are available for up to 8 passengers with luggage. You can pay with cash, credit/debit card, or even via mobile payment apps depending on your preference. TIME BUSINESS NEWS
