LYFT IncRevenue of $1.65 billion beat forecasts by 1% and EBITDA guidance topped expectations.
Uber reported first-quarter revenue of $13.2 billion, up 14.5% year on year but falling 0.8% short of analyst expectations, amid a mixed earnings season for the six gig economy stocks tracked by StockStory. The group's aggregate revenue was in line with consensus, yet next-quarter revenue guidance came in 4.7% below estimates, and share prices have dropped an average of 10.5% since reporting. Lyft was the standout, with revenue of $1.65 billion beating forecasts by 1% and EBITDA guidance topping expectations, while DoorDash posted the fastest revenue growth at 33.1% to $4.04 billion but missed estimates by 2.8%. Fiverr exceeded revenue and EBITDA forecasts despite a 1.6% revenue decline to $105.5 million, and Angi lagged with a 3.2% revenue drop to $238.2 million, missing expectations and seeing its stock fall 35%.
LYFT IncRevenue of $1.65 billion beat forecasts by 1% and EBITDA guidance topped expectations.
Fiverr International Ltd
ANGI Homeservices IncRevenue dropped 3.2% to $238.2 million, missing expectations, and stock fell 35%.
DoorDash, Inc. Class A Common StockRevenue grew 33.1% to $4.04 billion but missed estimates by 2.8%.
Uber Technologies IncRevenue rose 14.5% to $13.2 billion but missed analyst estimates by 0.8%.