From CNBC: 2025-05-09 09:46:00

Lyft shares surged 20% after announcing a share buyback plan and exceeding gross booking expectations. CEO David Risher reassured investors on CNBC, citing strong team and consumer demand. Gross bookings rose 13% to $4.16 billion, with 16% more rides at 218.4 million. Q1 revenue reached $1.45 billion, with net income at $2.57 million. The board approved a $750 million share repurchase plan, targeting $500 million in the next year.



Read more at CNBC:: Lyft CEO says no signs of worry in the consumer