Friday, July 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Lyft’s Rough Riders, Planet Fitness Blasts Off & Hobson’s Choice

by Joseph Hargett
November 9, 2022
in Markets
Reading Time: 9 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


Lyft: A Not-So-Easy Rider

Great Ones, when I am traveling and, oh, my jetlag, so weary.

When taxis drive by, and my luggage burdened be. Then, I am still, and I wait here with my smartphone, until you come and stop in front of me…

What I'd miss keep Greatness flowing meme

You Lyft (Nasdaq: LYFT) me up, so I can get to my hotel room.

You Lyft me up to tackle rush hour traffic.

I am strong, when I am in your Lyft Lux rides. You Lyft me up to more than I can be.

Is … is that … is that Josh Groban?

Yes. Yes, it is.

Are you OK?

Perfectly fine, Great Ones. For one, I don’t control the jukebox in my head — so we get weird stuff like this on occasion.

On occasion? Riiiight.

And for two, I am kinda sad that my favorite ride-hailing company is struggling … and I needed a bit of inspiration. Josh Groban kinda hits the right spot, you know?

To clarify, Lyft is my favorite ride-hailing company to ride in — not invest in. I wouldn’t invest in either Lyft or Uber (NYSE: UBER) right now. The ride-hailing market is just … weird and unprofitable right now.

Case in point, bright and early this morning, Lyft disappointed Wall Street with its Q3 report. Here are the headline numbers:

  • Earnings per share: $0.10 versus $0.07 expected.
  • Revenue: $1.054 billion versus $1.056 billion expected.

Taking a deeper look at Lyft’s report, we find that revenue jumped 22% from 2021, adjusted earnings spiked 106% from last year and active riders rose 7% year over year.

Sounds like a pretty solid report from Lyft, right? So why did Lyft stock plunge more than 21% today?

As usual, Great Ones, the devil is in the details…

First, Lyft’s active riders only grew 2% from Q2, which many analysts said was far too little growth. In fact, Lyft isn’t even at pre-pandemic rider levels yet … unlike rival Uber. Furthermore, Lyft is still struggling to get back to pre-pandemic driver levels as well … unlike rival Uber.

Finally, Lyft’s Q4 revenue projections were below Wall Street’s expectations. The company said that historically low ride-shares in November and December will impact Q4 results … and that October has been its best month for ridership.

Yes, the same October that let Lyft down this Q3. And that ridership is going to fall through the rest of the year.

“Although we have some concerns about the pace and breadth of Lyft’s broader post-pandemic revenue recovery, the company has done a solid job monetizing its Active Rider base over the past few quarters,” said D.A. Davidson Analyst Tom White.

Yes, Lyft apparently has a very loyal rider base … including yours truly. But that rider base isn’t growing as fast as Lyft would like.

Lyft drivers you guys are getting paid meme

Now, I can’t quite tell you why I like Lyft better than Uber for rides. It could be because I never wait for Lyft rides as opposed to Uber. It could be that the Lyft drivers I’ve had have all been quiet. I don’t like a lot of chatter. Just pick me up and drop me off, please.

It could be that I’m just being contrarian and stubbornly supporting the underdog once again.

The fact of the matter is nearly all of the reasons I like Lyft are more than likely the reasons why Lyft is struggling — except for the “drivers talking” part, that is.

Despite its seemingly catchier name, Lyft wasn’t the first mover in the ride-hailing market. That was Uber. And because of that, Uber is now the default household name for ride-hailing. It’s like Xerox back in the day … or Band-Aid … or Kleenex … or Google. You get the picture.

For Uber, that is a massive advantage. Heck, even I say “I’ll call an Uber,” even though I’m using Lyft.

So while I and many others trust Lyft to Lyft us up so we can hike up mountains … the company needs something else to help it be more than it can be, so to speak.

The bottom line is to avoid LYFT stock for now … but keep an eye on it to see just how well it handles the economic firestorm on the horizon. If it can survive the next year, it might be worth your investment dollars.

Until then, check this out:

On November 15, at 8 p.m. ET, Mike Carr is going to show you a single, repeatable trade you can make every week to target gains of 100% or more every time you trade it.

Making this same trade has resulted in top gains this year of 83%, 95%, 115% and 140% — each in 24 hours or less.

And the track record is way up in 2022, even as the market has fallen.

You can click this link and automatically sign up right now.

Going, Going...Gone!

The Good: It Came From Planet Claire

what gym Gary Oak Pokemon all of them meme

Er … Fitness. I know it came from Planet Fitness (NYSE: PLNT).

It drove an earnings rally … faster than the speed of liiiight.

Get. To. The. Point!

From what the company’s management says, Planet Fitness is continuing its “steady recovery from the pandemic.” But according to the actual earnings report? Planet Fitness is already back to full strength — and then some.

The purple-and-yellow gym chain just reached an all-time record of 16.6 million members. Revenue grew across the board, from franchise locations, corporate-owned stores and even equipment sales.

While sales and earnings both beat expectations, it’s Planet Fitness’ own expectations that get my attention.

Planet Fitness upped its revenue growth guidance from the mid-50% range to the high-50% range. Better still, the company expects earnings to grow in the mid-90% range. Dang.

According to the press release:

Members trends remained strong in the quarter with joins back to historical pre-pandemic seasonality. Also, members who are visiting the gym continue to visit more frequently, and cancels are lower compared to 2019.

And all this is before the post-holiday shame and New Year’s resolution subscriptions start. There’s a reason why PLNT stock shot up 12% today.

What’s that I hear? Yup, that’s the sound of Peloton becoming less and less relevant.

The Bad: How About Take-Three?

Take-Two blowing billions on Zynga meme

So Planet Fitness has been killin’ it in the gym all quarter long … but as for video game maker Take-Two Interactive (Nasdaq: TTWO)? Well, Take-Two was breaking its back on its own whale-hunting quest…

Come again, Moby Dick?

You know, whales … the few but mighty spenders that keep mobile games afloat? As Take-Two CEO Strauss Zelnick explains:

Ninety to 95% of mobile customers never spend anything at all in game. So it stands to reason that when fuel and food are more expensive — and especially after having been home for a couple of years where you were over indexing on digital entertainment — that this might be a time for the consumer to pull back on spending a bit.

So it also stands to reason that Take-Two’s earnings were absolute whale$@!%.

Those 5% of mobile gamers who actually waste money on Farmville just aren’t spending as much … and why would they? Have you seen the price of Hot Pockets and Mountain Dew lately? Jeez.

Sure, Take-Two’s console and PC efforts are going along swimmingly … after all, it’s the king of milking Grand Theft Auto Online for everything it’s worth. Net bookings didn’t grow 53% year over year for nothing, but full-year guidance is another story, showing the impact of mobile gaming declines.

Take-Two only expects to bring in $5.4 billion to $5.5 billion in net bookings for the full fiscal year, whereas the company previously predicted revenue between $5.8 billion and $5.9 billion.

But according to Zelnick, though: “This is not games not performing.” Make of that what you will.

Kiss Your Money Goodbye

Wall Street legend Ian King believes this will be “the biggest, the most far-reaching, most consequential plot in American history.” One that will destroy the value of the dollar — and leave millions of Americans destitute.

See the simple steps you can take now to protect yourself.        

The Ugly: Choose Your Own Ugly Adventure

Twitter paywall vs AMC zoom meeting path meme

Great Ones, it’s time to pick your poison. Time to vote for the absolute worst, most ridiculous, most boneheaded idea of the week. Ready?

Your first choice: Zoom meetings … in a movie theater. Thanks, AMC (NYSE: AMC).

Have you ever been chilling in your home office, getting some work done and thought to yourself: I’d love to be in a huge dark theater with these people while some disembodied execs talk business at us from a 50-foot screen?

I mean, does anyone remember that Apple commercial from a few years ago? Terrifying.

AMC wants to offer you the chance to hold 75- to 100-person meetings that combine “the excellent experience of Zoom with the comfort and state-of-the-art sight and sound technology of AMC’s modern and centrally located theatres.”

“Comfort” is a rather grandiose term for having your shoes stick to every surface as you fight a poorly functioning flip-up seat … but hey, if there’s nachos and mozz sticks, I might be convinced.

Also … is this supposed to be productive? Like, to anyone? Have y’all been in a movie theater before? Do you have to use an iClicker to chime in lecture hall style? That said, you get a document up on that screen, and you are seriously looking at that document…

So that’s one bizarre idea to be birthed from the boardroom … but is it a worse idea than Elon’s next big-brained move? Let’s see…

Your second choice: If you weren’t already confused by the Musky dumpster fire over at Twitter HQ, here’s some more fuel. How about we paywall Twitter? Like, all of it.

With Twitter’s advertisers pulling away due to Elon being Elon — you know, like firing hordes of Twitter employees and then trying to get them back onboard once the layoffs went too far — the company is trying to drum up cash any which way.

Pay-to-play identity verification wasn’t enough, apparently, so rumors say you might have to pay to use Twitter full stop. These are mere rumors right now … but seeing how “well” the Twitter takeover has gone so far, I wouldn’t put it past Musk.

Alright, time to vote. Which do you think is the stupider idea: Zoom meetings coming to a theater near you or paywalling all of Twitter?

Let me know in the inbox below. And if you ever have a stock or investing idea you’d like to see Great Stuff cover, let us know at: [email protected].

And if you have that burning yearning that only more Great Stuff can satisfy, you should check out our deets here:

Regards,
Joseph Hargett. Editor of Great Stuff

Joseph Hargett
Editor, Great Stuff





Source link

Tags: blastsChoicefitnessHobsonsLyftsPlanetridersrough
Previous Post

Ukraine president says he’s open to talks with Russia while reiterating Kyiv’s key conditions

Next Post

The Middle Class Wealth Boom Is Over—According To Bloomberg

Related Posts

Huntington Ingalls upgraded at TD Cowen on contract momentum, margin upside (HII:NYSE)

Huntington Ingalls upgraded at TD Cowen on contract momentum, margin upside (HII:NYSE)

by Rob Williams
July 10, 2025
0

serengeti130/E+ through Getty PhotosHuntington Ingalls Industries (NYSE:HII), the largest U.S. navy shipbuilder, on Thursday was upgraded to Purchase from a...

Delta Air Lines (DAL) gains on strong Q2 2025 performance

Delta Air Lines (DAL) gains on strong Q2 2025 performance

by Staff Correspondent
July 11, 2025
0

Shares of Delta Air Traces (NYSE: DAL) rose 12% on Thursday after the corporate delivered robust outcomes for the second...

Pentagon to become largest shareholder in rare earth magnet maker MP Materials

Pentagon to become largest shareholder in rare earth magnet maker MP Materials

by Spencer Kimball
July 10, 2025
0

The Protection Division will turn out to be the most important shareholder in uncommon earth miner MP Supplies after agreeing...

Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show

Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show

by Jeff Cox
July 10, 2025
0

Federal Reserve officers diverged at their June assembly about how aggressively they'd be prepared to chop rates of interest, break...

America’s Achilles’ Heel in the AI Race

America’s Achilles’ Heel in the AI Race

by Ian King
July 10, 2025
0

If you happen to’ve ever watched or performed water polo, you recognize that matches contain two drastically completely different battles....

6 Steps to Creating a Home Inventory — Before It’s Too Late

6 Steps to Creating a Home Inventory — Before It’s Too Late

by B.T. Ballenger
July 9, 2025
0

Studio Romantic / Shutterstock.comPromoting Disclosure: Whenever you purchase one thing by clicking hyperlinks inside this text, we might earn a...

Next Post
The Middle Class Wealth Boom Is Over—According To Bloomberg

The Middle Class Wealth Boom Is Over—According To Bloomberg

FTX Bankruptcy Rumors Crash Markets- Top 3 Coins to Buy Pronto

FTX Bankruptcy Rumors Crash Markets- Top 3 Coins to Buy Pronto

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Corn Sticking Close to Unchanged at Midday

Corn Sticking Close to Unchanged at Midday

July 11, 2025
Apple iPhone 16e, Samsung Galaxy S24 Ultra, OnePlus Nord 5

Apple iPhone 16e, Samsung Galaxy S24 Ultra, OnePlus Nord 5

July 11, 2025
Bangladeshi rap, memes helped oust Hasina — now they’re reshaping politics | Protests

Bangladeshi rap, memes helped oust Hasina — now they’re reshaping politics | Protests

July 11, 2025
Google’s Veo 3 in Gemini Upgraded With Image to Video Generation Capability

Google’s Veo 3 in Gemini Upgraded With Image to Video Generation Capability

July 11, 2025
Remixpoint CEO to Receive Entire Salary in Bitcoin

Remixpoint CEO to Receive Entire Salary in Bitcoin

July 11, 2025
OpenAI Faces IRS Complaint Over Alleged Tax Violations

OpenAI Faces IRS Complaint Over Alleged Tax Violations

July 11, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Corn Sticking Close to Unchanged at Midday

Apple iPhone 16e, Samsung Galaxy S24 Ultra, OnePlus Nord 5

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In