Lyft closes 28% higher after issuing buyback and posting bookings growth

Lyft CEO David Risher poses for a portrait in New York City, U.S., April 16, 2025. Lyft shares climbed 28% Friday after the ride-sharing company upped its share buyback plan and posted better-than-expected gross bookings. The stock notched its best day since February 2024. During an interview with CNBC's "Squawk Box," CEO David Risher said that Lyft isn't seeing "anything to worry about" despite widespread concerns of a slowing consumer amid ongoing economic uncertainty. "Our team is stronger than it's ever been, and the consumer demand is absolutely there," he said. Gross bookings grew 13% from a year ago to $4.16 billion, slightly beating a $4.15 billion estimate from StreetAccount. The company said the quarter was its 16th straight period of gross bookings growth. Rides increased 16% to 218.4 million, topping a FactSet estimate of 215.1 million. ... Read full article.