Q1 Gig Economy Earnings Review: First Prize Goes to Lyft (NASDAQ:LYFT) [Yahoo! Finance]
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DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
Let's take a look at how Lyft (NASDAQ:LYFT) and the rest of the gig economy stocks fared in Q1. The iPhone changed the world, ushering in the era of the “always-on” internet and “on-demand” services - anything someone could want is just a few taps away. Likewise, the gig economy sprang up in a similar fashion, with a proliferation of tech-enabled freelance labor marketplaces, which work hand and hand with many on demand services. Individuals can now work on demand too. What began with tech enabled platforms that aggregated riders and drivers has expanded over the past decade to include food delivery, groceries, and now even a plumber or graphic designer are all just a few taps away. The 5 gig economy stocks we track reported an ok Q1; on average, revenues beat analyst consensus estimates by 3.3%. while next quarter's revenue guidance was in line with consensus. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end o
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DASH
Earnings
- 8/1/24 - Miss
DASH
Sec Filings
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- DASH's page on the SEC website