Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>The third quarter 2024 financial results for Lyft, Inc. provide a complex picture of the company’s current standing and future outlook.</li><li>On the positive side, Lyft reported gross bookings exceeding $4.1 billion, marking a 16% year-over-year increase.</li><li>The company also saw strong demand across its services with a 9% growth in active riders and a 6% rise in ride frequency, propelled by various strategic initiatives such as the 'Price Lock' feature aimed at commuters.</li></ul>

The third quarter 2024 financial results for Lyft, Inc. provide a complex picture of the company’s current standing and future outlook.On the positive side, Lyft reported gross bookings exceeding $4.1 billion, marking a 16% year-over-year increase.The company also saw strong demand across its services with a 9% growth in active riders and a 6% rise in ride frequency, propelled by various strategic initiatives such as the 'Price Lock' feature aimed at commuters.

Lyft Inc.: How First-Party Data is Powering a Digital Advertising Revolution! - Major Drivers

<ul><li>Lyft, Inc. recently released its financial results for the second quarter of 2024, highlighting some significant milestones and challenges.</li><li>The quarter was notable as it marked the first instance of GAAP profitability for Lyft, signaling a robust measure of cost management and efficiency within the company.</li><li>However, this financial highlight comes amid various strategic shifts and external factors that could influence the company’s trajectory moving forward.</li></ul>

Lyft, Inc. recently released its financial results for the second quarter of 2024, highlighting some significant milestones and challenges.The quarter was notable as it marked the first instance of GAAP profitability for Lyft, signaling a robust measure of cost management and efficiency within the company.However, this financial highlight comes amid various strategic shifts and external factors that could influence the company’s trajectory moving forward.

Lyft Inc.: Expansion of Serviceable Addressable Market Driving Our Optimism! - Major Drivers

<ul><li>Lyft's first quarter of 2024 exhibited a robust start, underpinned by notable growth across several key parameters indicative of a thriving ridesharing business in both the U.S. and Canadian markets.</li><li>Revenues, gross bookings, and the total number of rides all recorded substantial increases year over year.</li><li>The implementation of strategic changes and enhancements in the service and operational model seems to have borne fruit, reflecting in the reported financial figures and operational metrics.</li></ul>

Lyft's first quarter of 2024 exhibited a robust start, underpinned by notable growth across several key parameters indicative of a thriving ridesharing business in both the U.S. and Canadian markets.Revenues, gross bookings, and the total number of rides all recorded substantial increases year over year.The implementation of strategic changes and enhancements in the service and operational model seems to have borne fruit, reflecting in the reported financial figures and operational metrics.

Lyft Inc.: Optimization of Supply and Demand through Price and Incentives Management! - Major Drivers

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>
<a href="https://www.smartkarma.com/entities/didi-chuxing-inc" target="_blank" data-smartkarma-citation="entities:27467:1" rel="noopener">DiDi Global (DIDI US)</a> has begun to generate positive EBITDA after several challenging years post-IPO.  With a high degree of operating leverage, the company is poised to grow quickly.
</li>
<li>Didi which maintains a 70% market share in the ride-hailing industry in China is expanding into Tier 3 cities where there is a large untapped opportunity.</li>
<li>The company has indicated that it wants to list in Hong Kong in 2025 providing a catalyst for share price re-rating next year.</li>
</ul>



DiDi Global (DIDI US) has begun to generate positive EBITDA after several challenging years post-IPO.  With a high degree of operating leverage, the company is poised to grow quickly.

Didi which maintains a 70% market share in the ride-hailing industry in China is expanding into Tier 3 cities where there is a large untapped opportunity.
The company has indicated that it wants to list in Hong Kong in 2025 providing a catalyst for share price re-rating next year.


2025 High Conviction Idea - DIDI Global, Smooth Ride to Higher Profits

<ul><li>Lyft's positive financial performance and future expectations make it an attractive investment opportunity.</li><li>Lyft's 2023 performance was marked by significant growth in the company's rideshare service, with gross bookings reaching an all-time high, ride growth accelerating each quarter and ending the year up 26% in Q4.</li><li>This growth demonstrates the strong demand for Lyft's service, which bodes well for its future performance.</li></ul>

Lyft's positive financial performance and future expectations make it an attractive investment opportunity.Lyft's 2023 performance was marked by significant growth in the company's rideshare service, with gross bookings reaching an all-time high, ride growth accelerating each quarter and ending the year up 26% in Q4.This growth demonstrates the strong demand for Lyft's service, which bodes well for its future performance.

Lyft Inc: Expanding Portfolio through Strategic Partnerships & 5 Major Growth Drivers! - Financial Forecasts

United States

Lyft, Inc. provides online ridesharing services. The Company offers ride booking, payment processing, and car transportation services. Lyft serves customers in the United States.

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Lyft (LYFT US)

Lyft Inc.: How First-Party Data is Powering a Digital Advertising Revolution! - Major Drivers

The third quarter 2024 financial results for Lyft, Inc. provide a complex picture of the company’s current standing and future outlook. On the...

Baptista Research

Lyft Inc.: Expansion of Serviceable Addressable Market Driving Our Optimism! - Major Drivers

Lyft, Inc. recently released its financial results for the second quarter of 2024, highlighting some significant milestones and challenges. The...

Baptista Research

Lyft Inc.: Optimization of Supply and Demand through Price and Incentives Management! - Major Drivers

Lyft's first quarter of 2024 exhibited a robust start, underpinned by notable growth across several key parameters indicative of a thriving...

Baptista Research

2025 High Conviction Idea - DIDI Global, Smooth Ride to Higher Profits

Didi Global has become EBITDA positive and is expanding rapidly into Tier 3 cities where it has an technical and market share advantage. The...

David Mudd

Lyft Inc: Expanding Portfolio through Strategic Partnerships & 5 Major Growth Drivers! - Financial Forecasts

Lyft's positive financial performance and future expectations make it an attractive investment opportunity. Lyft's 2023 performance was marked by...

Baptista Research

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