Lyft CEO says there are no signs of anxiety with the consumer

Lift The shares increased by 20 % on Friday after the ride participation company increased Share re -purchase Plans and publish the total reservations better than expected.

During an interview with CNBC’sSquawk box“CEO David Recyccher said that Lift does not see” anything that calls for concern “despite the wide fears of the consumer’s slowdown amid constant economic uncertainty.

“Our team is stronger than it was ever, and the consumer asked there completely,” he said.

The total number of reservations grew by 13 % for last year to $ 4.16 billion, winning a slightly $ 4.15 billion in the street. The company said that the quarter is the sixteenth period in a row of the total growth of reservations.

Horse riding increased by 16 % to 218.4 million, and exported to FactSet of 215.1 million.

Lyft 14 % revenues grew through The first quarter From a year ago to $ 1.45 billion, but less than $ 1.47 billion in LSEG. The company told a net income of $ 2.57 million, or 1 percent per share. This increases from a net loss of $ 31.54 million, or 8 cents per share, a year ago.

The Board of Directors also authorized the LYFT shares to $ 750 million from $ 500 million. The company said it aims to use $ 500 million during the next year.

The active capital told the investor on Friday that he would do so Stop its campaign In Lyft and withdraw its nominations to the company’s board of directors, noting the reports of shares.

“After a series of productive talks, the Board of Directors took a first important step through the commitment to re -create large shares in the coming quarters,” said the founder and director of the wallet Arnoud Alkhaller.

The shares of the ride participation of Uber decreased earlier this week after mixed publication The results of the first quarter.

Goldman Sachs promoted the shares to a purchase of a neutral classification after the report, citing horse riding, reservations growth and “strong implementation in the background of a stable industry.”