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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Tim Stenebeck, and we're joined by a Bloomberg News

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Speaker 1: cross asset reporter, Emily Grafeo. She's out in San Francisco

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Speaker 1: and she has been watching everything happening in today's session

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Speaker 1: and also the after hours. Emily, what is on your radar?

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Speaker 3: Okay, So I'm looking at shares of Lift right now

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Speaker 3: because in the post market they're up almost eight percent.

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Speaker 3: They reported better than expected gross bookings in the first

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Speaker 3: quarter of four point one six billion, and also writers

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Speaker 3: increased sixteen percent from a year earlier. The reason why

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Speaker 3: I'm flagging this one is because this is a really

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Speaker 3: sharp contrast to the results that we saw from Uber.

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Speaker 3: Uber just the other day posted slower than expected gross

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Speaker 3: bookings and they had cited a decline in US inbound travel.

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Speaker 3: So less tourists coming into the US, less people taking Ubers,

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Speaker 3: I guess, now more people taking Lyft. Now, Tim, you

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Speaker 3: probably knew this, but I actually didn't realize how much

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Speaker 3: smaller in size Lift is. Their market cap is about

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Speaker 3: five billion compared to Ubers, which is one hundred and

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Speaker 3: seventy two billion, So they're often referred to as competitors,

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Speaker 3: but Lyft is a small cap stock essentially yeah.

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Speaker 1: I mean, look, I think if you think globally, Uber

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Speaker 1: has a much bigger global footprint, even though over the

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Speaker 1: last few years under darak Kozershahi it has shed some

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Speaker 1: of those international business, says, Lyft is still so focused

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Speaker 1: on the US. But I think in the US market,

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Speaker 1: which is a huge market, don't you know. Make no mistake,

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Speaker 1: these two things are essentially commodities. I mean, are you

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Speaker 1: a Uber person or you a Lift person? What are you?

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Speaker 2: So?

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Speaker 3: I'm a person that every time I need a ride,

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Speaker 3: I just open both of the app.

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Speaker 1: There we go.

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Speaker 3: Whichever one is cheaper, I just pick it. I'm not

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Speaker 3: really brand loyal to these companies. I mean I have

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Speaker 3: both apps on my phone. It's interesting also when you

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Speaker 3: look at the stock performances, because Lift was essentially flat

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Speaker 3: year to date, it was actually outperforming the small cap index,

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Speaker 3: which is down year today the Russell and then Uber

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Speaker 3: is up thirty six percent year to date, so I

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Speaker 3: mean these are Yeah, they're competitors, but at least for

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Speaker 3: this year, like Uber's doing better more broadly, but right

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Speaker 3: now for earnings, lift is ahead.

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Speaker 1: You illustrated my point perfectly about these things being commodities

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Speaker 1: when you said you open both of them to see

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Speaker 1: which one is cheaper. Hey, real quick. When you come

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Speaker 1: back to New York, you land at the airport, the

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Speaker 1: local secret is to get a yellow cab because there's

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Speaker 1: not a line there and you don't have to drive

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Speaker 1: or walk very far to get an uber lyft. That's

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Speaker 1: just what I do. I don't know what you do.

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Speaker 3: That's true. Now. I do like the like convenience of

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Speaker 3: just being able to out of the airport and then

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Speaker 3: get in a vehicle and then like, I don't know,

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Speaker 3: I just like hate the act of waiting for the

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Speaker 3: car to pull up but not knowing where it is

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Speaker 3: and you know, a little impatient.

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Speaker 1: Yeah, these are the problems of the travelers. I guess, okay, Well,

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Speaker 1: app Lovin another company that is that you're looking at today.

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Speaker 1: What's going on with Apple Lovin?

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Speaker 2: Yes?

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Speaker 3: So in the regular trading session it rose twelve percent.

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Speaker 3: They had pretty good earnings. The company reported EPs and

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Speaker 3: sales above estimates. This is an AI powered advertising tech platform.

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Speaker 2: EPs beat.

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Speaker 3: Revenue of one point four to eight billion also beat,

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Speaker 3: And this was really interesting from the street. There were

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Speaker 3: a lot of positive comments from Wall Street. Sometimes after

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Speaker 3: earnings people have really strong opinions about companies. William Blair said,

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Speaker 3: we have covered technology stocks for nearly twenty five years

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Speaker 3: and have never covered a company with this margin profile. Wow,

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Speaker 3: So keep an eye on the margins here from app Lovin, again,

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Speaker 3: this is an AI play. They also agreed to sell

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Speaker 3: their mobile gaming business to Triple Dot Studios in a

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Speaker 3: deal worth four hundred million. So the momentum today in

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Speaker 3: the stock seemed to be both related to that deal

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Speaker 3: news and then also the better than expected earnings and

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Speaker 3: margin excitement.

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Speaker 1: Tim, can I just remind everybody that this stock rose

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Speaker 1: seven hundred percent in twenty twenty four and in twenty

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Speaker 1: twenty three was up two hundred and seventy eight percent.

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Speaker 3: Yeah, that's wild, that's wild.

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Speaker 1: Okay. Coinbase Crypto, what's going on?

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Speaker 3: Yes, So today in the regular trading session, Coinbase was

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Speaker 3: moving higher, but today it reported earning, So now in

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Speaker 3: the postmarket trade it's down about three percent. Currently, their

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Speaker 3: first quarter total revenue, and then their second quarter forecast

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Speaker 3: for subscription and services revenue missed estimates. We know this

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Speaker 3: earning season, it's kind of all about what are these

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Speaker 3: companies expecting going forward as tariffs and the trade war

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Speaker 3: continue to roil their way through markets and the economy.

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Speaker 3: They see subscription and services revenue six hundred million to

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Speaker 3: six one hundred and eighty million versus estimates of seven

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Speaker 3: hundred seven h seven point eight million. This is a

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Speaker 3: cryptocurrency exchange, but just like a lot of companies, this

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Speaker 3: is not the market where investors are rewarding stocks that

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Speaker 3: miss on the guidance. That's been really important this earning season.

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Speaker 3: The company also got a boost today in the regular

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Speaker 3: trading session because Bitcoin had such a great trade today.

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Speaker 3: It topped one hundred thousand for the first time in

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Speaker 3: several weeks, and often we see when bitcoin does well,

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Speaker 3: the crypto link stocks like exchanges do well.

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