---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-22-000077"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:39:14.228485+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lyft Q3 revenue all-time high $1.05B, Adj EBITDA $66.2M above outlook; $420M credit facility

## Summary
- Q3 revenue $1.054B (+22% YoY); net loss $422.2M including $224M stock-based comp and $135.7M impairment.
- Adjusted EBITDA $66.2M exceeded $55-65M outlook; adjusted net income $36.7M vs $17.8M YoY.
- Active Riders 20.3M (+7.2% YoY), revenue per active rider $51.88 (+13.7% YoY).
- Q4 outlook: revenue $1.145-1.165B, Adj EBITDA $80-100M (7-9% margin).
- New $420M secured revolving credit facility matures Nov 2027; covenants include min liquidity $1.5B.

## SEC filing metadata
- accession: 0001759509-22-000077
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950922000077/0001759509-22-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950922000077/lyft-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-22-000077
- JSON: https://secwatch.observer/filing/0001759509-22-000077.json
- Plain text: https://secwatch.observer/filing/0001759509-22-000077.txt

## Key facts
- Debt Financings
  Lyft, Inc. incurred revolving credit of $420.0 million with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto at Adjusted Term SOFR Rate plus a variable rate based on the Company’s total levera maturing the earlier of (i) November 3, 2027 and (ii) February 13, 2025.
  - Instrument: revolving credit
  - Principal: $420.0 million
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto
  - Rate: Adjusted Term SOFR Rate plus a variable rate based on the Company’s total levera
  - Maturity: the earlier of (i) November 3, 2027 and (ii) February 13, 2025
  - Event: incurrence
  source text: On November 3, 2022, Lyft, Inc. (the “Company” or "Lyft") entered into a Revolving Credit Agreement (the “Credit Agreement”) by and among the Company, as the borrower, JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto from time to time. The Credit Agreement provides the Company with a senior secured revolving credit facility (the “Revolving Credit Facility”) in an aggregate principal amount of $420.0 million that matures on the earlier of (i) November 3, 2027 and (ii) February 13, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950922000077/0001759509-22-000077-index.htm
- Earnings Releases
  Lyft, Inc. reported the quarter ended September 30, 2022 results: revenue $1.05 billion, net income $422.2 million. Guidance initiated.
  - Period: the quarter ended September 30, 2022
  - Revenue: $1.05 billion
  - Net income: $422.2 million
  - Guidance: initiated
  - Result: reported results
  source text: Lyft Announces Third Quarter Results Q3 revenue of $1.05 billion was an all-time high Q3 net loss of $422.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950922000077/0001759509-22-000077-index.htm
- Material Agreements
  Lyft, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto valued at $420.0 million (effective 2022-11-03).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto
  - Value: $420.0 million
  - Effective: 2022-11-03
  source text: On November 3, 2022, Lyft, Inc. (the “Company” or "Lyft") entered into a Revolving Credit Agreement (the “Credit Agreement”) by and among the Company, as the borrower, JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto from time to time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950922000077/0001759509-22-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.