Lyft Q1 revenue $1.0B (+14% YoY), beats guidance; Adj. EBITDA $22.7M above range

Lyft, Inc.

2023-Q1 EPS reported -$0.50 revenue$1,000,548,000

Revenue of $1.0B, up 14% YoY and $26M above guidance midpoint of $975M.
Net loss of $187.6M (Q1'22: $196.9M); includes $186.6M stock-based compensation.
Adjusted EBITDA $22.7M exceeded guidance range of $5-$15M; Q1'22 was $54.8M.
Q2 guidance: revenue $1.0-$1.02B, Adjusted EBITDA $20-$30M (2%-3% margin).
CEO David Risher: rideshare ride growth accelerated YoY for first time in nearly two years.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lyft, Inc. reported first quarter ended March 31, 2023 results: revenue $1.0 billion, net income $187.6 million.

Period: first quarter ended March 31, 2023
Revenue: $1.0 billion
Net income: $187.6 million
Result: reported results

Exact text from the filing

Revenue of $1.0 billion, up 14% year-over-year, and $26 million better than our guidance of $975 million 1 , with the outperformance reflecting rideshare strength. • Net loss of $187.6 million compares with $196.9 million in Q1’22 and $588.1 million in Q4’22.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lyft, Inc. reported Q2 2023 results: revenue approximately $1.0 billion and $1.02 billion. Guidance initiated.

Period: Q2 2023
Revenue: approximately $1.0 billion and $1.02 billion
Guidance: initiated
Result: guidance update

Exact text from the filing

Revenue of approximately $1.0 billion and $1.02 billion • Adjusted EBITDA between $20 million and $30 million

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Source: SEC EDGAR

accession 0001759509-23-000056

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