---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-23-000056"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:34:45.691065+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001759509-23-000056
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000056/0001759509-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000056/lyft-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-23-000056
- JSON: https://secwatch.observer/filing/0001759509-23-000056.json
- Plain text: https://secwatch.observer/filing/0001759509-23-000056.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000056/0001759509-23-000056-index.htm
- Earnings Releases
  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
  source text: Revenue of approximately $1.0 billion and $1.02 billion • Adjusted EBITDA between $20 million and $30 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000056/0001759509-23-000056-index.htm

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