Lyft Q2 revenue $1.02B (+3% YoY); net loss narrows to $114.3M; Q3 guidance $1.13-1.15B

Lyft, Inc.

2023-Q2 EPS reported -$0.80 revenue$2,021,454,000

Revenue $1,021M (+3% YoY); rides up 18% YoY; net loss $114.3M, improved from $377.2M in Q2'22.
Adjusted EBITDA $41.0M (4.0% margin) vs -$196.3M in Q2'22; Q3 guided $75-85M (margin ~7%).
Stock-based compensation and related taxes $116.6M included in net loss.
CEO David Risher highlights second-highest standard rides ever and customer focus.
Q3'23 revenue outlook $1,130-1,150M; adjusted EBITDA $75-85M.

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 1.0

Lyft, Inc. reported second quarter ended June 30, 2023 results: revenue $1.021 billion, net income $114.3 million.

Period: second quarter ended June 30, 2023
Revenue: $1.021 billion
Net income: $114.3 million
Result: reported results

Exact text from the filing

and focused on delivering great experiences for drivers and riders. We’ve got lots more to do to build on our progress.” Second Quarter 2023 Financial Highlights • Revenue of $1.021 billion was up 3% year-over-year, reflecting strong growth in rideshare rides, up 18% year-over-year. • Net loss of $114.3 million compares with $187.6 million in Q1’23 and $377.2

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Source: SEC EDGAR

accession 0001759509-23-000091

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