Lyft Q3 Adjusted EBITDA $92M, revenue $1.16B; guides Q4 EBITDA $50M-$60M

Lyft, Inc.

2023-Q3 EPS reported -$0.82 revenue$3,179,004,000

Q3 revenue $1.158B (+10% YoY); net loss narrowed to $12.1M from $114.3M in Q2 and $422.2M in Q3'22.
Adjusted EBITDA $92.0M (2.6% of $3.554B Gross Bookings), up from $41.0M Q2 and -$26.7M Q3'22.
Rides 187M (+20% YoY), Active Riders 22.4M (+10% YoY).
Introduced new metrics: Gross Bookings, Rides, and Adjusted EBITDA margin as % of Bookings.
Q4 outlook: Gross Bookings $3.6B-$3.7B; Adjusted EBITDA $50M-$60M; revenue mid-single digits QoQ.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lyft, Inc. reported third quarter ended September 30, 2023 results: revenue $1.158 billion, net income $12.1 million.

Period: third quarter ended September 30, 2023
Revenue: $1.158 billion
Net income: $12.1 million
Result: reported results

Exact text from the filing

healthy and profitable business that our customers love.” Third Quarter 2023 Financial Highlights • Gross Bookings of $3.554 billion was up 15% year-over-year. • Revenue of $1.158 billion was up 10% year-over-year. • Net loss of $12.1 million compares with $114.3 million in Q2’23 and $422.2 million in Q3’22. Net loss includes $100.4 million of stock-based

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Source: SEC EDGAR

accession 0001759509-23-000108

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