Lyft Q4'23 Adj EBITDA $66.6M vs -$248.3M YoY; guides FY'24 first positive FCF

Lyft, Inc.

2023-FY EPS reported -$0.88 revenue$4,403,589,000

Q4 revenue $1.2B (+4% YoY); net loss $26.3M improved from $588.1M loss in Q4'22.
Full-year 2023 Adj EBITDA $222.4M vs -$416.5M in 2022; Gross Bookings $13.8B (+14%).
Q1'24 guidance: Gross Bookings $3.5-3.6B, Adj EBITDA $50-55M (~1.4-1.5% margin).
FY'24 sees ~500bps Adj EBITDA margin expansion and first full-year positive FCF (half of EBITDA converting).
Active Riders 22.4M (+10% YoY); Q4 rides 191M (+26%); full-year 709M rides.

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 the quarter and fiscal year ended December 31, 2023 results: revenue $1.2 billion, net income Net loss of $26.3 million.

Period: the quarter and fiscal year ended December 31, 2023
Revenue: $1.2 billion
Net income: Net loss of $26.3 million
Result: reported results

Exact text from the filing

expansion and our first full-year of positive free cash flow.” Fourth Quarter 2023 Financial Highlights • Gross Bookings of $3.7 billion grew 17% year-over-year. • Revenue of $1.2 billion grew 4% year-over-year. • Net loss of $26.3 million compares with a net loss $588.1 million in Q4’22. Net loss includes $93.3 million of stock-based compensation and related

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Source: SEC EDGAR

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