---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-24-000011"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:32:39.077328+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001759509-24-000011
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000011/0001759509-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000011/lyft-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-24-000011
- JSON: https://secwatch.observer/filing/0001759509-24-000011.json
- Plain text: https://secwatch.observer/filing/0001759509-24-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000011/0001759509-24-000011-index.htm

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