secwatch.observer — SEC 8-K summary
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Issuer:     Lyft, Inc. (LYFT)
CIK:        0001759509
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001759509-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759509/000175950924000011/0001759509-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759509/000175950924000011/lyft-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001759509-24-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer