Lyft amends 8-K to correct FY2024 outlook; Q4 Adj EBITDA $66.6M, net loss narrows

Lyft, Inc.

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

Corrected FY2024 outlook: rides growth mid-teens, Gross Bookings slightly faster, Adj EBITDA margin +50bps YoY.
Q4 2023: Revenue $1.2B (+4% YoY), Net loss $26.3M vs $588.1M loss, Adj EBITDA $66.6M.
FY2023: Revenue $4.4B (+8% YoY), Net loss $340.3M vs $1.6B, Adj EBITDA $222.4M.
Q1'24 outlook: Gross Bookings ~$3.5-3.6B, Adj EBITDA $50-55M.
First-time positive free cash flow expected in FY2024; Investor Day June 6, 2024.

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 0.4

Lyft, Inc. reported financial results for the fourth quarter and full-year ended December 31, 2023.

Period: the fourth quarter and full-year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 13, 2024 , Lyft, Inc. (the “Company” or “Lyft”) issued a press release announcing its financial results for the quarter and fiscal year ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein.

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Source: SEC EDGAR

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