---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-24-000064"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:27:46.233987+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lyft Q1 revenue up 28% YoY to $1.3B; net loss narrows; raises FY free cash flow guidance

## Summary
- Gross Bookings $3.7B (+21% YoY); revenue $1.3B (+28% YoY); net loss $31.5M narrowed from $187.6M loss in Q1'23.
- Adjusted EBITDA $59.4M (1.6% margin) vs $22.7M in Q1'23; Q2 guidance Adj EBITDA $95-100M (margin ~2.4%).
- Rides 188M (+23% YoY), active riders 21.9M (+12% YoY); driver earnings commitment launched in Feb improved perceptions.
- FY 2024 free cash flow conversion guidance raised: expects at least 70% of Adjusted EBITDA to convert, up from prior expectation.

## SEC filing metadata
- accession: 0001759509-24-000064
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000064/0001759509-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000064/lyft-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-24-000064
- JSON: https://secwatch.observer/filing/0001759509-24-000064.json
- Plain text: https://secwatch.observer/filing/0001759509-24-000064.txt

## Key facts
- Earnings Releases
  Lyft, Inc. reported the quarter ended March 31, 2024 results: revenue $1.3 billion, net income Net loss of $31.5 million. Guidance raised.
  - Period: the quarter ended March 31, 2024
  - Revenue: $1.3 billion
  - Net income: Net loss of $31.5 million
  - Guidance: raised
  - Result: reported results
  source text: with an improved outlook for our full-year free cash flow.” First Quarter 2024 Financial Highlights: • Gross Bookings of $3.7 billion was up 21% year-over-year. • Revenue of $1.3 billion was up 28% year-over-year. • Net loss of $31.5 million compares with $187.6 million in Q1’23. Net loss includes $87.5 million of stock-based compensation and related payroll tax
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000064/0001759509-24-000064-index.htm

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