NASDAQ$LYFT

LYFT Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Lyft reported strong Q1 2021 results, exceeding expectations due to increased demand and ongoing recovery.

Lyft's Q1 2021 revenue reached $609.0 million, a 7% increase quarter-over-quarter. The company reported a net loss of $427.3 million, including significant stock-based compensation and insurance-related expenses. Adjusted EBITDA loss improved to $73.0 million. The company had $2.2 billion in unrestricted cash, cash equivalents, and short-term investments at the end of the quarter.

  • Q1 revenue increased by 7% quarter-over-quarter to $609.0 million.
  • Net loss was $427.3 million, including $180.7 million in stock-based compensation and $128.0 million related to insurance liabilities.
  • Adjusted EBITDA loss improved to $73.0 million, significantly better than the company's outlook.
  • Lyft reported $2.2 billion in unrestricted cash, cash equivalents, and short-term investments.

Headline financials

Total Revenue

$609M

Previous: $956M-36.3%
EPS (adj)

-$0.35

Previous: -$0.32-9.4%
Active Riders

13.5M

Previous: 21.2M-36.4%
Free Cash Flow

-$427M

Previous: -$398M-7.4%
Net Income

-$427M

Previous: -$398M-7.4%
Operating Income

-$416M

Previous: -$414M-0.6%
Gross Profit

$197M

Previous: $413M-52.4%
Cash & Equivalents

$312M

Previous: $598M-47.8%
Total Assets

$4.55B

Previous: $5.57B-18.4%
Stock-Based Comp

$164M

Previous: $160M+2.7%

Revenue & EPS history

Lyft · Revenue · Quarterly

$609M

Q1 2021-36.3%vs Q1 2020
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.8%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-3.0%

Avg return

30 days after

43%

12 / 28 earnings

Positive

+32.2%

Q4 2023

Best reaction

-38.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.5%-3.7%-3.5%
Q4 2025-17.0%-21.2%-22.4%
Q3 2025+2.7%+20.4%+14.4%
Q1 2025+27.8%+29.7%+19.5%
Q4 2024-7.9%-6.7%-17.2%
Q3 2024+28.2%+34.7%+15.5%
Q2 2024-8.2%-11.5%+0.8%
Q1 2024+1.5%-1.9%-10.4%
Q4 2023+32.2%+44.4%+43.6%
Q3 2023-6.9%-9.8%+22.0%
Q2 2023-5.2%+3.7%-1.6%
Q1 2023-20.8%-20.8%-12.0%
Q4 2022-38.4%-35.8%-48.0%
Q3 2022-20.7%-7.6%-24.9%
Q2 2022+21.4%+11.7%-12.6%
Q1 2022-31.6%-34.9%-41.7%
Q4 2021+12.5%+2.3%-3.8%
Q3 2021+5.7%+15.4%-11.3%
Q2 2021-11.6%-6.4%-12.0%
Q1 2021-7.8%-12.3%-1.3%
Q4 2020+5.2%+7.9%+17.4%
Q3 2020-3.4%-0.4%+27.6%
Q2 2020-5.8%-11.4%+0.4%
Q1 2020+19.1%+17.5%+44.7%
Q4 2019-9.8%-16.8%-55.5%
Q3 2019-5.1%-1.9%+12.1%
Q2 2019+5.8%-4.3%-24.2%
Q1 2019-12.6%-15.7%+1.8%
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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