NASDAQ$LYFT

LYFT Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Lyft's Q1 2022 financial results were announced, revealing a year-over-year revenue increase and a narrowed net loss.

Lyft's Q1 2022 showed strong performance with revenue reaching $875.6 million, a 44% increase year-over-year. The company also narrowed its net loss to $196.9 million and achieved an Adjusted EBITDA profit of $55 million.

  • Q1 revenue reached $875.6 million, reflecting a 44% year-over-year growth.
  • Net loss significantly narrowed by $230 million compared to Q1 2021.
  • Adjusted EBITDA was profitable at $55 million.
  • Rideshare ride volumes reached a new COVID high.

Headline financials

Total Revenue

$876M

Previous: $609M+43.8%
EPS (adj)

$0.07

Previous: -$0.35+120.0%
Active Riders

17.8M

Previous: 13.5M+31.9%
Free Cash Flow

-$197M

Previous: -$427M+53.9%
Net Income

-$197M

Previous: -$427M+53.9%
Operating Income

-$199M

Previous: -$416M+52.1%
Gross Profit

$435M

Previous: $197M+121.0%
Cash & Equivalents

$215M

Previous: $312M-31.2%
Total Assets

$4.77B

Previous: $4.55B+4.9%
Stock-Based Comp

$154M

Previous: $164M-6.4%

Revenue & EPS history

Lyft · Revenue · Quarterly

$876M

Q1 2022+43.8%vs Q1 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Lyft expects to strategically invest in key business initiatives to support continued growth. The company anticipates improvements in service levels to benefit the business in the near-term and to support increasing demand over the long-term.

Tailwinds

  • Continued improvements in service levels.
  • Strategic investments in key business initiatives.
  • Positioned to support increasing demand over the long-term.
  • Focus on improving transportation.
  • Aiming to improve people’s lives with the world’s best transportation.

Headwinds

  • Risks related to the ongoing impact of the COVID-19 pandemic on business and operations.
  • Risks regarding ability to forecast performance due to limited operating history and the COVID-19 pandemic.
  • Potential for actual results to differ materially from projected results.
  • Impact of business and government responses to the pandemic.
  • Uncertainties described in Lyft's filings with the SEC.

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 2022

Historical avgQ1 2022

-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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