NASDAQ$LYFT
LYFT Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Lyft's Q2 2023 financial results were announced, revealing a mix of growth and challenges as the company focuses on customer satisfaction and market expansion.
Lyft reported a 3% year-over-year increase in revenue to $1.021 billion, driven by an 18% increase in rideshare rides. The company's net loss was $114.3 million, an improvement compared to previous quarters. Adjusted EBITDA was $41.0 million, with a margin of 4.0%.
- Revenue increased by 3% year-over-year to $1.021 billion.
- Net loss improved to $114.3 million compared to $377.2 million in Q2 2022.
- Adjusted EBITDA was $41.0 million, a significant increase from $(196.3) million in Q2 2022.
- Rideshare rides grew by 18% year-over-year.
Headline financials
Revenue & EPS history
Lyft · Revenue · Quarterly
$1.02B
Forward guidance
Lyft anticipates Q3 2023 revenue between $1.130 billion and $1.150 billion, with Adjusted EBITDA between $75 million and $85 million and an Adjusted EBITDA Margin of approximately 7%.
Tailwinds
- Revenue of approximately $1.130 billion to $1.150 billion
- Adjusted EBITDA between $75 million and $85 million
- Adjusted EBITDA Margin of approximately 7%
- Strong ride momentum going into Q3 and the back half of the year
- Focus on delivering great experiences for drivers and riders
Headwinds
- Uncertainty regarding reconciling items such as stock-based compensation and income tax
- Reconciling items could have a significant effect on future GAAP results
- Limited operating history
- Macroeconomic environment
- Potential variability of reconciling items
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 Q2 2023
-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
| Quarter | Report date | Reaction (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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