NASDAQ$LYFT

LYFT Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Lyft's Q3 2021 earnings were strong with revenue growing 73% year-over-year and net loss significantly narrowed. Adjusted EBITDA was profitable for the second consecutive quarter.

Lyft's Q3 2021 results showed strong growth with revenue increasing by 73% year-over-year to $864.4 million. The company significantly narrowed its net loss and achieved Adjusted EBITDA profitability for the second consecutive quarter. Driver supply improved materially, up nearly 45% versus last year.

  • Q3 revenue of $864.4 million grew 73% year-over-year.
  • Net loss significantly narrowed compared to the same period last year.
  • Adjusted EBITDA was profitable for the second consecutive quarter.
  • Driver supply materially improved in Q3, up nearly 45% versus last year.

Headline financials

Total Revenue

$864M

Previous: $500M+73.0%
EPS (adj)

$0.05

Previous: -$0.89+105.6%
Active Riders

18.9M

Previous: 12.5M+51.4%
Free Cash Flow

-$71.5M

Previous: -$460M+84.4%
Net Income

-$71.5M

Previous: -$460M+84.4%
Operating Income

-$177M

Previous: -$453M+61.0%
Gross Profit

$500M

Previous: $238M+110.1%
Cash & Equivalents

$728M

Previous: $425M+71.5%
Total Assets

$4.82B

Previous: $4.97B-2.9%
Stock-Based Comp

$198M

Previous: $167M+19.0%

Revenue & EPS history

Lyft · Revenue · Quarterly

$864M

Q3 2021+73%vs Q3 2020
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

Lyft anticipates its service levels will naturally improve in Q4 and lead to lower prices.

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 Q3 2021

Historical avgQ3 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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