NASDAQ$LYFT
LYFT Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Lyft's Q3 2023 financial results were announced, highlighting growth in gross bookings, revenue, and active riders, along with a reduced net loss and improved Adjusted EBITDA.
Lyft reported a 15% year-over-year increase in Gross Bookings to $3.554 billion and a 10% increase in revenue to $1.158 billion. The company's net loss significantly decreased to $12.1 million, and Adjusted EBITDA improved to $92.0 million.
- Gross Bookings increased by 15% year-over-year to $3.554 billion.
- Revenue grew by 10% year-over-year to $1.158 billion.
- Net loss improved to $12.1 million compared to $422.2 million in Q3 2022.
- Adjusted EBITDA was $92.0 million, a significant increase from $(26.7) million in Q3 2022.
Headline financials
Revenue & EPS history
Lyft · Revenue · Quarterly
$1.16B
Forward guidance
Lyft anticipates Gross Bookings of approximately $3.6 billion to $3.7 billion and Adjusted EBITDA of $50 million to $60 million for Q4 2023.
Tailwinds
- Expects fourth quarter revenue will grow mid-single-digits quarter-over-quarter.
- Projects Adjusted EBITDA of $50 million to $60 million.
- Anticipates Gross Bookings of approximately $3.6 billion to $3.7 billion.
- Expects Adjusted EBITDA margin to be approximately 1.4% to 1.6% of Gross Bookings.
- Fourth quarter Adjusted EBITDA margin will be roughly in-line with the 4% achieved in Q2 of 2023.
Headwinds
- Guidance excludes reconciling items such as stock-based compensation and income taxes.
- Reconciling items could have a significant effect on future GAAP results.
- Outlook is subject to risks and uncertainties, including the macroeconomic environment and the impact of the COVID-19 pandemic.
- Ability to forecast performance is subject to risks due to limited operating history and the macroeconomic environment.
- Future results are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
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 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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