NASDAQ$LYFT

LYFT Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Lyft's Q4 2019 earnings were released, surpassing $1 billion in quarterly revenue with a 52% year-over-year increase.

Lyft announced record fourth quarter and fiscal year results, with Q4 revenue surpassing $1 billion, up 52% year-over-year. The company's focus on profitable growth and operational excellence led to improved adjusted EBITDA margin. Lyft is issuing outlook for fiscal year 2020.

  • Lyft reported Q4 2019 revenue of $1,017.1 million, a 52% increase year-over-year.
  • Net loss for Q4 2019 was $356.0 million, including $207.3 million of stock-based compensation and related expenses.
  • Adjusted EBITDA loss for Q4 2019 was $130.7 million, compared to $251.1 million in the same period of 2018.
  • Lyft reported 22,905 active riders in Q4 2019, a 23% increase year-over-year.

Headline financials

Total Revenue

$1.02B

Previous: $670M+51.9%
EPS (adj)

-$0.53

Previous: -$1.05+49.3%
Active Riders

22.9M

Previous: 18.6M+23.2%
Gross Bookings

$1.02B

No prior period
Net Income

-$356M

Previous: -$249M-43.0%
Operating Income

-$2.7B

Previous: -$270M-900.8%
Gross Profit

$514M

Previous: $303M+70.0%
Cash & Equivalents

$358M

No prior period
Total Assets

$5.69B

No prior period
Stock-Based Comp

$204M

No prior period

Revenue & EPS history

Lyft · Revenue · Quarterly

$1.02B

Q4 2019+51.9%vs Q4 2018
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Forward guidance

For Q1 2020, Lyft anticipates revenue between $1,055 million and $1,060 million, representing a 36-37% year-over-year growth. Adjusted EBITDA loss is expected to be between $140 million and $145 million. For FY 2020, revenue is projected to be between $4,575 million and $4,650 million, with an annual revenue growth rate of 27-29%. Adjusted EBITDA loss is expected to be between $450 million and $490 million.

Tailwinds

  • Revenue to be between $1,055 million and $1,060 million for Q1 2020.
  • Q1 revenue growth to be between 36% and 37% year-over-year.
  • Revenue to be between $4,575 million and $4,650 million for FY 2020.
  • Annual revenue growth rate to be between 27% and 29% for FY 2020.

Headwinds

  • Adjusted EBITDA loss to be between $140 million and $145 million for Q1 2020.
  • Adjusted EBITDA loss to be between $450 million and $490 million for FY 2020.

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 Q4 2019

Historical avgQ4 2019

-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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