NASDAQ$LYFT

LYFT Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Lyft's Q4 2020 earnings were announced, showing a decrease in revenue compared to the previous year but an increase compared to the previous quarter. The company exceeded its fixed cost reduction target and anticipates growth in the coming quarters.

Lyft's Q4 2020 revenue was $569.9 million, a 44% decrease year-over-year but a 14% increase quarter-over-quarter. The company reported a net loss of $458.2 million and an adjusted EBITDA loss of $150.0 million. Lyft exceeded its fixed cost reduction target and anticipates growth in the coming quarters.

  • Q4 2020 revenue was $569.9 million, a 44% decrease year-over-year but a 14% increase quarter-over-quarter.
  • Net loss for Q4 2020 was $458.2 million, including $138.1 million of stock-based compensation and related payroll tax expenses.
  • Adjusted EBITDA loss for Q4 2020 was $150.0 million, an improvement of $89.7 million relative to Q3 2020.
  • Lyft exceeded its annualized fixed cost reduction target by 20%, eliminating $360 million in fixed costs.

Headline financials

Total Revenue

$570M

Previous: $1.02B-44.0%
EPS (adj)

-$0.59

Previous: -$0.53-11.3%
Active Riders

12.6M

Previous: 22.9M-45.2%
Net Income

-$458M

Previous: -$356M-28.7%
Operating Income

-$1.81B

Previous: -$2.7B+33.1%
Gross Profit

$178M

Previous: $514M-65.4%
Cash & Equivalents

$320M

Previous: $358M-10.8%
Total Assets

$4.68B

Previous: $5.69B-17.8%
Stock-Based Comp

$133M

Previous: $204M-34.8%

Revenue & EPS history

Lyft · Revenue · Quarterly

$570M

Q4 2020-44%vs Q4 2019
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Forward guidance

Lyft anticipates growth in the coming quarters, with a growth inflection beginning in the second quarter that strengthens in the second half of the year.

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 2020

Historical avgQ4 2020

-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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