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Mar 31, 2023
Lyft Q1 2023 Earnings Report
Lyft's Q1 2023 financial results were announced, revealing revenue growth and better-than-expected performance.
Key Takeaways
Lyft's Q1 2023 revenue reached $1.0 billion, a 14% increase year-over-year, exceeding guidance by $26 million. The company's net loss was $187.6 million, and adjusted EBITDA was $22.7 million, surpassing the guidance range. Lyft anticipates Q2 2023 revenue between $1.0 billion and $1.02 billion and adjusted EBITDA between $20 million and $30 million.
Revenue reached $1.0 billion, up 14% year-over-year and $26 million better than guidance.
Net loss was $187.6 million, compared to $196.9 million in Q1 2022.
Adjusted EBITDA was $22.7 million, exceeding the top-end of the guidance range.
Q2 2023 revenue is anticipated to be approximately $1.0 billion to $1.02 billion.
Lyft
Lyft
Forward Guidance
For Q2 2023, Lyft anticipates revenue between approximately $1.0 billion and $1.02 billion, and Adjusted EBITDA between $20 million and $30 million, with an Adjusted EBITDA margin of 2% to 3%.
Positive Outlook
- Revenue of approximately $1.0 billion and $1.02 billion
- Adjusted EBITDA between $20 million and $30 million
- Adjusted EBITDA margin of 2% to 3%