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Sep 30, 2021
Lyft Q3 2021 Earnings Report
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.
Key Takeaways
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.
Lyft
Lyft
Forward Guidance
Lyft anticipates its service levels will naturally improve in Q4 and lead to lower prices.