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Sep 30, 2022
Lyft Q3 2022 Earnings Report
Lyft's Q3 2022 revenue reached an all-time high, with Adjusted EBITDA exceeding expectations, while the company focused on initiatives to impact drivers, riders, and the company positively.
Key Takeaways
Lyft's Q3 2022 showed strong financial performance with revenue reaching an all-time high of $1.05 billion, a net loss of $422.2 million, and Adjusted EBITDA of $66.2 million, exceeding the company's outlook. The company also saw a higher number of active riders, rides, and drivers than it has had since COVID began.
Q3 revenue reached an all-time high of $1.05 billion, up 22% year-over-year.
Net loss for Q3 was $422.2 million, including $224.1 million of stock-based compensation and a $135.7 million impairment charge.
Adjusted EBITDA for Q3 was $66.2 million, exceeding the company's outlook.
The number of active riders, rides, and drivers increased to levels not seen since the beginning of COVID.
Lyft
Lyft
Forward Guidance
For Q4, Lyft anticipates revenue to be between $1.145 billion and $1.165 billion, representing a 9-11% quarter-over-quarter and 18-20% year-over-year growth. Adjusted EBITDA is expected to be between $80 million and $100 million with a margin of 7% to 9%.
Positive Outlook
- Revenue to be between $1.145 billion and $1.165 billion
- Q4 revenue growth to be between 9-11% quarter-over-quarter
- Q4 revenue growth to be between 18-20% year-over-year
- Adjusted EBITDA to be between $80 million and $100 million
- Adjusted EBITDA margin of 7% to 9%