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Dec 31, 2019
Lyft Q4 2019 Earnings Report
Lyft's Q4 2019 earnings were released, surpassing $1 billion in quarterly revenue with a 52% year-over-year increase.
Key Takeaways
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.
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.
Positive Outlook
- 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.
Challenges Ahead
- 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
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Avg. Return Before/After Earnings
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