Loading...
•
Dec 31, 2020
Lyft Q4 2020 Earnings Report
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.
Key Takeaways
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.
Lyft
Lyft
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.