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Dec 31, 2021
Lyft Q4 2021 Earnings Report
Lyft reported a solid Q4 2021 with revenue growth and advancements in profitability.
Key Takeaways
Lyft's Q4 2021 saw a 70% year-over-year increase in revenue, reaching $969.9 million. The company also achieved a net loss of $258.6 million, an improvement from the $458.2 million net loss in Q4 2020. Adjusted EBITDA was $74.7 million, a significant increase compared to the Adjusted EBITDA loss of $150.0 million in the same quarter of the previous year.
Q4 2021 revenue increased by 70% year-over-year to $969.9 million.
Net loss for Q4 2021 was $258.6 million, an improvement from Q4 2020.
Adjusted EBITDA for Q4 2021 reached $74.7 million, a substantial increase from the previous year.
Lyft reported $2.3 billion of unrestricted cash, cash equivalents and short-term investments as of December 31, 2021.
Lyft
Lyft
Forward Guidance
Despite short-term headwinds from omicron, Lyft remains optimistic about full-year 2022.