Lyft

Feb 09, 2023

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Dec 31, 2022

Lyft Q4 2022 Earnings Report

Lyft's Q4 2022 earnings were announced, with revenue reaching a company record, although the company reported a net loss and negative Adjusted EBITDA.

Key Takeaways

Lyft's Q4 2022 revenue reached a company record of $1.2 billion, a 21% increase year-over-year. However, the company reported a net loss of $588.1 million and a negative Adjusted EBITDA of $248.3 million, influenced by strengthening insurance reserves. The company anticipates Q1 2023 revenue of approximately $975 million and Adjusted EBITDA between $5 million and $15 million.

Revenue of $1.2 billion, a 21% increase from Q4 2021.

Strengthened insurance reserves by $375 million, impacting cost of revenue and general & administrative expenses.

Net loss of $588.1 million, which includes $201.3 million of stock-based compensation and related payroll tax expenses.

Adjusted EBITDA was a negative $248.3 million.