Loading...
•
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.
Lyft
Lyft
Forward Guidance
For Q1 2023, Lyft anticipates revenue of approximately $975 million and Adjusted EBITDA between $5 million and $15 million.