Lyft
🇺🇸 NASDAQ:LYFT
•
Dec 31, 2024
Lyft Q4 2024 Earnings Report
Key Takeaways
Lyft reported a record-breaking Q4 2024 with significant revenue growth, net income profitability, and strong operational performance. Revenue grew by 27% year-over-year, net income reached $61.7 million compared to a net loss in Q4 2023, and gross bookings increased 15%. The company also saw a rise in active riders and rides, achieving all-time highs.
Lyft Revenue
Lyft EPS
Lyft Revenue by Segment
Lyft Revenue by Geographic Location
Forward Guidance
Lyft expects continued growth in rides and bookings for Q1 2025, driven by strong rider and driver engagement. However, the company anticipates pricing challenges in the U.S. market.
Positive Outlook
- Expected rides growth in the mid-teens year-over-year.
- Gross bookings projected to grow between 10% and 14% year-over-year.
- Adjusted EBITDA expected to be between $90 million and $95 million.
- Expansion of service levels to improve market share.
- Strong engagement from both riders and drivers.
Challenges Ahead
- Pricing environment in the U.S. remains challenging.
- Potential regulatory risks affecting rideshare operations.
- Increased competition from other rideshare platforms.
- Macroeconomic uncertainty impacting consumer demand.
- Potential cost pressures from insurance and operational expenses.