Lyft (LYFT) reported earnings on Mon 7 Nov 22 (a/h)

 ** charts before earnings **

 

** charts after earnings **

 

 

 

 

Lyft beats by $0.02, reports revs in-line, adjusted EBITDA of $66.2 mln, ahead of its guidance; guides Q4 revs in-line, guides for adjusted EBITDA of $80-$100 mln

• Reports Q3 (Sep) earnings of $0.10 per share, $0.02 better than the S&P Capital IQ Consensus of $0.08; revenues rose 21.9% year/year to $1.05 bln vs the $1.06 bln S&P Capital IQ Consensus.
• Adjusted EBITDA for Q3 2022 was $66.2 million versus $67.3 million in the third quarter of 2021 and versus $79.1 million in the second quarter of 2022. Adjusted EBITDA for Q3 2022 exceeded the Company's outlook of $55-$65 mln.
• Active Riders increased 7.2% to 20.3 mln.
• Co issues in-line guidance for Q4, sees Q4 revs of $1.145-$1.165 bln vs. $1.16 bln S&P Capital IQ Consensus. Sees Adj. EBITDA of $80-$100 mln.