LYFT Earnings Prediction
The chart below shows how LYFT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LYFT sees a -0.22% change in stock price 10 days leading up to the earnings, and a -4.66% change 10 days following the report. On the earnings day itself, the stock moves by -2.32%. This data can give you a slight idea of what to expect for the next quarter's release.
LYFT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.52B
31.54%
6.05%
Gross Margin
33.95%
-0.32%
-2.61%
Operating Margin
-2.03%
-41.50%
6.84%
Net Margin
-0.82%
-21.90%
-334.29%
EPS
-0.03
-0.00%
-400.00%
No Data Available
LYFT Earnings Analysis
Lyft, Inc. Class A Common Stock Corporation (LYFT.O) Earnings Conference Call
Positive
Gross Bookings Surge: Gross bookings exceeded $4.1 billion, up 16% year-over-year, with double-digit ride growth in both rideshare and our bikes and scooters mode.
Active Riders Growth: Q3 saw strong demand with active riders growth of 9% and frequency up 6%, driven by growth in Canada, our back-to-school activities, and the success of new products.
Revenue Surge and Efficiency: Revenue exceeded $1.5 billion, up 32% year-over-year, reflecting efficiency in the deployment of incentives.
Strong Cash Position: We ended the third quarter with a strong cash position with unrestricted cash, cash equivalents, and short-term investments of approximately $1.9 billion, generating $243 million of free cash flow.
Gross Bookings Growth Forecast: We expect gross bookings growth of approximately 15% to 17% year-over-year for Q4, or approximately $4.28 billion to $4.35 billion.
Negative
Third Quarter Net Loss: GAAP net loss in the third quarter was $12.4 million, which includes restructuring charges of $36 million related to the previously announced restructuring plans in our bikes and scooters division.
Operating Expenses Overview: Operating expenses were $602 million or 14.7% of gross bookings, including planned investment in rider engagement and higher legal and insurance expenses, some of which are accrued on a per ride basis.
Adjusted EBITDA Performance: Adjusted EBITDA was $107 million, which as a percentage of gross bookings was 2.6%.
Incentive Expense Reduction: During the quarter, incentive expenses in contra revenue and sales and marketing combined declined 17% on a per ride basis year-over-year, well ahead of the annual multi-year target of 10% we outlined at Investor Day as we continue to improve the balance of our market place.
Cost of Revenue Increase: We expect our fourth quarter cost of revenue will increase by approximately $50 million quarter-over-quarter, reflecting the impact of our third-party renewals.
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LYFT Earning Call Sentiment
Lyft, Inc. (LYFT) Q3 2024 Earnings Call Transcript
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LYFT.O
3.03%Positive
Lyft's earnings call presents a positive outlook with key highlights: record revenue growth, GAAP profitability, and strong free cash flow. The Q&A reflects management's confidence in partnerships and strategic initiatives like Price Lock. Despite some unclear responses, the overall sentiment is optimistic, especially with the AV strategy and DoorDash partnership. The decline in incentive expenses and strong performance in Canada further support a positive view. However, the GAAP net loss and restructuring charges temper the outlook slightly, but the strong guidance and strategic moves outweigh these concerns.
