The earnings call presented a strong performance with significant revenue and rider growth, operational efficiencies, and successful product innovations. Despite the upcoming increase in insurance costs, the overall outlook remains positive with strategic partnerships and media growth.

Company Guidance

During Lyft's Q3 2024 earnings call, the company provided a robust set of performance metrics and forward-looking guidance. Gross bookings for the quarter exceeded $4.1 billion, marking a 16% year-over-year increase, with active riders growing by 9% and ride frequency up by 6%. Price Lock, a strategic initiative aimed at commuters, saw over 200,000 active passes by September, with users taking an average of four additional rides per month. Primetime pricing, Lyft's term for surge pricing, decreased by over 40% year-over-year, contributing to increased conversion rates and market share gains in key regions like Chicago. The company also reported a revenue of over $1.5 billion, up 32% from the previous year, alongside a 17% reduction in incentive expenses on a per-ride basis. For the fourth quarter, Lyft projected gross bookings growth of 15% to 17% year-over-year and adjusted EBITDA between $100 million and $105 million. Lyft's full-year outlook for 2024 included raising its free cash flow expectation to exceed $650 million, reflecting the company's strategic focus on profitable growth and operational excellence.

Revenue and Growth

Revenue exceeded $1.5 billion, up 32% year-over-year, with gross bookings exceeding $4.1 billion, up 16% year-over-year. Active riders grew by 9% while ride frequency increased by 6%.

Product Innovations and Partnerships

Introduced successful Price Lock feature and expanded partnership with DoorDash, enhancing rider acquisition. Media partnerships with Mobileye, Nexar, and May Mobility to integrate autonomous vehicles.

Operational Efficiency

Reduced incentive expenses by 17% on a per-ride basis year-over-year. Adjusted EBITDA was $107 million, including a $14 million tax accrual release.

Lyft Media Growth

In-app ads grew nearly 3x year-over-year in Q3.

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Lyft Inc (DE:LY0) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:LY0 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2019	2019 (Q1)	- / -8.80	-0.786	-1019.11% (-8.01)	―	―
Aug 07, 2019	2019 (Q2)	- / -0.66	-0.601	-10.39% (-0.06)	―	―
Oct 30, 2019	2019 (Q3)	- / -0.40	-0.836	52.16% (+0.44)	―	―
Feb 11, 2020	2019 (Q4)	- / -0.40	-11.045	96.39% (+10.65)	―	―
May 06, 2020	2020 (Q1)	- / -0.31	-8.801	96.43% (+8.49)	―	―
Aug 12, 2020	2020 (Q2)	- / -0.84	-0.663	-25.88% (-0.17)	―	―
Nov 10, 2020	2020 (Q3)	- / -0.87	-0.4	-117.32% (-0.47)	―	―
Feb 09, 2021	2020 (Q4)	- / -0.57	-0.399	-41.81% (-0.17)	―	―
May 04, 2021	2021 (Q1)	-0.58 / -0.34	-0.314	-8.70% (-0.03)	―	―
Aug 03, 2021	2021 (Q2)	-0.23 / -0.05	-0.835	93.46% (+0.78)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:LY0 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	€13.22	€16.46	+24.50%
Aug 07, 2024	€9.82	€8.80	-10.42%
May 07, 2024	€15.74	€16.79	+6.67%
Feb 13, 2024	€11.27	€14.98	+33.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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