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Lyft (LYFT)
NASDAQ:LYFT
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.21Last Year’s EPS
$0.19Same Quarter Last Year
Moderate Buy
Based on 34 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -5.76%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
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 Earnings History
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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LYFT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $14.40 | $17.69 | +22.85% |
| Aug 07, 2024 | $10.97 | $9.08 | -17.23% |
| May 07, 2024 | $16.60 | $17.78 | +7.11% |
| Feb 13, 2024 | $12.13 | $16.39 | +35.12% |
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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FAQ
When does Lyft (LYFT) report earnings?
Lyft (LYFT) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Lyft (LYFT) earnings time?
Lyft (LYFT) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LYFT EPS forecast?
LYFT EPS forecast for the fiscal quarter 2024 (Q4) is $0.21.
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