Categories AlphaGraphs, Earnings, Industrials

LYFT Infographic: Lyft Q4 2022 net loss widens; revenue up 21%

Lyft, Inc. (NASDAQ: LYFT) has reported a wider net loss for the fourth quarter of 2022 when the taxi booking platform’s revenues increased by 21%. The bottom line was negatively impacted by an increase in operating expenses.

The San Francisco-based company posted a net loss of $588.1 million for the final three months of fiscal 2022, wider than the $283.2 million loss reported in the prior-year quarter. Adjusted net loss, excluding one-off items, widened to $270.8 million. Adjusted EBITDA, excluding one-off items, was a loss of $248.3 million during the three-month period, compared to a loss of $47.6 million in the fourth quarter of 2021.

Lyft Q4 2022 operating metrics

At $1.2 billion, fourth-quarter revenues were up 21% year-over-year. At the end of the quarter, the company had around 20.4 million active riders, up 9% year-over-year. Revenue per user rose 11% to $57.72.


Check this space to read management/analysts’ comments on quarterly reports


“The better marketplace balance we see today creates significant opportunities for long-term profitable growth. To take advantage of this opportunity we must ensure competitive service levels. Reinforcing our competitive position, servicing more demand, and reducing our fixed and variable costs will put us in the best position to deliver strong shareholder returns,” said Logan Green, chief executive officer of Lyft.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

ORCL Infographic: Oracle Q3 profit rises on higher revenues

Technology giant Oracle Corporation (NYSE: ORCL) Monday reported higher revenues and adjusted earnings for the third quarter of 2025. Total revenues increased to $14.13 billion in the February quarter from

eBay (EBAY): Here are a few strategic initiatives anticipated to fuel growth

Shares of eBay Inc. (NASDAQ: EBAY) fell over 4% on Monday. The stock has gained 8% year-to-date. The company delivered revenue and profit growth for the fourth quarter of 2024

After mixed Q2, can Costco navigate consumer caution and tariff woes?

Costco Wholesale Corporation’s (NASDAQ: COST) second-quarter report failed to impress the market as earnings missed estimates amid cautious consumer spending. The mixed results have come at a time when retailers,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top