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

Salesforce Q3 2024 earnings increase on higher revenues, beat estimates

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) reported higher earnings and revenues for the third quarter of 2024. Earnings also topped expectations. Third-quarter profit, excluding non-recurring items, increased to

AutoZone (AZO) to report Q1 2024 earnings next week. Here’s what to expect

Auto parts retailer AutoZone, Inc. (NYSE: AZO) is preparing to report first-quarter results next week, after delivering better-than-expected quarterly earnings consistently in recent years. Analysts forecast an increase in profit

Key takeaways from Hormel Foods’ (HRL) Q4 2023 earnings report

Shares of Hormel Foods Corporation (NYSE: HRL) were down over 4% on Wednesday after the company delivered fourth quarter 2023 earnings results that fell below expectations. The stock has dropped

Add Comment
Viewing Highlight