Core Insights - Lyft is making significant progress towards deploying autonomous vehicles as early as next year with the assistance of Mobileye's technology [1] - The collaboration aims to allow both individuals and fleet owners to own autonomous vehicles and generate income through the Lyft network [1] - This initiative could potentially launch before Tesla achieves full autonomy in its vehicles [1]

Core Insights - Lyft shares fell over 9% following disappointing fourth-quarter results and weak bookings guidance as the company reduces prices to remain competitive [1][2] - The company reported revenues of $1.55 billion, slightly below the $1.56 billion expected by analysts [1] - Bookings totaled $4.28 billion, missing the $4.32 billion estimate from FactSet [1] Financial Performance - Lyft's revenue for the fourth quarter was $1.55 billion, which did not meet analyst expectations [1] - The bookings figure of $4.28 billion was also below the anticipated $4.32 billion [1] Future Outlook - The company anticipates a slowdown in gross bookings due to a lower pricing environment, projecting bookings between $4.05 billion and $4.20 billion, compared to a FactSet forecast of $4.24 billion [2] - CEO David Risher expressed optimism about the future, highlighting the large market potential and the company's performance [2]

Core Insights - Lyft's shares fell approximately 14% in premarket trading due to lower-than-expected first-quarter bookings projections amid ongoing price competition with Uber [2][6] - The company anticipates first-quarter gross bookings between $4.05 billion and $4.2 billion, which is below the consensus estimate of $4.23 billion [3][6] - JPMorgan has reduced Lyft's price target from $19 to $16, citing an increasingly competitive rideshare market and potential pressure on results through the first half of 2025 [4][5] Financial Performance - Lyft reported fourth-quarter revenue of $1.55 billion, which was below analyst estimates, while adjusted earnings per share (EPS) of 27 cents exceeded forecasts [5] - The loss of the partnership with Delta Air Lines is expected to impact Lyft's growth in gross bookings, raising concerns about achieving mid-teen annual growth through 2027 [5] Market Context - The competitive landscape in the rideshare industry is intensifying, particularly with ongoing price wars between Lyft and Uber [2][5] - Uber has also reported a current-quarter gross bookings outlook that fell short of analysts' expectations, indicating broader challenges in the industry [3]

One of the key factors behind Lyft’s success in 2024 was its focus on enhancing driver satisfaction and improving service reliability.According to CEO David Risher, the company’s “customer obsession” drove this profitable growth. During the company’s fourth-quarter earnings call Tuesday (Feb. 11), Risher noted drivers collectively earned $9 billion in 2024, the highest in the company’s history, and saw its largest-ever number of driver hours in Q4. This focus on driver incentives has paid off, he added.“We ...

February 11, 2025 This presentation and the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Lyft's future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as "may," "will," "should," "expects," "plans," "ant ...

Core Insights - Lyft reported $1.55 billion in revenue for Q4 2024, a year-over-year increase of 26.6% [1] - The EPS for the same period was $0.30, up from $0.19 a year ago, exceeding the consensus estimate of $0.23 by 30.44% [1] - The revenue matched the Zacks Consensus Estimate, with a slight surprise of -0.15% [1] Financial Performance Metrics - Gross Bookings were $4.28 billion, slightly below the average estimate of $4.32 billion from eight analysts [4] - The number of rides was 218.5 million, close to the six-analyst average estimate of 218.65 million [4] - Active riders reached 24.7 million, surpassing the five-analyst average estimate of 24.41 million [4] Stock Performance - Lyft shares returned +16.4% over the past month, outperforming the Zacks S&P 500 composite's +4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Lyft (LYFT) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30.44%. A quarter ago, it was expected that this ride-hailing company would post earnings of $0.20 per share when it actually produced earnings of $0.29, delivering a surprise of 45%.Over the last four quarters, the company h ...

Financial Performance - Gross Bookings reached $4.3 billion in Q4 2024, up 15% year over year, and $16.1 billion for the full year, up 17% year over year[6] - Revenue for Q4 2024 was $1.6 billion, a 27% increase year over year, and $5.8 billion for the full year, up 31% year over year[6] - Net income for Q4 2024 was $61.7 million, compared to a net loss of $(26.3) million in Q4 2023, with a net income margin of 1.4%[6] - Adjusted EBITDA for Q4 2024 was $112.8 million, up from $66.6 million in Q4 2023, with an adjusted EBITDA margin of 2.6%[6] - Lyft reported a net income of $22,784 for 2024, a significant improvement from a net loss of $340,320 in 2023[31] - Adjusted EBITDA for the year ended December 31, 2024, was $382.4 million, up 72.0% from $222.4 million in 2023[37] - Net income for the year ended December 31, 2024, was $22.8 million, a turnaround from a net loss of $340.3 million in 2023[37] - The adjusted net income for 2024 was $391.5 million, compared to $250.7 million in 2023, reflecting a 56.3% increase[43] Operational Metrics - Active Riders reached an all-time high of 24.7 million in Q4 2024, growing 10% year over year, and 44 million for the full year[6] - Total Rides in Q4 2024 grew 15% year over year to 219 million, with 828 million rides for the full year, a 17% increase[6] - Lyft's average ETAs became the fastest in the industry during Q4 2024, reflecting best-in-class service levels[6] Cash Flow and Assets - Free cash flow for 2024 was $849,737, a turnaround from a cash used in operating activities of $(98,244) in 2023[33] - Free cash flow improved significantly to $766.3 million in 2024, compared to a negative $248.1 million in 2023[48] - Total cash, cash equivalents, and restricted cash increased to $946.0 million in 2024 from $771.8 million in 2023, representing a 22.6% increase[35] - Cash and cash equivalents rose to $759,319 in 2024 from $558,636 in 2023, reflecting a growth of 36%[29] - The total current assets increased to $2,950,533 in 2024 from $2,577,419 in 2023, reflecting a growth of 14.5%[29] - Lyft's total assets increased to $5,435,069 in 2024, up from $4,564,467 in 2023, marking a growth of 19.1%[29] Costs and Expenses - The company incurred total costs and expenses of $5,904,928 in 2024, compared to $4,879,193 in 2023, representing an increase of 20.9%[31] - Lyft's stock-based compensation included in costs and expenses was $330,921 in 2024, down from $484,533 in 2023, indicating a reduction of 31.7%[33] - Restructuring charges incurred in 2024 totaled $26.9 million, down from $76.2 million in 2023, indicating a reduction in restructuring costs[39] Future Projections - For Q1 2025, Lyft expects Gross Bookings growth of approximately 10% to 14%, or about $4.05 billion to $4.20 billion[9] - Adjusted EBITDA for Q1 2025 is projected to be approximately $90 million to $95 million, with an adjusted EBITDA margin of about 2.2% to 2.3%[9] Shareholder Actions - Lyft announced a $500 million share repurchase program authorized by its Board of Directors[7] Tax and Interest - Cash paid for interest increased to $28.3 million in 2024 from $20.2 million in 2023, a 40.0% rise[35] - Cash paid for income taxes increased to $11.2 million in 2024 from $9.4 million in 2023, a 18.5% increase[35] Margins and Efficiency - The adjusted EBITDA margin for 2024 was 2.4%, up from 1.6% in 2023, showing improved operational efficiency[37]

Lyft Inc. LYFT is gearing up to report its fourth-quarter earnings after the market on Tuesday, with analysts expecting 22 cents per share in earnings and $1.56 billion in revenue. Investors are watching closely—not just for the numbers, but for signs of what's next as Lyft looks to challenge Uber and Tesla in the autonomous ride-hailing race.Read Also: Lyft Q4 Earnings Preview: Streak Of Revenue, EPS Beats On The Line After Rival Uber’s Strong Fourth QuarterLyft Bulls Are In The Driver's SeatLyft stock is ...

Lyft is reportedly aiming to bring autonomous robotaxis to its app as soon as next year.The service would launch first in Dallas with additional markets to follow, TechCrunch reported Monday (Feb. 10), citing comments from a company executive.As the report noted, the news coincides with Lyft’s upcoming earnings, rival Uber’s plans to launch a commercial robotaxi service in Austin and Atlanta with Waymo, and Tesla’s plans to launch an autonomous ride-hailing operation in Austin in June.According to the repor ...