Stock Analysis

Lyft Third Quarter 2023 Earnings: Beats Expectations

Simply Wall St

November 14, 2023

Lyft (NASDAQ:LYFT) Third Quarter 2023 Results

Key Financial Results

Revenue: US$1.16b (up 9.8% from 3Q 2022).
Net loss: US$12.1m (loss narrowed by 97% from 3Q 2022).
US$0.031 loss per share (improved from US$1.18 loss in 3Q 2022).

earnings-and-revenue-growth — NasdaqGS:LYFT Earnings and Revenue Growth November 14th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lyft Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are down 9.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Lyft that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.