Lyft Third Quarter 2023 Earnings: Beats Expectations

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).

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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