#Lyft Q3 FY24 #EarningsReport Summary

In Q3 FY24, Lyft achieved record highs in active riders and rides, supported by innovations and strategic partnerships. Despite challenges, the company demonstrated strong growth across key metrics.

📊 Income Statement Highlights (vs same quarter last year):

▫️ Net Income (Loss): $(12.43M) vs $(12.10M) (-2.69%)
▫️ Total Revenue: $1.52B vs $1.16B (+32%)
▫️ Adjusted EPS: $0.29, exceeding expectations of $0.20 (+45%)
▫️ Adjusted EBITDA: $107.30M vs $92.00M (+16.63%)
▫️ Operating Cash Flow: $264.00M vs $2.30M (+11,373.91%)
▫️ Free Cash Flow: $242.80M vs $(30.00M)
▫️ Gross Bookings: $4.11B vs $3.55B (+16%)

💼 Balance Sheet Highlights (vs same quarter last year):

▫️ Total Assets: $5.26B vs $4.56B
▫️ Total Liabilities: $4.61B vs $4.02B
▫️ Equity: $655.78M vs $541.52M

🔮 Future Outlook: 

Lyft projects Q4 FY24 gross bookings between $4.28B and $4.35B (+15-17% YoY) and adjusted EBITDA between $100M to $105M, with a margin of 2.3% to 2.4%. For FY24, Lyft anticipates 17% YoY growth in gross bookings and mid-teen growth in rides, supported by upcoming autonomous vehicle partnerships.
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#Lyft #EarningsReport