Lyft Inc - Ordinary Shares Cls A

NASDAQ:LYFT  
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Other Pre-Announcement

Lyft Reports Q3 Revenue Of $499.7 Million, Down 48%

Published: 11/10/2020 21:45 GMT
LYFT Inc (LYFT) - Lyft - Qtrly Loss per Share $1.46; Qtrly Revenue of $499.7 Million, Down 48%.
Lyft - Qtrly Adjusted Net Loss $280.4 Million Versus Adjusted Net Loss of $121.6 Million.
Lyft - Qtrly Net Loss Includes $170.7 Million of Stock-based Compensation and Related Payroll Tax Expenses.
Lyft - Qtrly Revenue per Active Rider $39.94, Down 7%.
Lyft - Qtrly Active Riders 12.5 Million, Down 44%.
Lyft - Qtrly Contribution of $248.8 Million, Down 48%; Qtrly Contribution Margin Was 49.8%, Relatively Flat Versus Q3 2019.
Lyft - Qtrly Revenue Rose 47% From Q2, Driven by a Meaningful Recovery in Active Riders.
Lyft - Remain Focused on Achieving Adjusted EBITDA Profitability by Q4 of Next Year, Even With a Slower Recovery.
Lyft - Encouraged by the Ongoing Recovery in Ridesharing, Performance Improvements We Saw Across Bikes, Scooters and Fleet.
Lyft - Qtrly Cost of Revenue $261.6 Million Versus $580.7 Million.
Lyft - Qtrly Total Costs and Expenses $953.1 Million Versus $1.45 Billion.
Q3 Earnings per Share View $-0.91, Revenue View $486.5 Million -- Refinitiv Ibes Data (analyst estimates).
Lyft - Reported $2.5 Billion of Unrestricted Cash, Cash Equivalents and Short-term Investments at Quarter End.