- Lyft projects 1Q 2025 gross bookings between $4.05 billion and $4.2 billion, slightly below the $4.23 billion estimate.
- Expected adjusted EBITDA for 1Q is between $90 million and $95 million, close to the $93.7 million estimate.
- The company forecasts an adjusted EBITDA margin as a percentage of gross bookings at approximately 2.2%-2.3%, near the estimate of 2.21%.
- In the fourth quarter, Lyft’s gross bookings reached $4.28 billion, a 15% increase year-over-year, slightly below the $4.32 billion estimate.
- Adjusted EBITDA for the fourth quarter was $112.8 million, marking a 69% increase year-over-year, surpassing the $104.4 million estimate.
- The fourth quarter adjusted EBITDA margin was 2.6%, an improvement from 1.8% year-over-year, above the 2.4% estimate.
- Revenue for the fourth quarter was $1.55 billion, up 27% year-over-year, narrowly missing the $1.56 billion estimate.
- Adjusted net income in the fourth quarter reached $114.5 million, a 61% increase year-over-year, significantly exceeding the $75.9 million estimate.
- Active riders totaled 24.7 million in the fourth quarter, a 10% increase year-over-year, slightly above the 24.63 million estimate.
- Lyft reported 218.5 million rides in the fourth quarter, up 15% year-over-year, aligning with the 218.47 million estimate.
- Free cash flow was $140 million in the fourth quarter, up from $14.9 million year-over-year.
- Lyft anticipates rides growth in the mid-teens for 1Q 2025, driven by exceptional service levels and strong rider and driver engagement.
- The company announced its first share buyback program, authorizing the repurchase of up to $500 million in shares.
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Lyft on Smartkarma
Analysts at Baptista Research have been closely covering Lyft Inc. on Smartkarma, providing valuable insights into the company’s performance and future prospects. In their report titled “Lyft Inc.: How First-Party Data is Powering a Digital Advertising Revolution! – Major Drivers,” the analysts highlighted Lyft’s third-quarter 2024 financial results. The report pointed out positive aspects such as Lyft’s gross bookings exceeding $4.1 billion, a 16% year-over-year increase, and a 9% growth in active riders. Strategic initiatives like the ‘Price Lock’ feature aimed at commuters have contributed to a 6% rise in ride frequency, showcasing Lyft’s strong demand across its services.
Another report from Baptista Research titled “Lyft Inc.: Expansion of Serviceable Addressable Market Driving Our Optimism! – Major Drivers,” focused on Lyft’s financial results for the second quarter of 2024. The analysts noted significant milestones, including the company achieving GAAP profitability for the first time. This milestone reflects Lyft’s effective cost management and operational efficiency. Despite this achievement, the analysis also highlighted strategic shifts and external factors that may impact Lyft’s future trajectory, emphasizing the need for investors to consider various factors when evaluating the company’s potential.
A look at Lyft Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Lyft’s long-term outlook appears promising based on Smartkarma’s assessment of its key factors. With top scores in Growth and Resilience, Lyft seems poised for expansion and shows strength in weathering market challenges. The company’s momentum is also strong, indicating favorable market dynamics. While the Value score is moderate, the overall high scores in Growth, Resilience, and Momentum suggest a positive outlook for Lyft in the long run.
Lyft, Inc. is a company that provides online ridesharing services primarily in the United States. With a strong focus on growth and resilience, Lyft aims to continue expanding its reach in the market while maintaining its position as a reliable transportation option for consumers. The company’s momentum further signals its ability to capitalize on market opportunities and drive future success. Despite a moderate value score, Lyft’s overall outlook seems optimistic based on its key strengths in growth, resilience, and momentum.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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