
Rideshare company Lyft reported fourth-quarter earnings on Tuesday, surpassing Wall Street’s top and bottom line expectations but disappointed when it came to active riders.
The company’s stock was up more than 9% in after-hours trading, thanks to a beat on revenue and signs the business is recovering slightly from the pandemic.
Lyft is also still on track to become EBITDA profitable by the fourth quarter, with a chance that could be achieved by the third quarter, CFO Brian Roberts said in the company’s earnings call.
Here are the key numbers:
- Loss per share: 58 cents vs. 72 cents expected in a Refinitiv survey of analysts
- Revenue: $570 million vs. $563 million expected by Refinitiv
- Active riders: 12.55 million vs. 13.2 million expected in a FactSet survey
- Revenue per active rider: $45.40 vs. $42.20 expected per FactSet