Lyft (NASDAQ: LYFT) reported Q4 revenue of $1.07 billion versus the consensus estimate of $984.17 million.

GUIDANCE:

Lyft sees Q1 2020 revenue of $1.06-1.55 billion, versus the consensus of $1.05 billion.

Lyft sees FY2020 revenue of $4.575-4.65 billion, versus the consensus of $4.59 billion.

“Fiscal 2019 was an exceptional year across the board. We significantly improved our path to profitability while simultaneously reaching critical milestones toward our long-term strategy,” said Logan Green, co-founder and chief executive officer of Lyft. “Continued strength in core rideshare drove our industry-leading growth, led by product innovation and operational excellence on every facet of our robust transportation platform. With the Lyft transportation network, we are already helping over 22 million consumers get around in a much more simple and economical way. Today, people can go to the Lyft app and choose their preferred mode of transportation, including cars, bikes, scooters, and public transit - all in one place.”

"During the year, we focused on profitable growth and consistently improved adjusted EBITDA margin in each of the last four consecutive quarters, outperforming our outlook,” said Brian Roberts, chief financial officer of Lyft. “We grew annual revenues by 68 percent year-over-year and demonstrated operating leverage that delivered over 50 percent improvement in annual adjusted EBITDA margin. Our consistent outperformance has been driven by our core values, operational excellence, and focused execution. As we begin 2020, we remain dedicated to delivering on our commitments to all of our stakeholders."

For earnings history and earnings-related data on Lyft (LYFT) click here.