Lyft (LYFT) Q3 Revenues Beat Modeslty

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Go back to Lyft (LYFT) Q3 Revenues Beat Modeslty

Lyft Announces Strong Third Quarter Results

November 2, 2021 4:05 PM EDT

Q3 revenue of $864.4 million grew 73% year-over-year
Q3 net loss significantly narrowed
Adjusted EBITDA profitable for the second quarter in a row

SAN FRANCISCO--(BUSINESS WIRE)-- Lyft, Inc. (Nasdaq: LYFT) today announced financial results for its third quarter ended September 30, 2021.

We had a great quarter. Driver supply materially improved in Q3, up nearly 45% versus last year, reflecting strong new driver trends, said Logan Green, co-founder and chief executive officer of Lyft. We are well positioned for a continued recovery and Im excited... More