Lyft (LYFT) Misses Q1 EPS by 50c, Revenue Beats

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Go back to Lyft (LYFT) Misses Q1 EPS by 50c, Revenue Beats

Lyft Announces First Quarter Results

May 3, 2022 4:05 PM EDT

First quarter revenue of $875.6 million grew 44% year-over-year

Q1 net loss narrowed by $230 million year-over-year

Adjusted EBITDA profit of $55 million

SAN FRANCISCO--(BUSINESS WIRE)-- Lyft, Inc. (Nasdaq: LYFT) today announced financial results for its first quarter ended March 31, 2022.

Q1 was better than we expected and rideshare ride volumes reached a new COVID high, said Logan Green, co-founder and chief executive officer of Lyft. This month Lyft will celebrate our 10th anniversary. Im grateful to the team and incredibly excited... More