🔹 Revenue: $1.55B (Est. $1.556B) 🟡; UP +27% YoY
🔹 Gross Bookings: $4.3B (Est. $4.315B) 🟡; UP +15% YoY
🔹 Adj EBITDA: $112.8M (Est. $104.05M) 🟢; UP +69% YoY
🔹 Net Income: $61.7M (Est. $85.80M) 🔴
Q1'25 Guidance:
🔹 Gross Bookings: $4.05B-$4.20B (Est. $4.262B) 🔴
🔹 Adjusted EBITDA: $90M-$95M
Q4'24 Operational Metrics:
🔹 Rides: 219M; UP +15% YoY
🔹 Active Riders: 24.7M (Est. 24.56M) 🟢; UP +10% YoY
🔹 Revenue per Active Rider: $62.7
Strategic Updates:
🔸 Announced $500M Share Repurchase Program for Class A common stock.
🔸 Surpassed all targets set during the Investor Day, achieving record cash flow and margin expansion.
🔸 Lyft continues to outperform on driver preference and achieved industry-best ETAs during Q4.
Management Commentary:
🔸 CEO David Risher: "2024 was a record-smashing year for Lyft, with all-time highs in rides, riders, and service levels. In 2025, we’ll focus on delivering a better rideshare choice for millions."
🔸 CFO Erin Brewer: "We achieved record Gross Bookings, significant margin expansion, and our first full year of GAAP profitability, setting a strong foundation for our multi-year growth plan."