LYFT Q4 2024: Revenue Shortfall, Earnings Beat
Lyft (NASDAQ: LYFT) reported mixed financial results for Q4 CY2024. Revenue fell short of market expectations, but earnings per share (EPS) significantly surpassed estimates.
Financial Highlights:
* Revenue: $1.55 billion (26.6% YoY growth, 0.9% miss)
* EPS (GAAP): $0.15 (significant beat, vs. consensus estimate of -$0.01)
* Adjusted EBITDA: $112.8 million (7.3% margin, 8.6% beat)
* Operating Margin: 1.8% (improvement from -4.9% in Q4 CY2023)
* Active Riders: 24.7 million (2.3 million YoY growth)
Key Growth Metrics:
* Sales Growth: 21.7% annualized revenue growth over the last three years
* User Growth: 10% annualized growth in active riders over the last two years
Challenges and Opportunities:
* Revenue shortfall due to macroeconomic headwinds
* Deceleration in projected revenue growth over the next 12 months
* Ongoing competition in the ride-sharing market
Valuation and Recommendation:
Lyft's stock price declined by 9.8% following the earnings report. Despite the mixed results, Lyft remains a growth company with a solid user base. Its valuation is attractive relative to its growth prospects.
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