Lyft, Inc. (LYFT) – Under pressure from rivals and still not diversifying

Lyft, Inc. (LYFT) Q2FY23

Stock performance: Lyft’s stock price showed a downward trend in the past 3-month period and gave (2%) return. The price declined by 12% in the past 1 year. It had a 52-week high of $18.36 and a 52-week low of $7.85.

Quarter Performance: In Q2FY23, revenue increased 3% to $1.02bn as compared to $990.7mn in Q2FY22. In the six-month period, revenue rose 8% to $2.02bn from $1.86bn in the prior period due to increases in Active Riders of 8.2%.

Guidance for Q3FY23: Revenue is expected to be ~$1.13bn to $1.15bn. Adjusted EBITDA is expected to be in the range of $75mn to $85mn.

Highlights

LYFT had a decent second quarter of FY23 and a six-month period, with revenue increasing
3% and 8 Y/Y to $1.02bn and $2.02bn, respectively. However, losses were reduced in the quarter. The challenge facing Lyft is its position as the smaller player in a two-player market heavily dependent on network effects.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Crispidea Coverage

No of Pages: 29

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