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

in , , on October 17, 2023

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.


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.

This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.



– 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


Crispidea Coverage

No of Pages: 29

To download the previous quarter’s equity/report CLICK HERE

To Download other equity/reports CLICK HERE

Follow our LinkedIn page for more updates.

Release Information

  • Price


  • Released

    October 17, 2023

  • Last Updated

    October 17, 2023