Lyft Shares Fall After Company Profitability Timeline Unchanged

Published on: 12 Feb, 2020

Lyft, Inc. (NASDAQ: LYFT) announced Tuesday after market financial results for its fourth quarter and fiscal year ended December 31, 2019.

The on-demand ride-sharing Company reported Q4 2019 revenue of $1,017.1 million versus $669.5 million in the fourth quarter of 2018, an increase of 52 percent year-over-year.

Net loss for Q4 2019 was $356.0 million versus a net loss of $248.9 million in the same period of 2018. Net loss for Q4 includes $207.3 million of stock-based compensation and related payroll tax expenses, as well as $18.8 million related to changes to the liabilities for insurance required by regulatory agencies attributable to historical periods. Net loss margin for Q4 was 35.0 percent and 37.2 percent in the fourth quarter of 2018.

Overall, Lyft topped $1 billion in quarterly revenue for the first time as riders grew more than expected. This impressive achievement was not enough to keep the shares from felling about 5% Wednesday after the company kept its timeline for hitting profitability unchanged. This is only a week after Lyft’s largest competitor, Uber Technologies, Inc. (NYSE: UBER) pulled forward its target datewith the target of becoming profitable.

“Fiscal 2019 was an exceptional year across the board. We significantly improved our path to profitability while simultaneously reaching critical milestones toward our long-term strategy,” said Logan Green, co-founder and chief executive officer of Lyft. “Continued strength in core rideshare drove our industry-leading growth, led by product innovation and operational excellence on every facet of our robust transportation platform. With the Lyft transportation network, we are already helping over 22 million consumers get around in a much more simple and economical way. Today, people can go to the Lyft app and choose their preferred mode of transportation, including cars, bikes, scooters, and public transit - all in one place.”


  • 2195Views
  • 10Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Danny Abramov



Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

19 Jun, 2017 3081
21 Jun, 2017 12736
03 Jul, 2017 3010
05 Jul, 2017 3081



Feb 28, 2020 at 02 24 pm

Добрый день друзья!
Наша компания сдает уютные домики в гурзуфе



Feb 28, 2020 at 02 25 pm

Здравствуйте товарищи!
Наша контора сдает уютные домики в гурзуфе



Feb 28, 2020 at 02 27 pm

Доброго времени суток дамы и господа!
Наша контора сдает уютные домики в гурзуфе



Feb 28, 2020 at 02 28 pm

Привет друзья!
Наша контора сдает уютные домики в гурзуфе



Jun 16, 2020 at 02 14 pm

Cheap Viagra Online [url=]Cialis[/url] Levitra Kaufen Niederlande Cialis Propecia Es Bueno 1 Mg



Jul 06, 2020 at 04 02 pm

Amoxicillin And Pediatric Dosage accurffrut [url=]tadalafil cialis[/url] Viancy venta viagra cordoba fortiods Cialis MoreKeli Cialis Nombre Generico


cheap cialis online pharmacy

Aug 30, 2020 at 05 38 am

Hydrochlorothiazide On Line No Prior Script Optineeswepe [url=]generic cialis tadalafil[/url] Envivy levitra efectos Oraphy cialis prices geadly Can You Get Zoloft Over The Counter



Dec 29, 2020 at 06 32 am

Is Amoxicillin Safe In Pregnancy Optineeswepe [url=]cialis from india[/url] Envivy Cialis Generika Kaufen Deutschland



May 17, 2021 at 02 18 am

generic viagra[/url]



Jun 11, 2022 at 04 07 pm

Viagra Legal Kaufen Deutschland [url=]Cialis[/url] Cialis Levitra Im Vergleich Fvijsf online cialis Comprar Cialis Internet Foro - cialis without a doctor's prescription Cmibrq