Lyft reported its fourth-quarter and full-year 2024 financial results on February 11, 2025, with revenue of $1.55 billion, slightly missing the LSEG analyst expectation of $1.56 billion. However, the company beat expectations on adjusted earnings, reporting 29 cents per share against an LSEG estimate of 22 cents per share.
Gross bookings for Q4 2024 came in at $4.28 billion, falling short of the $4.32 billion FactSet estimate. The company also provided a weak outlook for Q1 2025 gross bookings, projecting a range of $4.05 billion to $4.20 billion, below the $4.24 billion FactSet forecast.
The subdued guidance was attributed to fierce competition with Uber and a lower pricing environment, including increased discounts. Additionally, the ending of the Delta Air Lines partnership is expected to be a 1% to 2% headwind to gross bookings in Q2 2025, impacting future revenue.
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