Pinwan, November 8th, the US online car-hailing company Lyft today announced the company’s third quarter financial report for fiscal 2022. The report shows that Lyft’s third-quarter revenue was $1.0538 billion, an increase of 22% compared with $864.4 million in the same period last year and a 6% increase compared to $990.7 million in the previous quarter; net loss was $422.2 million, compared with last year’s $990.7 million. The net loss for the same period was $99.7 million compared with the net loss of $377.2 million in the previous quarter; Lyft’s third-quarter adjusted net profit was $36.7 million, compared to the same period last year. Adjusted net income was $17.8 million, compared to $46.4 million in the prior quarter.
Lyft’s total active riders totaled 20.312 million in the third quarter, up 7.2% from 18.942 million a year earlier, but missed analysts’ expectations. Analysts on average had expected Lyft to have 21.2 million active riders in the third quarter, according to financial information provider FactSet.
Lyft’s average revenue per active passenger in the third quarter was $51.88, up 13.7% from $45.63 a year earlier, beating analyst expectations. Analysts on average had expected Lyft’s average revenue per active passenger to reach $49.40 in the third quarter, according to data provided by FactSet.
Source: financial report
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- 2022-11-08 Lyft’s third-quarter revenue of $1.0538 billion net loss widened year-on-year
- 2022-08-05 Lyft’s second-quarter revenue of $990 million, net loss widened year-on-year
- 2022-02-10 Lyft’s fourth-quarter revenue was $969.9 million, up 70% year-on-year
- 2021-05-05 Lyft’s first-quarter revenue of $600 million, net loss widened year-on-year
- 2020-11-10 Lyft’s third-quarter revenue of $500 million, net loss narrowed year-on-year
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