Lyft Eyes $1.75B Q4 Revenue and 17.6% User Growth Outlook
Lyft posted $1.69B in Q3 revenue, up 10.7% year on year, but fell 1.2% short of analyst estimates and grew its user base 17.6% to 28.7 million. For Q4, analysts forecast 13% revenue growth to $1.75B and adjusted EPS of $0.32, slowing from 26.6% last year.
1. Last Quarter Results
Lyft posted $1.69 billion in Q3 revenue, marking a 10.7% year-over-year increase, but missed analysts’ estimates by 1.2%. The ride-sharing platform expanded its active user base 17.6% to 28.7 million riders.
2. Q4 Analyst Forecast
For the upcoming quarter, analysts project revenue of $1.75 billion—up 13% year on year—and adjusted earnings of $0.32 per share, representing a deceleration from the 26.6% growth recorded in the same period last year.
3. Peer Performance and Sector Trends
Uber reported 20.1% revenue growth in its recent quarter and met expectations, while Electronic Arts topped estimates with 61.8% growth; the broader consumer internet segment has declined 16% over the past month, with Lyft shares down 16.2%.
4. Valuation and Risks
Lyft trades at $16.49 against an average analyst price target of $24.13, reflecting concern over four revenue misses in two years and potential headwinds from proposed tariffs and corporate tax adjustments for 2025.