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Lyft Inc | 10-Q: Q2 2024 Earnings Report

Lyft Inc | 10-Q: Q2 2024 Earnings Report

Lyft Inc | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/08 04:16

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Lyft achieved its first quarterly net profit in Q2 2024, with revenue surging 41% year-over-year to $1.44 billion. The company reported net income of $5 million, compared to a net loss of $114.3 million in Q2 2023. Adjusted EBITDA rose 151% to $102.9 million, while Gross Bookings increased 17% to $4.02 billion. Active Riders grew 10% to 23.7 million, with total rides up 15% to 205.3 million.The company strengthened its financial position through strategic debt management, issuing $460 million in convertible notes due 2029 and repurchasing $356.8 million of 2025 Notes. Operating cash flow improved significantly to $276.2 million, compared to negative $70 million in the prior year period. Insurance costs increased by $189.9 million due to industry-wide inflation and higher claims costs.Looking ahead, Lyft continues to focus on marketplace efficiency and cost management while expanding its offerings. The company launched new initiatives including Women+ Connect and a driver earnings commitment guaranteeing at least 70% of weekly passenger payments. Management remains focused on maintaining profitability while investing in growth opportunities and platform improvements.
Lyft achieved its first quarterly net profit in Q2 2024, with revenue surging 41% year-over-year to $1.44 billion. The company reported net income of $5 million, compared to a net loss of $114.3 million in Q2 2023. Adjusted EBITDA rose 151% to $102.9 million, while Gross Bookings increased 17% to $4.02 billion. Active Riders grew 10% to 23.7 million, with total rides up 15% to 205.3 million.The company strengthened its financial position through strategic debt management, issuing $460 million in convertible notes due 2029 and repurchasing $356.8 million of 2025 Notes. Operating cash flow improved significantly to $276.2 million, compared to negative $70 million in the prior year period. Insurance costs increased by $189.9 million due to industry-wide inflation and higher claims costs.Looking ahead, Lyft continues to focus on marketplace efficiency and cost management while expanding its offerings. The company launched new initiatives including Women+ Connect and a driver earnings commitment guaranteeing at least 70% of weekly passenger payments. Management remains focused on maintaining profitability while investing in growth opportunities and platform improvements.
Lyft在2024年第二季度实现了首个季度净利润,营业收入同比激增41%,达到14.4亿美金。该公司报告的净利润为500万美元,而2023年第二季度则净亏损11430万美元。调整后息税折旧摊销前利润(EBITDA)增长了151%,达到10290万美元,而总预定金额增加了17%,达到40.2亿美金。活跃乘客人数增长了10%,达到2370万人,总乘车次数增加了15%,达到20530万次。该公司通过战略性债务管理加强了财务状况,发行了到2029年的46000万美金可转换票据,并回购了35680万美元的2025年票据。经营现金流显著改善,达到27620万美元,而去年同期为负7000万美元。由于行业普遍...展开全部
Lyft在2024年第二季度实现了首个季度净利润,营业收入同比激增41%,达到14.4亿美金。该公司报告的净利润为500万美元,而2023年第二季度则净亏损11430万美元。调整后息税折旧摊销前利润(EBITDA)增长了151%,达到10290万美元,而总预定金额增加了17%,达到40.2亿美金。活跃乘客人数增长了10%,达到2370万人,总乘车次数增加了15%,达到20530万次。该公司通过战略性债务管理加强了财务状况,发行了到2029年的46000万美金可转换票据,并回购了35680万美元的2025年票据。经营现金流显著改善,达到27620万美元,而去年同期为负7000万美元。由于行业普遍通货膨胀和更高的索赔成本,保险费用增加了18990万美元。展望未来,Lyft继续关注市场效率和成本管理,扩展其产品服务。该公司推出了新举措,包括Women+ Connect以及确保至少获得70%周乘客付款的司机收入承诺。管理层专注于保持盈利能力,同时投资于增长机会和平台改进。
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