Lyft: Q1 Earnings Insights - Lyft (NASDAQ:LYFT)

Lyft LYFT reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Lyft beat estimated earnings by 216.67%, reporting an EPS of $0.07 versus an estimate of $-0.06.

Revenue was up $125.42 million from the same period last year.

Last quarter the company missed on EPS by $0.89 which was followed by a 36.44% drop in the share price the next day.

Here's a look at Lyft's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.13	0.07	-0.03	-0.07
EPS Actual	-0.76	0.10	0.13	0.07
Revenue Estimate	1.16B	1.06B	987.94M	846.00M
Revenue Actual	1.18B	1.05B	990.75M	875.58M

To track all earnings releases for Lyft visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.