Just thought I'd highlight some interesting numbers that showed both sides of the Lyft story. I am not saying this is a good or bad investment, just hadn't seen any good facts posted about them so thought I'd split the good and bad. There's obviously a lot of growth, and this could all be shaken up by the Uber IPO.
Good numbers:
1) Lyft’s revenue grew from $343 million in 2016 to $1.06 billion in 2017 to nearly $2.2 billion in 2018. More than doubling revenue in a year at that volume is impressive.
2) Lyft’s booking volume grew from $1.9 billion in 2016 to $4.6 billion in 2017 to $8.1 billion in 2018. Their revenue from point 1 is their cut of this booking volume.
3) Lyft defines an "Active Rider" as someone who took a trip in any form from their platform within the reported quarter. The Active rider number was up from 12.6 million Q4 2017 to 18.6 Q4 2018
4) Revenue per active rider. In December 2016 the company reported 6.6 million active riders, which brought in about $18.53 per rider. December 2018 this has risen to 18.6 million active riders, which brought in about $36.04 per rider.
Bad Numbers
1) Total Costs rose from $1.77 billion in 2017 to $3.13 billion in 2018 (that's crazy to me)
2) 2017 lost $688 million, 2018 lost $911 million
3) Lyft spent $60 million on scooters in 2018... not sure if that's ood or bad, but going for bad
4) The company’s 2017 adjusted EBITDA deficit came to $696.1 million. That figure rose to $943.5 million in 2018.
My anecdotal comment is that I'm worried by the time they head towards true profitability that Waymo or another driverless car service will be more prevalent, and that the scooters and bike sharing service will be popular but not transformative for their business
Links
S1 Image of consolidated statement (all the numbers): https://i.imgur.com/W5hdWv0.png
Full S1 filing: https://www.sec.gov/Archives/edgar/data/1759509/000119312519059849/d633517ds1.htm
https://news.crunchbase.com/news/lyfts-ipo-filing-finally-drops-heres-what-you-need-to-know/
https://news.crunchbase.com/news/lyft-reports-rider-revenue-growth-ahead-of-ipo/
And the Equity podcast was also a source
Submitted March 03, 2019 at 02:04PM by EducationUmbrella https://ift.tt/2Ug4fIE
