Lyft Could Become Covid Rebound Winner With These Key Metrics from Q3 Earnings
November 03, 2021
I/O Fund
Team
In the short video below, I go over Lyft’s record Q3 results. The company appears poised to exit covid much stronger, as revenue per ride and contribution margin reach all time highs during the quarter. Adjusted EBITDA has also been positive for two quarters in a row, a trend that will likely continue going forward.
Key trends should improve in 2022, which should benefit Lyft’s top and bottom -line. For example, business travel is still subdued, and a continued recovery in business travel is expected as vaccination rates increase. This should support an increase in rides, allowing Lyft to continue to scale its operations. I also discuss broader macro trends that contribute to Lyft's business model. Watch the find out more!
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