Lyft earnings report Q1 2023

Lyft shares dropped nearly 15% in extended trading on Thursday after the ride-hailing company issued a weaker-than-expected forecast for the second quarter.

Here’s how the company did in the first quarter, according to analysts surveyed by Refinitiv:

• Loss per share: 7 cents adjusted vs. loss of 6 cents expected
• Revenue: $1 billion vs. $981 million expected

Lyft reported a net loss of $187.6 million, or 50 cents a share, including stock-based compensation costs and related payroll expenses of $186.6 million. In the year-ago period, the…