Lyft: 3 Key Takeaways for Long-Term Investors

Impact · against what's priced in

The update is largely neutral as the market has already priced in Lyft's shift to positive free cash flow and the risk of AV disruption. While growth remains strong, it does not yet provide a definitive catalyst to flip the market's current assumption of severe revenue deceleration.

LYFT+0.20

Challenges what's priced in

The price assumes

A revenue decline at a 12.8% annual rate over the next decade

The 17% year-over-year growth in gross bookings to $5.6 billion directly contradicts the severe revenue decline currently assumed by the price.

What LYFT's price assumes · Sep 13

• earnings
• DASH
• LYFT
• autonomous vehicles
• consumer services
• free cash flow
• partnerships
• rideshare
• self driving
• share buybacks

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