Q3 Fiscal 2021 Earnings

Supplemental Data

November 2, 2021

Forward Looking Statements

  • Non-GAAPFinancial Measures

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In addition to financial information presented in accordance with U.S. generally accepted accounting principles ("GAAP"), this presentation and the accompanying oral presentation include certain non-GAAP financial measures, including Contribution, Contribution Margin, Adjusted EBITDA, Adjusted EBITDA Margin, adjusted net loss, adjusted net loss per share and non-GAAP operating expenses. These non-GAAP measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP. These non-GAAP measures have limitations as analytical tools, and they should not be considered in isolation or as a substitute for analysis of other GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP measures is included at the end of this presentation. We have not provided the forward-looking GAAP equivalents for certain forward-lookingnon-GAAP measures presented in the accompanying oral presentation, or a GAAP reconciliation, as a result of the uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation expense. Accordingly, a reconciliation of these non-GAAP guidance metrics to their corresponding GAAP equivalents is not available without unreasonable effort. However, it is important to note that material changes to reconciling items could have a significant effect on future GAAP results.

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2

Key Highlights Q3'21

73%

Revenue growth year-over-year

$45.63

  • Q3 Revenue of $864 million grew 13% quarter-over-quarter and 73% year-over-year and exceeded the midpoint of our outlook by ~$10 million(1)
  • Record Revenue per Active Rider of $45.63 grew 14% year-over-year and benefited from a 6% sequential increase in ride frequency
  • Active Riders of 18.9 million increased 11% quarter-over-quarter and 51% year-over-year. New rider activations increased 47% year-over-year

Record Revenue per Active Rider

Record Contribution Margin of 59.4% above our outlook of 58.5-59.

(2)

Record Contribution Margin

Adjusted EBITDA profit,

nearly triple the level in Q2'21

Q3 Adjusted EBITDA of $67 million nearly tripled quarter-over-quarter and exceeded our outlook(3)

Active drivers grew nearly 20% sequentially driven in part by a 34% increase in

new driver activations in Q3 versus

(4)

  1. Company outlook for Q3'21 Revenue of $850-860 million was reported during the Q2'21 earnings call on August 3, 2021.
  2. Company outlook for Q3'21 Contribution Margin of 58.5-59.0% was reported during the Q2'21 earnings call on August 3, 2021.
  3. Company outlook for Q3'21 Adjusted EBITDA of $25-35 million was reported during the Q2'21 earnings call on August 3, 2021.

(4)

An active driver is defined as a driver who has given at least one rideshare ride on the Lyft network during the quarter.

3

Note:

Certain figures above are non-GAAP financial measures. Please see the explanation of non-GAAP measures as well as the reconciliation from

GAAP to non-GAAP measures contained in the appendix to this presentation.

.

Revenue

Revenue Growth

($ in millions)

(Year-over-Year)

Revenue

Revenue Growth

$864

$850 - $860

73%

70% - 72%

$500

(48%)

Actual

Outlook

Actual

Actual

Outlook

Actual

Q3'20

Q3'21

Q3'21

Q3'20

Q3'21

Q3'21

4

Note: Company outlook for Q3'21 Revenue of $850-860 million was reported during the Q2'21 earnings call on

Note: Company outlook for Q3'21 Revenue growth of 70-72% was reported during the Q2'21 earnings call on

August 3, 2021.

August 3, 2021.

Revenue Per Active Rider

All-time High Revenue PerActive Rider in Q3'21

Active Riders

(in millions)

+$1.00

$45.06

$45.

$45.13

$45.63

$44.63

21.2

+11%

18.9

$39.94

$39.

Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21

Note: Revenue per Active Rider in Q3'21 grew 14% year-over-year to $45.63 from $39.94 in Q3'20. On a sequential basis, Revenue per Active Rider in Q3'21 grew 2% to $45.63 from $44.63 in Q2'21.

17.1

13.5

12.5

12.6

8.7

Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21

Note: Active Riders in Q3'21 grew 51% year-over-year to 18.9 million from 12.5 million in Q3'20. On a sequential basis, Active Riders in Q3'21 grew 11% to 18.9 million from 17.1 million in Q2'21.

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Lyft Inc. published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 20:58:05 UTC.