Ride-hailing company Lyft announced full-year 2021 earnings: revenue of $3.2 billion

In people's daily travel, online car-hailing has become a common and convenient mode of transportation. On February 9, U.S. ride-hailing company Lyft announced its fiscal fourth quarter and full year 2021 financial results. Lyft's fourth-quarter revenue was $969.9 million, up 70% year-over-year, net loss of $258.6 million, narrowed from a net loss of $458.2 million in the year-ago quarter, and excluding certain one-time items (not in accordance with U.S. GAAP), Lyft's adjusted net profit for the fourth quarter was $32.1 million, overall exceeding analyst expectations.

Overall, Lyft's full-year revenue was $3.2 billion, up 36 percent year-over-year and beating analysts' expectations. Lyft's full-year net loss was $1 billion, which included $756.1 million in equity-based reward expense and related payroll tax expense, as well as a charge of $250.3 million related to changes in insurance liabilities required by regulators attributable to historical periods. At present, for ride-hailing companies, the epidemic is the biggest influencing factor at present.

Lyft's total costs and expenses for the full year were $4.29 billion, of which cost of revenue was $1.65 billion; operating and support expenses were $402 million; research and development expenses were $912 million; sales and marketing expenses were $411 million; and general and administrative expenses were $916 million.