Lyft files will be released and we are pleased – TechCrunch

Hello and welcome to Equity Shot, a short episode of the series in which we dive into a unique new. Guess what are we talking about today ?! This is Lyft . You guessed correctly.

The Lyft S-1 is the very first major event of the S-1 in 2019. As you may remember, the government ended the IPO process by ending the Securities and Exchange Commission, an agency that plays the most active public role. Now the government is open and the Lyft deposit, once private, is now a public deposit.

You can read Kate's deep dive here or mine here, but what follows is a glimpse of what we talked about in the series. Here is the SEC filing if you want to follow.

At the top are revenues and growth. Lyft's revenues have grown from $ 1.06 billion to nearly $ 2.2 billion between 2017 and 2018. This is impressive.

Next is the costs. Lyft's costs increased significantly in 2018 compared to the previous year. In fact, Lyft's total cost profile has risen from $ 1.77 billion in 2017 to $ 3.13 billion in 2018. That's a lot, and each figure is well above its revenue.

Which leads us to losses. True, these sales figures look hot, but at the same time, Lyft lost $ 911 million in 2018 and $ 688 million the previous year. As Alex points out, this ratio is improving and suggests a positive future (maybe even profitable ???) for Lyft.

However, while S-1 has its ups and downs, two data points are not GAAP compliant, but allowed us to appreciate Lyft's work a little bit more. As we explain, the share of Lyft bookings (total value of services) from its platform increases, as does its revenue per passenger. These bode well for the future, too.

We closed the episode by discussing Lyft's project to reward his pilots. The company helps drivers – the heart of its business – to earn a piece of this delicious IPO cake with a $ 10,000 bonus. Megan Rose Dickey from TechCrunch has more on this topic here. In addition, we would have neglected not to discuss the Lyft scooter game, which apparently spent $ 60 million last year.

All this and we did an S-1. Let's have a little more, and quickly.