LyftAfter the Tuesday bell, it reported its fourth quarter results. Although it beat expectations on revenue and adjusted earnings per share, the company said that there were fewer active riders this quarter than previous quarters. After-hours, shares rose by 3% on earnings.

Below are some key numbers

• Earnings per share: 9 cents, adjusted, vs 8 cents expected in a Refinitiv survey of analysts
• Revenue: $970 million vs $940.1 million expected by Refinitiv
• Active riders: 18.73 vs 20.2 million expected, per StreetAccount
• Revenue per active rider: $51.79 vs $46.54 expected, according to StreetAccount

Lyft recorded 18.73 million active passengers in the quarter ended 2021. That’s almost half of its total riders. year-over-yearStreetAccount analysts expected 20.2 million riders in the fourth quarter, but it was below their expectations. The decline is from the third quarterLyft claimed it had 18.94 million active ridersNot quite at the pre-pandemic level. Lyft claimed that 22.9 Million active Lyft riders were in their service. fourth quarter of 2019For instance,

Lyft stated that “despite short-term headwinds caused by omicron we are optimistic about full year 2022.” new CFOElaine Paul stated in a statement.

Although the company did not immediately give guidance on Q1, it is likely to talk about expectations during its earnings conference, which will be held at 4:30 pm. ET. StreetAccount guidance predicts that the company will report 21.7million active riders in the first quarter 2022.

The quarter-overquarter Lyft revenues jumped by 12% to $969.9 millions. Easy comparables caused the Covid-19 epidemic have helped to drive 70% of this increase year-over-year. Record revenue per active rider was also recorded at $51.79, an increase of 14% over the prior year.

Lyft posted a loss of $258.6 millions for its quarter, compared to a loss of $458.2million in the same period in 2020. Lyft reported that its losses included $164.2million of stock-based compensation as well as related payroll taxes expenses.

Lyft reported an adjusted EBITDA profit (earnings before interest taxes, depreciation, amortization) of $74.7 million. Lyft posted an adjusted EBITDA figure of $67.3 million in its previous quarter.

The company’s difficulties with driver demand and supply imbalances during the pandemic have led to high costs and lengthy wait times. Lyft will host an earnings conference where executives are likely to update shareholders on the status of driver rates and investment.

This story is still in development. Stay tuned for new updates.

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