#1FEBRUARY 8, 2022 Q4 Fiscal 2021 Earnings Supplemental Data lyn lyft#2Forward Looking Statements & Non-GAAP Financial Measures This presentation and the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Lyft's future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Lyft's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this presentation and the accompanying oral presentation include, but are not limited to, statements regarding Lyft's future financial and operating performance, including its outlook, expectations regarding profitability, cost reductions, revenue, Contribution Margin, and Adjusted EBITDA, demand for Lyft's products and services and the markets in which Lyft operates and the future of transportation-as-a-service, the impact of the COVID-19 pandemic and the timing of economic recovery on our business, results of operations, and the markets in which we operate, rider and driver activity, including driver supply, on the Lyft platform and future incentive levels, and litigation and regulatory matters. Lyft's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including the effect of the COVID-19 pandemic and related impact on Lyft's business, trends in Lyft's business, in particular recovery in rides and driver supply levels, the sufficiency of Lyft's unrestricted cash, cash equivalents, and short-term investments, as well as risks associated with the outcome of litigation and regulatory matters. The forward-looking statements contained in this presentation are also subject to other risks and uncertainties, including those more fully described in Lyft's filings with the Securities and Exchange Commission, including our arterly Report Form 10-Q that was filed with the SEC on November 4, 2021 and in our Annual Report on form 10-K that will be filed following this presentation. The forward-looking statements in this presentation are based on information available to Lyft as of the date hereof, and Lyft disclaims any obligation to update any forward-looking statements, except as required by law. 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-looking non-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. This presentation and the accompanying oral presentation also contain statistical data, estimates and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to such information. We have not independently verified the accuracy or completeness of the information contained in the industry publications and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that information nor do we undertake to update such information after the date of this presentation. 2#3Key Highlights Q4'21 +70% Revenue growth year-over-year $51.79 Record Revenue Per Active Rider 59.7% Record Contribution Margin $75M Adjusted EBITDA profit, 11% improvement from Q3'21 (1) (2) (3) (4) Note: Q4 Revenue of $970 million grew 12% quarter-over-quarter and 70% year-over-year and exceeded the midpoint of our outlook by ~$35 million¹ Record Contribution Margin of 59.7% exceeded guidance of 59%² Record Revenue per Active Rider of $51.79 grew 14% year-over-year and benefited from improving service levels and a larger mix of longer, higher revenue rides Active Riders of 18.7 million increased 49% year-over-year, with new rider activations up 42% year-over-year Q4 Adjusted EBITDA of $75 million improved 11% quarter-over-quarter and was in line with the top end of our outlook³ ● Active drivers grew by 34% year-over-year driven in part by a ~50% increase in new driver activations versus Q4'204 Company outlook for Q4'21 Revenue of $930-940 million was provided during the Q3'21 earnings call on November 2, 2021. Company outlook for Q4'21 Contribution Margin of 59% was provided during the Q3'21 earnings call on November 2, 2021. Company outlook for Q4'21 Adjusted EBITDA of $70-75 million was provided during the Q3'21 earnings call on November 2, 2021. An active driver is defined as a driver who has given at least one rideshare ride on the Lyft network during the quarter. Certain figures above are non-GAAP financial measures. Please see the explanation of non-GAAP measures as well as the reconciliation from GAAP to non-GAAP measures contained in the appendix to this presentation. 3#4Revenue ($ in millions) Note: $570 Actual Q4'20 Revenue $930 - $940 Outlook Q4'21 $970 Actual Q4'21 Company outlook for Q4'21 Revenue of $930-940 million was provided during the Q3'21 earnings call on November 2, 2021. Revenue Growth (Year-over-Year) Note: (44%) Actual Q4'20 Revenue Growth 63% - 65% Outlook Q4'21 70% Actual Q4'21 Company outlook for Q4'21 Revenue growth of 63-65% was provided during the Q3'21 earnings call on November 2, 2021. 4#5Revenue Per Active Rider All-time High Revenue Per Active Rider in Q4'21 $45.06 Note: $39.06 $39.94 $45.40 $45.13 $44.63 +$6.16 $45.63 $51.79 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Revenue per Active Rider in Q4'21 grew 14% year-over-year to $51.79 from $45.40 in Q4'20. On a sequential basis, Revenue per Active Rider in Q4'21 grew 13% to $51.79 from $45.63 in Q3'21. Active Riders (in millions) 21.2 Note: 8.7 12.5 12.6 13.5 17.1 18.9 18.7 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Active Riders in Q4'21 grew 49% year-over-year to 18.7 million from 12.6 million in Q4'20. On a sequential basis, Active Riders in Q4'21 declined 1% to 18.7 million from 18.9 million in Q3'21. 5#6Contribution Margin (Non-GAAP) 23.1% 18.5% Note: 28.4% 23.1% FY '16 31.4% 39.8% 37.8% 39.7% FY '17 35.3% ...…....... 42.1% 45.0% 45.5% FY '18 49.6% ......... 46.0% 50.1% 54.0% Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19: Q1'20 Q2'20 Q3'20 Q4'20: Q1'21 Q2'21 Q3'21 Q4'21 FY '19 57.3% 34.6% Please see the explanation of non-GAAP measures as well as the reconciliation from GAAP to non-GAAP measures contained in the appendix to this presentation. 49.8% 55.5%: 55.4% FY '20 59.1% 59.4% 59.7% FY '21 6#7Adjusted EBITDA Actual vs Outlook ($ in millions) Note: ($150) Q4'20 +$2M* $70 - $75 Q4'21 Outlook Actual $75 Q4'21 (*) Midpoint of Adjusted EBITDA outlook for Q4'21 of $72.5 million was provided during the Q3'21 earnings call on November 2, 2021. The figures above are non-GAAP financial measures. Please see the explanation of non-GAAP measures as well as the reconciliation from GAAP to non-GAAP measures contained in the appendix to this presentation. Adjusted EBITDA & Margin ($ in millions) (28%) H ($216) Q1'19 Note: (24%) ($204) (13%) (13%) ($128) ($131) Adjusted EBITDA (9%) ($85) (83%) (48%) ($240) Margin (26%) ($150) (12%) ($73) $24 3% $67 8% $75 8% ($280) Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 The figures above are non-GAAP financial measures. Please see the explanation of non-GAAP measures as well as the reconciliation from GAAP to non-GAAP measures contained in the appendix to this presentation. 7#8Reconciliations from GAAP to Non-GAAP and Trended Financial Statements#9Condensed Consolidated Balance Sheet ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Prepaid expenses and other current assets Total current assets Restricted cash and cash equivalents Restricted investments Other investments Property and equipment, net Operating lease right of use assets Intangible assets, net Goodwill Note: Other assets Total Assets $ $ Q1 597.9 $ 2,072.0 474.9 3,144.8 529.1 940.8 10.0 360.5 307.8 88.7 180.6 9.5 5,571.8 $ Q2 Fiscal 2020 841.1 1934.9 320.2 3,096.2 210.3 Due to rounding, numbers presented may not add up precisely to the totals provided. 971.8 10.0 353.6 297.2 79.7 182.8 12.8 5,214.4 $ $ Q3 424.8 2,028.6 299.6 2,753.1 115.2 1,199.8 10.0 335.7 284.0 71.8 182.7 16.0 4,968.3 $ $ Q4 319.7 $ 1,931.3 343.1 2,594.1 118.6 1,101.7 10.0 313.3 275.8 65.8 182.7 17.0 4,679.0 Q1 312.2 1,925.1 343.7 2,581.0 183.6 940.4 10.7 308.4 260.9 61.3 182.7 16.9 $ 4,545.8 $ $ Q2 Fiscal 2021 484.2 1,761.3 357.0 2,602.6 144.6 920.2 75.3 322.0 248.4 59.3 180.9 18.1 4,571.4 $ Q3 728.4 1,653.9 511.0 2,893.3 143.8 898.4 75.3 322.5 235.2 54.9 180.5 20.4 4,824.3 $ $ Q4 457.3 1,796.5 522.2 2,776.1 73.2 1,044.9 80.4 298.2 223.4 50.8 180.5 46.5 4,773.9 9#10Condensed Consolidated Balance Sheet (cont.) ($ in millions) Q1 Liabilities, Redeemable Convertible Preferred Stock and Stockholders' Equity Current liabilities: Accounts payable Insurance reserves Accrued and other current liabilities Operating lease liabilities current Total current liabilities Operating lease liabilities Long-term debt, net of current portion Other liabilities Total Liabilities Redeemable convertible preferred stock Stockholders' equity Preferred stock Common stock Additional paid in capital Accumulated other comprehensive income Accumulated deficit Total stockholders' equity Total liabilities, redeemable convertible preferred stock and stockholders' equity Note: $ 540.5 975.1 991.4 44.1 2,551.1 305.9 82.1 25.2 $ 2,964.3 $ 8,554.5 (1.4) (5,945.6) 2,607.5 5,571.8 $ $ $ Q2 Fiscal 2020 48.2 $ 943.6 939.5 48.3 1,979.6 293.0 623.4 21.9 2,917.9 8,674.2 5.1 (6,382.8) 2,296.5 5,214.4 Due to rounding, numbers presented may not add up precisely to the totals provided. $ $ Q3 26.0 $ 922.6 1,047.5 49.0 2,045.2 278.8 622.7 18.6 2,965.2 8,838.0 7.3 (6,842.3) 2,003.1 4,968.3 $ $ Q4 84.1 987.1 945.0 49.3 2,074.5 265.8 644.2 18.3 3,002.8 8,977.1 (0.5) (7,300.4) 1,676.2 4,679.0 $ $ $ Q1 69.9 1,058.4 1,038.4 54.2 2,220.8 252.0 651.6 12.5 3,137.0 9,136.9 (0.3) (7,727.8) 1,408.9 4,545.8 $ $ $ Q2 Fiscal 2021 77.4 $ 1,035.8 1,123.7 54.5 2,291.5 237.2 659.8 18.2 3,206.6 9,346.0 (1.6) (7,979.7) 1,364.8 4,571.4 $ $ Q3 127.4 1,011.2 1,206.5 54.8 2,399.9 223.0 662.5 54.8 3,340.2 9,538.4 (3.1) (8,051.2) 1,484.1 4,824.3 $ $ $ Q4 129.5 1,068.6 1,211.6 53.8 2,463.6 210.2 655.2 50.9 3,379.9 9,706.3 (2.5) (8,309.8) 1,394.0 4,773.9 10#11Condensed Consolidated Statement of Operations ($ in millions, except per share items) Revenue Cost and expenses Cost of revenue Operations and support Research and development Sales and marketing General and administrative Total costs and expenses Loss from operations Interest expense Other income (expense), net¹ Loss before income taxes Provision for (benefit from) income taxes Net loss Net loss per share, basic and diluted Weighted-average shares used to compute net loss per share, basic and diluted (1) Note: $ Q1 955.7 542.4 133.8 258.7 196.4 238.5 1,369.8 (414.1) (1.5) 19.1 (396.5) 1.6 (398.1) $ (1.31) $ 304.5 Q2 $ 339.3 251.4 98.6 203.1 51.8 221.9 826.8 (487.5) (6.5) 12.1 Fiscal 2020 309.2 (481.9) (44.8) $ (437.1) (1.41) $ $ Q3 $ 499.7 261.6 123.1 232.1 78.5 257.7 953.1 (453.4) (12.5) 7.5 (458.4) 1.1 $ (459.5) $ (1.46) $ 314.5 Q4 $ 569.9 Total Q1 $ 2,364.7 $ 609.0 392.1 98.4 215.2 89.5 228.0 1,023.3 (453.4) (12.1) 4.9 (460.6) (1,797.4) (2.5) (44.5) (458.2) $ (1,752.9) (1.43) $ (5.61) 320.3 1,447.5 454.0 909.1 416.3 946.1 4,173.1 (1,808.4) (32.7) 43.7 312.2 Other income (expense), net includes a benefit from a pre-tax gain from the divestiture relating to our self-driving vehicle division, Level 5 in Q3'21. Due to rounding, numbers presented may not add up precisely to the totals provided. Q2 $ 765.0 412.0 88.9 238.2 78.6 207.6 1,025.4 (416.4) (12.6) 3.6 (425.4) 1.9 $ (427.3) $ (1.31) $ $ 326.2 346.9 93.8 252.0 99.9 212.5 1,005.1 (240.1) (12.8) 1.7 (251.2) 0.7 (251.9) (0.76) 332.1 Fiscal 2021 Q3 $ 864.4 $ $ Q4 $ 969.9 337.8 364.0 109.7 226.7 109.0 231.9 1,041.3 (176.9) (13.1) 125.0 (64.9) 6.6 (71.5) $ (258.6) (0.21) $ (0.75) $ 526.6 109.9 195.0 123.9 263.6 1,218.9 (249.0) (13.1) 5.5 (256.6) 2.0 Total $ 3,208.3 342.7 1,649.5 402.2 911.9 411.4 915.6 4,290.8 (1,082.4) (51.6) 135.9 (998.1) 11.2 $ (1,009.4) (3.02) 334.7 11#12Condensed Consolidated Statement of Cash Flows ($ in millions) Cash flows from operating activities Net loss Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization Stock-based compensation Amortization of premium on marketable securities Accretion of discount on marketable securities Amortization of debt discount and issuance costs Note: Deferred income tax impact from convertible senior notes Loss (gain) on sale and disposal of assets, net Gain on divestiture Other Changes in operating assets and liabilities: Prepaid expenses and other assets Operating lease right-of-use assets Accounts payable Insurance reserves Accrued and other liabilities Lease liabilities Net cash provided by (used in) operating activities $ Q1 (398.1) 35.5 160.0 0.5 (7.8) 3.2 0.1 (83.7) 20.3 500.0 (403.3) (25.3) (8.3) $ (206.9) $ Q2 Due to rounding, numbers presented may not add up precisely to the totals provided. $ (437.1) $ (459.5) $ (458.2) 44.5 105.8 1.2 (4.0) 4.1 (46.3) 10.8 2.2 Fiscal 2020 155.0 13.1 (495.8) (31.5) (64.3) (9.4) (751.7) Q3 41.7 166.7 2.4 (1.6) 8.4 4.2 Q4 3.9 35.7 133.3 2.4 (0.7) 8.6 (3.0) (1.8) Total $ (1,752.9) 157.4 565.8 6.5 (14.1) 21.1 (46.3) 15.2 4.4 13.5 (45.2) 14.1 13.7 (19.4) 59.7 (21.0) 64.4 105.9 (53.0) (15.0) (20.5) $ (155.7) $ (264.6) $ (1,378.9) $ 39.6 61.2 44.5 (391.4) (36.7) (53.2) Q1 $ (427.3) $ (252.0) 34.4 164.2 1.5 (0.4) 8.5 0.3 2.9 Q2 0.2 15.0 (11.1) 71.4 71.4 (10.5) (79.5) $ 34.6 201.0 0.9 (0.2) 8.7 I 0.9 (0.4) (12.8) 15.6 6.4 (22.6) 0.5 (18.2) (37.5) Fiscal 2021 $ $ Q3 (71.5) 37.1 198.4 0.9 (0.3) 9.1 I (5.6) (119.3) 0.4 (161.9) 17.5 49.2 (24.7) 118.1 (5.9) 41.5 Q4 $ (258.6) 33.3 160.9 0.8 (0.6) 9.3 9.9 0.4 Total $ (1,009.4) (32.6) 13.3 2.6 57.5 (8.6) (13.8) $ (26.2) $ 139.3 724.6 4.1 (1.5) 35.6 5.5 33 (119.3) 3.3 (207.0) 61.3 47.1 81.6 181.4 (48.3) (101.7) 12#13Condensed Consolidated Statement of Cash Flows (cont.) ($ in millions) Cash flows from investing activities Purchases of marketable securities Purchase of non-marketable securities Purchases of term deposits Proceeds from sales of marketable securities Proceeds from maturities of marketable securities Proceeds from maturities of term deposits Purchases of property and equipment and scooter fleet Purchases of other intangible assets Cash paid for acquisitions, net of cash acquired Sale of property and equipment Proceeds from divestiture Other Net cash provided by (used in) investing activities Cash flows from financing activities Repayment of loans Proceeds from issuance of convertible senior notes Payment of debt issuance costs Purchase of capped call Proceeds from exercise of stock options and other common stock issuances Taxes paid related to net share settlement of equity awards Principal payments on finance lease obligations Other Net cash provided by (used in) financing activities Note: Q1 $ (1,179.3) (10.0) (75.0) 406.5 $ 1,661.5 30.0 (34.5) (12.4) 0.9 $ 787.7 (6.1) 2.3 (6.8) (6.2) $ (1,042.7) GA $ $ (16.8) Due to rounding, numbers presented may not add up precisely to the totals provided. Q2 $ (288.8) 41.4 1,291.8 112.8 (21.7) 0.1 92.9 (11.9) 734.1 (0.4) (132.7) 11.9 (4.4) (11.8) 584.8 Fiscal 2020 Q3 (1,146.6) $ (355.0) 28.3 1,058.4 90.0 (14.6) 13.9 $ (325.6) $ $ (17.6) $ (0.4) 0.4 (3.3) (11.1) (32.0) Q4 $ (744.1) $ (4,112.7) $ (981.7) (10.0) (1,110.3) 656.9 4,745.9 645.6 (93.6) $ (391.5) 180.7 734.2 412.8 (22.8) 0.1 16.0 185.4 (15.0) 11.4 (5.7) (12.6) (1.5) (23.4) Total (12.3) 30.9 $ 740.4 $ $ (50.6) 734.1 (0.8) (132.7) 26.0 (20.2) (41.7) (1.5) $ 512.6 Q1 $ (75.0) 17.1 1,169.8 36.0 (10.7) 5.7 161.1 (10.0) 3.2 (7.7) (9.9) $ (24.3) $ $ $ Q2 $ (745.6) (201.5) 64.9 789.3 276.5 (9.8) 8.8 (10.0) (2.0) 180.6 $ 17.2 (8.0) (8.8) Fiscal 2021 (9.7) $ $ $ Q3 (797.7) (165.0) 271.5 524.7 295.0 (36.2) 16.0 122.7 231.0 (14.0) 1.0 (6.1) (10.0) (29.1) Q4 $ (1,276.8) (5.0) (16.5) 159.6 775.4 68.0 (22.5) $ 12.1 $ (305.7) $ $ (10.5) $ $ (3,801.7) (5.0) (458.0) 513.0 3,259.2 675.5 (79.2) 12.5 (4.4) (6.9) Total 42.5 122.7 (2.0) 267.0 (44.4) 33.8 (26.3) (35.5) (9.3) $ (72.5) 13#14Condensed Consolidated Statement of Cash Flows (cont.) ($ in millions) Net cash provided by (used in) operating activities Net cash provided by (used in) investing activities Net cash provided by (used in) financing activities Effect of foreign exchange on cash, cash equivalents and restricted cash and cash equivalents Net increase (decrease) in cash and cash equivalents and restricted. cash and cash equivalents Cash and cash equivalents and restricted cash and cash equivalents Beginning of period End of period Reconciliation of cash, cash equivalents and restricted cash and cash equivalents to the condensed consolidated balance sheets Cash and cash equivalents Restricted cash and cash equivalents Restricted cash, incl. in prepaid expenses and other current assets Total cash, cash equivalents and restricted cash and cash equivalents Note: Q1 $ (206.9) $ 787.7 (16.8) $ $ (0.1) 563.9 $ 597.9 529.1 1.4 $ 1,128.4 Q2 (751.7) 92.9 584.8 (0.4) (74.4) Due to rounding, numbers presented may not add up precisely to the totals provided. 564.5 1,128.4 1,128.4 $ 1,054.0 $ 841.1 210.3 2.6 $ 1,054.0 Fiscal 2020 Q3 Q4 $ (155.7) $ (264.6) (325.6) (32.0) 185.4 (23.4) $ $ 0.2 $ (513.1) 1,054.0 540.9 424.8 115.2 0.9 540.9 0.2 $ (102.4) Total $ (1,378.9) 740.4 512.6 540.9 $ 438.5 $ 319.7 118.6 0.2 $ 438.5 $ (0.1) (126.0) 319.7 118.6 0.2 $ 564.5 438.5 $ 438.5 $ Q1 (79.5) $ 161.1 (24.3) 57.4 $ 438.5 495.9 $ 312.2 183.6 0.1 $ 495.9 $ Q2 (37.5) $ 180.6 (9.7) 133.3 Fiscal 2021 484.2 144.6 0.5 495.9 629.2 $ 629.2 $ (0.2) $ Q3 41.5 $ 231.0 (29.1) $ 243.2 629.2 872.4 728.4 143.8 0.2 872.4 $ $ Q4 (26.2) $ (305.7) (9.3) (341.2) 872.4 531.2 457.3 73.2 0.7 531.2 $ $ Total (101.7) 267.0 (72.5) (0.1) 92.7 438.5 531.2 457.3 73.2 0.7 531.2 14#15Non-GAAP Condensed Consolidated Statement of Operations ($ in millions, except per share items) (1) Revenue Cost of revenue Operating expenses Operations and support Research and development Sales and marketing General and administrative Total costs and expenses Non-GAAP loss from operations Interest expense Non-GAAP other income (expense), net¹ Non-GAAP income (loss) before income taxes Provision for (benefit from) income taxes Adjusted net income (loss) Adjusted net income (loss) per share, basic Weighted-average shares used to compute adjusted net income (loss) per share, basic Note: Q1 $ 955.7 $ 408.3 Q2 339.3 304.5 222.0 129.3 153.8 190.8 186.9 1,069.1 (113.4) (1.5) 19.1 (95.8) (310.6) (44.8) 1.6 $ (97.4) $ (265.8) $ (0.32) $ (0.86) 309.2 87.6 133.8 43.8 168.3 655.5 (316.2) (6.5) 12.1 Fiscal 2020 $ Q3 499.7 250.9 $ 117.6 130.7 71.1 203.6 774.0 (274.2) (12.5) 7.5 (279.3) 1.1 Q4 Total 569.9 $ 2,364.7 $ 253.9 93.2 130.1 81.7 191.6 750.5 (180.6) (12.1) 4.9 (187.8) (2.5) $ (280.4) $ (185.3) $ (0.89) $ (0.58) $ 314.5 320.3 1,135.1 427.7 548.4 387.5 750.5 3,249.1 (884.4) (32.7) 43.7 (873.5) (44.5) (828.9) $ (2.66) $ 312.2 Q1 609.0 271.7 $ 83.4 132.0 69.5 155.5 712.2 (103.2) (12.6) 3.6 Q2 765.0 313.0 86.2 130.2 88.6 153.2 771.2 (6.2) (12.8) 1.7 (112.2) (17.3) 1.9 0.7 (114.1) $ (18.0) $ (0.35) $ (0.05) $ 326.2 Fiscal 2021 Q3 $ 864.4 $ 332.1 350.8 103.3 109.4 99.1 167.1 829.7 34.7 (13.1) 2.8 24.4 6.6 17.8 0.05 337.8 $ $ Q4 969.9 391.1 103.7 100.3 112.9 216.7 924.6 45.3 (13.1) 1.9 Total $ 3,208.3 34.1 2.0 32.1 $ $ 0.09 342.7 Non-GAAP other income (expense), net excludes (i) the pre-tax gain from the divestiture relating to our self-driving vehicle division, Level 5 in Q3'21, and (ii) sublease income, which is presented as a contra-expense to the related lease rent expense within operating expenses for non-GAAP purposes. Due to rounding, numbers presented may not add up precisely to the totals provided. 1,326.7 376.5 471.9 370.2 692.4 3,237.7 (29.4) (51.6) 10.0 (71.0) 11.2 (82.2) (0.25) 334.7 15#16GAAP to Non-GAAP Reconciliations ($ in millions) Reconciliation of Contribution Revenue (1) (2) Less: cost of revenue Amortization of intangible assets Stock-based compensation expense Restructuring charges Contribution (Non-GAAP) Contribution Margin (Non-GAAP) Note: Payroll tax expense related to stock-based compensation. Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods¹ Transaction costs rel. to certain legacy auto insurance liabilities Sublease income² Q1 $ 2.8 9.7 0.7 58.4 $ 955.7 $ 339.3 $ 499.7 $ 569.9 (542.4) (261.6) (251.4) 3.7 (392.1) 2.8 2.8 4.5 7.0 7.5 0.3 0.2 0.2 62.5 Q2 547.4 $ 57.3% Fiscal 2020 17.4 Q3 3.5 117.3 $ 34.6% 0.7 248.8 49.8% Q4 $ 127.7 Total $2,364.7 $ (1,447.5) 12.0 28.7 1.5 204.1 62.5 3.5 316.0 $ 1,229.5 55.5% 52.0% $ Q1 609.0 (412.0) 2.8 8.4 1.1 128.0 337.3 55.4% | $ Q2 Fiscal 2021 $ 765.0 $ 864.4 $ (346.9) (364.0) 3.2 2.8 10.2 10.2 0.3 0.2 20.2 Q3 452.0 $ 59.1% 513.6 59.4% Q4 969.9 (526.6) 2.3 10.7 0.2 122.3 $ 578.8 59.7% Total $ 3,208.3 (1,649.5) 11.0 39.5 1.8 250.3 20.2 $ 1,881.6 58.6% In future periods, adverse developments and benefits that result from deferred gains related to claims ceded under our reinsurance agreement may have net impact on our statement of operations. To help investors assess Lyft's ongoing operating performance and to provide better comparability with Lyft's historically disclosed metrics, this net impact will be excluded from the calculation of Contribution, Adjusted EBITDA and Adjusted Net Income (Loss) through this line. For the GAAP income statement, sublease income is included as other income while the related lease rent expense is included in its respective operating expense line item. For non-GAAP purposes, sublease income is presented as a contra-expense to the related lease rent expense. There has been no sublease income allocated to cost of revenue through December 31, 2021. Due to rounding, numbers presented may not add up precisely to the totals provided. 16#17GAAP to Non-GAAP Reconciliations (cont.) ($ in millions) (1) Non-GAAP Operating Expenses¹ GAAP Operations and Support Amortization of intangible assets Stock-based compensation expense Note: Payroll tax expense related to stock-based compensation Sublease income¹ Restructuring charges Non-GAAP Operations and Support GAAP Research and Development Amortization of intangible assets Stock-based compensation expense Payroll tax expense related to stock-based compensation Sublease income¹ Restructuring charges Non-GAAP Research and Development Q1 4.1 0.4 $ (129.3) $ Q2 $ (258.7) $ 2.9 95.6 6.4 $ (133.8) $ (98.6) $ (123.1) $ (98.4) Fiscal 2020 1.5 0.3 9.2 (87.6) $ Q3 (203.1) $ 2.9 52.2 2.9 5.3 0.2 Q4 (232.1) $ 2.9 96.2 2.3 4.9 0.2 Total $ (454.0) $ (88.9) 15.8 1.1 Q1 - 4.9 0.6 0.1 9.4 (117.6) $ (93.2) $ (427.7) $ (83.4) (215.2) $ (909.1) $ (238.2) 0.8 9.6 81.6 325.6 2.7 14.3 0.2 95.6 10.4 $ Q2 (93.8) 7.2 0.4 $ (86.2) $ (252.0) 0.2 117.9 3.8 11.3 11.3 $ (153.8) $ (133.8) $ (130.7) $ (130.1) $ (548.4) $ (132.0) $ (130.2) Fiscal 2021 Q3 $ (109.7) $ (109.9) 6.2 0.2 Q4 $ (103.3) $ (103.7) 111.5 2.8 2.9 5.9 0.2 0.1 $ (226.7) $ (195.0) 0.1 89.4 1.7 3.5 $ (109.4) Total $ (402.2) 24.1 1.5 0.1 $ (376.5) $ (911.9) 0.4 414.3 18.8 6.5 $ (100.3) $ (471.9) For the GAAP income statement, sublease income is included as other income while the related lease rent expense is included in its respective operating expense line item. For non-GAAP purposes, sublease income is presented as a contra-expense to the related lease rent expense. Due to rounding, numbers presented may not add up precisely to the totals provided. 17#18GAAP to Non-GAAP Reconciliations (cont.) ($ in millions) (1) Non-GAAP Operating Expenses¹ GAAP Sales and Marketing Note: Amortization of intangible assets Stock-based compensation expense Payroll tax expense related to stock-based compensation Sublease income¹ Restructuring charges Non-GAAP Sales and Marketing GAAP General and Administrative Amortization of intangible assets Stock-based compensation expense Payroll tax expense related to stock-based compensation Sublease income¹ Costs related to acquisitions and divestitures Transaction costs rel. to certain legacy auto insurance liabilities Restructuring charges Non-GAAP General and Administrative Q1 0.3 4.8 0.5 $ (196.4) $ (51.8) $ 0.3 4.4 0.3 $ (190.8) $ $ (238.5) $ 1.3 45.8 1.9 Q2 0.4 2.2 Fiscal 2020 3.0 (43.8) $ 7.5 $ (186.9) $ (168.3) Q3 (78.5) 0.3 6.9 0.2 (221.9) $ (257.7) 1.7 1.7 51.3 43.2 1.2 1.1 Q4 $ (89.5) $ 0.3 7.3 0.3 (71.1) $ (81.7) $ (228.0) 1.6 32.0 1.4 Total (416.3) $ (78.6) 1.2 0.3 23.4 8.0 1.2 0.8 3.0 $ (387.5) Q1 $ (946.1) 6.3 172.2 5.6 $ (99.9) 0.3 10.5 0.5 $ (69.5) $ Q2 $ (207.6) $ 1.2 47.3 3.6 (212.5) 1.2 55.3 1.8 Fiscal 2021 (88.6) $ 0.9 0.2 $ (109.0) 0.3 9.3 0.2 $ 0.4 2.2 1.4 8.9 $ (203.6) $ (191.6) $ (750.5) $ (155.5) $ (153.2) $ Q3 (99.1) (231.9) 1.6 61.3 1.3 0.6 (167.1) Q4 $ (123.9) 0.3 10.5 0.2 $ (112.9) $ 1.5 44.5 1.0 Total (411.4) 1.2 38.2 1.8 $ (370.2) $ (263.6) $ (915.6) 5.5 208.4 7.6 For the GAAP income statement, sublease income is included as other income while the related lease rent expense is included in its respective operating expense line item. For non-GAAP purposes, sublease income is presented as a contra-expense to the related lease rent expense. There has been no sublease income allocated to sales and marketing or general and administrative expenses through December 31, 2021. Due to rounding, numbers presented may not add up precisely to the totals provided. 1.5 0.2 $ (216.7) $ (692.4) 18#19GAAP to Non-GAAP Reconciliations (cont.) ($ in millions) GAAP Total Costs and Expenses Amortization of intangible assets Stock-based compensation expense (1) (2) Payroll tax expense related to stock-based compensation Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods¹ Sublease income² GAAP Loss from Operations Amortization of intangible assets Stock-based compensation expense Note: Costs related to acquisitions and divestitures Transaction costs rel. to certain legacy auto insurance liabilities Restructuring charges Non-GAAP Total Costs and Expenses Payroll tax expense related to stock-based compensation Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods¹ Sublease income² Q1 $ (1,369.8) 7.3 160.0 9.9 $ 58.4 0.4 64.7 Q2 $ (826.8) 58.4 8.6 105.8 5.0 0.4 64.7 17.4 (414.1) $ (487.5) 7.3 160.0 8.6 105.8 9.9 5.0 34.5 $ (1,069.1) $ (655.5) $ (774.0) Fiscal 2020 17.4 $ Q4 Q3 (953.1) $ (1,023.3) 7.7 5.5 166.7 133.3 4.0 4.8 0.7 $ (453.4) 7.7 166.7 4.0 0.7 127.7 1.5 $ (750.5) $ (453.4) 5.5 133.3 4.8 127.7 Total $ (4,173.1) 29.2 565.8 23.7 204.1 1.5 $ (180.6) 0.4 64.7 36.0 $ (3,249.1) $ (1,808.4) 29.2 565.8 23.7 204.1 Q1 $ (1,025.4) 4.5 164.2 16.5 128.0 $ (712.2) Q2 $ (1,005.1) 128.0 4.8 201.0 6.8 0.9 20.4 $ (771.2) $ (416.4) $ (240.1) 4.5 164.2 16.5 4.8 201.0 6.8 0.9 20.4 Fiscal 2021 Q3 Q4 $ (1,041.3) $ (1,218.9) 4.7 198.4 4.9 2.9 0.6 $ (829.7) $ (176.9) 4.7 198.4 4.9 - 2.9 0.6 4.1 160.9 3.3 122.3 3.7 $ (924.6) $ (249.0) 4.1 160.9 3.3 122.3 3.7 Total $ (4,290.8) 18.1 724.6 31.5 250.3 6.6 1.5 20.4 $ (3,237.7) $ (1,082.4) 18.1 724.6 31.5 Costs related to acquisitions and divestitures 0.4 64.7 Transaction costs rel. to certain legacy auto insurance liabilities Restructuring charges 34.5 36.0 $ (113.4) $ (316.2) $ (274.2) $ (884.4) $ (103.2) $ (6.2) $ 34.7 $ 45.3 $ (29.4) Non-GAAP Loss from Operations In future periods, adverse developments and benefits that result from deferred gains related to claims ceded under our reinsurance agreement may have a net impact on our statement of operations. To help investors assess Lyft's ongoing operating performance and to provide better comparability with Lyft's historically disclosed metrics, this net impact will be excluded from the calculation of Contribution, Adjusted EBITDA and Adjusted Net Income (Loss) through this line. For the GAAP income statement, sublease income is included as other income while the related lease rent expense is included in its respective operating expense line item. For non-GAAP purposes, sublease income is presented as a contra-expense to the related lease rent expense. Due to rounding, numbers presented may not add up precisely to the totals provided. 250.3 6.6 1.5 20.4 19#20GAAP to Non-GAAP Reconciliations (cont.) ($ in millions, except per share items) Reconciliation of Net Loss to Non-GAAP Adjusted Net Income (Loss) GAAP Net Loss Amortization of intangible assets Stock-based compensation expense Costs related to acquisitions and divestitures Transaction costs rel. to certain legacy auto insurance liabilities Restructuring charges Adjusted Net Income (Loss) Adjusted net income (loss) per share, basic Weighted-average shares used to compute adjusted net income (loss) per share, basic (1) (2) Payroll tax expense related to stock-based compensation Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods¹ Sublease income² Note: $ (398.1) 7.3 160.0 9.9 $ Q1 $ 58.4 0.4 64.7 Q2 304.5 Fiscal 2020 17.4 Q3 $ (437.1) $ (459.5) 8.6 105.8 5.0 7.7 166.7 4.0 0.7 Q4 314.5 $ (458.2) 5.5 133.3 4.8 127.7 0.4 64.7 34.5 1.5 36.0 (97.4) $ (265.8) $ (280.4) $ (185.3) $ (828.9) (0.32) $ (0.86) $ (0.89) $ (0.58) $ (2.66) 309.2 Total 320.3 $ (1,752.9) 29.2 565.8 23.7 204.1 312.2 Q1 $ (427.3) 4.5 164.2 16.5 128.0 $ (114.1) $ $ (0.35) $ 326.2 | Q2 $ (251.9) $ 4.8 201.0 6.8 0.9 20.4 (18.0) (0.05) Fiscal 2021 Q3 332.1 $ $ (71.5) 4.7 198.4 4.9 (118.7) Q4 $ (258.6) 4.1 160.9 3.3 17.8 $ 0.05 $ 337.8 122.3 32.1 $ 0.09 $ 342.7 Total $ (1,009.4) 18.1 724.6 31.5 250.3 (117.7) 20.4 (82.2) (0.25) 334.7 In future periods, adverse developments and benefits that result from deferred gains related to claims ceded under our reinsurance agreement may have a net impact on our statement of operations. To help investors assess Lyft's ongoing operating performance and to provide better comparability with Lyft's historically disclosed metrics, this net impact will be excluded from the calculation of Contribution, Adjusted EBITDA and Adjusted Net Income (Loss) through this line. For the GAAP income statement, sublease income is included as other income while the related lease rent expense is included in its respective operating expense line item. For non-GAAP purposes, sublease income is presented as a contra-expense to the related lease rent expense. The non-GAAP presentation of sublease income as a contra-expense has no impact to Adjusted Net Income (Loss). Due to rounding, numbers presented may not add up precisely to the totals provided. 20#21GAAP to Non-GAAP Reconciliations (cont.) ($ in millions) Reconciliation of Net Loss to Non-GAAP Adjusted EBITDA GAAP Net Loss Adjusted for the following Interest expense Other income, net¹ Provision for (benefit from) income taxes Depreciation and amortization Stock-based compensation expense (1) (2) (3) Payroll tax expense related to stock-based compensation Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods² Sublease income³ Adjusted EBITDA Note: Costs related to acquisitions and divestitures Transaction costs rel. to certain legacy auto insurance liabilities Restructuring charges Adjusted EBITDA Margin Q1 $ (398.1) 1.5 (19.1) 1.6 35.5 160.0 9.9 58.4 0.4 64.7 Q2 7.0 (12.1) (44.8) 44.5 105.8 5.0 17.4 Fiscal 2020 $ (437.1) $ (459.5) $ (458.2) 34.0 Q3 13.1 (7.5) 1.1 41.7 166.7 4.0 0.7 Q4 $ (85.2) $ (280.3) $ (239.7) (8.9%) (82.6%) (48.0%) 12.6 (4.9) (2.5) 35.7 133.3 4.8 127.7 1.5 $ (150.0) (26.3%) Total 34.3 (43.7) (44.5) 157.4 565.8 23.7 $ (1,752.9) $ (427.3) $ (251.9) 204.1 0.4 64.7 35.5 Q1 $ (755.2) (31.9%) 12.9 (3.6) 1.9 34.4 164.2 16.5 128.0 $ (73.0) (12.0%) Q2 $ 13.1 (1.7) 0.7 34.5 201.0 6.8 0.9 20.4 23.8 3.1% Fiscal 2021 Q3 $ $ (71.5) 13.4 (125.0) 6.6 37.0 198.4 4.9 2.9 0.6 67.3 7.8% Q4 $ (258.6) $ 13.3 (5.5) 2.0 33.3 160.9 3.3 122.3 3.7 74.7 7.7% Total $ (1,009.4) $ 52.8 (135.9) 11.2 139.3 724.6 31.5 250.3 6.6 1.5 20.4 92.9 2.9% Other income (expense), net includes a benefit from a pre-tax gain from the divestiture relating to our self-driving vehicle division, Level 5 in Q3'21. In future periods, adverse developments and benefits that result from deferred gains related to claims ceded under our reinsurance agreement may have a net impact on our statement of operations. To help investors assess Lyft's ongoing operating performance and to provide better comparability with Lyft's historically disclosed metrics, this net impact will be excluded from the calculation of Contribution, Adjusted EBITDA and Adjusted Net Income (Loss) through this line. For the GAAP income statement, sublease income is included as other income while the related lease rent expense is included in its respective operating expense line item. For non-GAAP purposes, sublease income is presented as a contra-expense to the related lease rent expense. Due to rounding, numbers presented may not add up precisely to the totals provided. 21