Quarterly ResultMay 7, 2026, 04:20 PM
Lyft Q1 Gross Bookings +19% to $4.9B; Active Riders +17%
AI Summary
Lyft reported strong financial results for the first quarter ended March 31, 2026, with Gross Bookings up 19% year-over-year to $4.9 billion and Active Riders increasing 17% to a record 28.3 million. Net income significantly improved to $14.2 million, and Adjusted EBITDA grew 25% to $132.8 million. The company also highlighted strategic expansion with the acquisition of Gett's UK business and provided a positive Q2 2026 outlook, projecting Gross Bookings of $5.30 billion to $5.43 billion.
Key Highlights
- Lyft Q1 Gross Bookings grew 19% year-over-year to $4.9 billion.
- Active Riders increased 17% year-over-year to a record 28.3 million.
- Net income rose significantly to $14.2 million compared to $2.6 million in Q1'25.
- Adjusted EBITDA increased 25% year-over-year to $132.8 million.
- Closed the acquisition of Gett’s UK business, expanding into London.
- Q2 2026 Gross Bookings outlook is $5.30B-$5.43B, up 18%-21% year-over-year.
- Generated $1.1 billion in free cash flow for the trailing twelve months, an all-time high.