Lyft (LYFT) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for Lyft.

Analyst Coverage

Research analysts who have asked questions during Lyft earnings calls.

Eric Sheridan

Goldman Sachs

4 questions for LYFT

Also covers: ABNB, ACVA, AMZN +42 more

Stephen Ju

UBS

4 questions for LYFT

Also covers: ABNB, ANGI, BKNG +6 more

Benjamin Black

Deutsche Bank AG

3 questions for LYFT

Also covers: APP, BMBL, COMP +10 more

Douglas Anmuth

JPMorgan Chase & Co.

3 questions for LYFT

Also covers: ABNB, AMZN, BKNG +17 more

Kenneth Gawrelski

Wells Fargo & Company

3 questions for LYFT

Also covers: ABNB, BKNG, CART +12 more

John Blackledge

TD Cowen

2 questions for LYFT

Also covers: AMZN, BMBL, GRND +3 more

Michael Morton

MoffettNathanson

2 questions for LYFT

Also covers: AMZN, CART, CHWY +5 more

Nikhil Devnani

Bernstein

2 questions for LYFT

Also covers: CART, DASH, EBAY +2 more

Shweta Khajuria

Wolfe Research, LLC

2 questions for LYFT

Also covers: BMBL, CART, CHWY +14 more

Steven Fox

Fox Research

2 questions for LYFT

Also covers: AMKR, APH, BDC +23 more

Brad Erickson

RBC Capital Markets

1 question for LYFT

Also covers: CVNA, FVRR, GDDY +7 more

Brian Nowak

Morgan Stanley

1 question for LYFT

Also covers: ABNB, AMZN, BKNG +8 more

Bryan Smilek

JPMorgan Chase & Co.

1 question for LYFT

Also covers: CHGG, COUR, CRTO +4 more

Mark Mahaney

Evercore ISI

1 question for LYFT

Also covers: ABNB, AMZN, BKNG +22 more

Michael McGovern

Bank of America

1 question for LYFT

Also covers: CVNA, DASH, LZ

Rohit Kulkarni

ROTH Capital Partners, LLC

1 question for LYFT

Also covers: FVRR, KIND, RCT +4 more

Latest news

Recent press releases and 8-K filings for LYFT.

Lyft CFO Discusses Record 2025 Performance, Strategic Growth Drivers, and 2026 Outlook

LYFT

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

Lyft's CFO, Erin Brewer, highlighted 2025 as a record-breaking year for the company, marked by quarter after quarter of record growth in active riders, driver hours, and rides, driven by marketplace efficiencies and strong partnerships like DoorDash. Growth was particularly strong in North America, including under-penetrated secondary cities, Canada, and Puerto Rico.
Significant insurance reform in California is set to begin on January 1, 2026, which will substantially lower per-ride insurance costs. This is expected to enable lower pricing, expand the market, increase rides for drivers, and ultimately benefit Lyft.
Lyft is partnering with Waymo to launch autonomous vehicle (AV) services in Nashville in 2026. Lyft will invest $10 million-$15 million in fleet operations and a purpose-built vehicle depot, and Waymo cars will be available on both the Lyft and Waymo apps. Markets with scaled AV deployments have shown much higher growth rates, expanding the overall rideshare market.
The company's ads business is on target to achieve a $100 million run rate by the end of 2025, with future growth focused on experiential advertising that leverages physical world engagement.

Dec 10, 2025, 11:30 AM

Transcript

Lyft Discusses 2025 Performance, 2026 Insurance Reform, AV Strategy, and Ads Business

LYFT

Revenue Acceleration/Inflection

New Projects/Investments

M&A

Lyft experienced a record-breaking 2025 with strong growth in North America, driven by active riders, driver hours, and rides, alongside expansion into under-penetrated markets and new geographies.
Significant insurance reform in California, effective January 1, 2026, is expected to lower costs, enabling lower pricing for riders, market expansion, increased driver utilization, and overall benefits for Lyft.
The company's partnership with Waymo for autonomous vehicle (AV) services will launch in Nashville in 2026, with Lyft investing $10 million to $15 million in fleet operations and a vehicle depot. AVs are noted to expand the market and drive faster growth in cities with scaled deployments.
Lyft's ads business is on track to achieve a $100 million run rate by the end of 2025, with future growth focused on experiential engagement.

Dec 10, 2025, 11:30 AM

Transcript

Lyft CFO Discusses 2025 Performance, Strategic Initiatives, and 2026 Outlook

LYFT

Revenue Acceleration/Inflection

New Projects/Investments

M&A

Lyft reported record-breaking growth in North America for 2025, with record active riders, driver hours, and rides, driven by strength in top markets, under-penetrated cities, and expansion in Canada and Puerto Rico.
New insurance reform in California, effective January 1, 2026, is expected to substantially lower per-ride insurance costs, allowing for lower pricing, market expansion, and increased rides, benefiting all stakeholders.
The company is partnering with Waymo to launch autonomous vehicle (AV) services in Nashville in 2026, investing $10-$15 million in fleet operations, and notes that AVs are expanding the market and driving much higher growth rates in cities with scaled deployments.
Lyft's ads business is on track to reach a $100 million run rate by the end of 2025, with future growth expected from enriching experiential engagement for brands.

Dec 10, 2025, 11:30 AM

Transcript

Lyft Partners with Curb to Integrate Taxi Services

LYFT

New Projects/Investments

Product Launch

Lyft has announced a new partnership with Curb to integrate Lyft ride requests into Curb Flow, Curb's open API that aggregates ride demand.
This integration will first be available in Los Angeles before expanding to additional Curb Flow-enabled cities, aiming to expand taxi access for riders and increase earning potential for drivers.
The partnership enables riders to request a taxi directly in the Lyft app, with drivers receiving trip offers seamlessly through their existing Curb in-vehicle systems, maintaining upfront pricing and consistent service.
Curb Flow has previously increased driver earnings by more than 20 percent in markets like Los Angeles, comparing the first half of 2024 to the first half of 2025.

Nov 10, 2025, 1:00 PM

Press Release

Lyft Announces Q3 2025 Results and Provides Q4 2025 Guidance

LYFT

Earnings

Guidance Update

Share Buyback

Lyft reported Q3 2025 Active Riders of 28.7 million, an 18% year-over-year increase, and 248.8 million Rides, up 15% year-over-year.
Gross Bookings for Q3 2025 reached $4.78 billion, with an Adjusted EBITDA of $139 million and an Adjusted EBITDA Margin of 2.9%.
The company generated $1.028 billion in Free Cash Flow for the trailing twelve months ended Q3 2025.
For Q4 2025, Lyft expects Gross Bookings between $5.01 billion and $5.13 billion and Adjusted EBITDA between $135 million and $155 million.
Lyft is on track to complete $500 million in share repurchases in FY 2025 and anticipates Free Cash Flow well above $1 billion in both FY 2026 and FY 2027.

Nov 5, 2025, 9:30 PM

Presentation

Lyft Reports Strong Q3 2025 Results and Outlines 2026 Growth Catalysts

LYFT

Earnings

Guidance Update

Revenue Acceleration/Inflection

Lyft reported strong Q3 2025 results, with Active Rider growth up 18% year over year, Gross bookings up 16% year over year, and Adjusted EBITDA up 29%, all reaching all-time highs.
The company expects accelerating growth into Q4 2025, guiding for rides to be up mid to high teens and gross bookings to be up 17-20%.
Key catalysts for 2026 growth include the implementation of California insurance reform (SB371), which is projected to reduce rider costs and stimulate demand, as well as full-year contributions from the FreeNow and TBR Global acquisitions.
Growth is also driven by underpenetrated markets in North America, which accounted for 70% of rides growth in Q3, and strategic partnerships like the United partnership and the Waymo autonomous vehicle collaboration.

Nov 5, 2025, 9:30 PM

Transcript

Lyft Reports Record Q3 2025 Financial Results

LYFT

Earnings

Revenue Acceleration/Inflection

Guidance Update

Lyft reported record financial results for Q3 2025, with Gross Bookings of $4.8 billion, up 16% year over year, and revenue of $1.7 billion, up 11% year over year.
The company achieved record Adjusted EBITDA of $138.9 million, a 29% year-over-year increase, and record free cash flow of $277.8 million.
Operational metrics also reached all-time highs, with Active Riders growing 18% year over year to 28.7 million and Rides increasing 15% year over year to 248.8 million.
Lyft generated over $1 billion in cash flow for the trailing twelve months, with free cash flow reaching $1.03 billion.
For Q4 2025, Lyft projects Gross Bookings between $5.01 billion and $5.13 billion and Adjusted EBITDA between $135 million and $155 million, indicating expected continued growth.

Nov 5, 2025, 9:11 PM

8-K

Lyft to Open Major Toronto Tech Hub in 2026

LYFT

New Projects/Investments

M&A

Revenue Acceleration/Inflection

Lyft plans to open its first dedicated office in Toronto in 2026, establishing it as its second-largest North American tech hub after San Francisco and an eventual home for several hundred team members.
This expansion is part of Lyft's global growth strategy, driven by over 20% year-over-year growth in Canadian rides in 2025, and aims to leverage Toronto's talent pool.
The move also reflects Lyft's broader efforts to diversify its global footprint and reduce dependence on the U.S. market, including recent acquisitions of FreeNow for approximately $200 million and TBR Global Chauffeuring for $111.13 million.

Oct 16, 2025, 2:28 PM

CNBC

Lyft Partners with Tensor Auto for Autonomous Robocar Fleet Launch

LYFT

Product Launch

New Projects/Investments

Lyft has partnered with San Jose-based Tensor Auto to launch a fleet of hundreds of autonomous Tensor Robocars across North America and Europe starting in 2027.
These Robocars will feature advanced level 4 autonomous driving technology, including over 100 sensors and Nvidia chips, and will come with Lyft's ride-sharing platform pre-installed.
The initiative allows both fleet owners and individual vehicle owners to generate income by deploying their Robocars on the Lyft platform in select markets, marking Lyft's first commitment to owning and operating its own autonomous fleet.
Lyft's current financial metrics include a market capitalization of approximately $8.44 billion, 13.4% revenue growth over three years, an operating margin of -0.9%, and a net margin of 1.51%.

Oct 9, 2025, 2:41 PM

Bloomberg

Lyft Prices Convertible Senior Notes Offering

LYFT

Debt Issuance

Share Buyback

Lyft announced the pricing of $450 million aggregate principal amount of Convertible Senior Notes due 2030 in a private offering, with settlement expected on September 5, 2025.
The offering is anticipated to generate approximately $438.8 million in net proceeds for Lyft.
Lyft intends to use approximately $37.8 million of the net proceeds to pay for capped call transactions and $95.7 million to repurchase approximately 5.7 million shares of its Class A common stock.
The notes will mature on September 15, 2030, and have an initial conversion price of approximately $23.52 per share, representing a 40.0% conversion premium to the Class A common stock's closing price on September 2, 2025.