Lyft (LYFT) Company Report

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.

Sep 3, 2025, 4:45 AM

Press Release

Lyft: California Legislation Impacts Driver Rights and Insurance Costs

LYFT

Legal Proceedings

Profit Warning

California lawmakers have reached an agreement with rideshare companies, including Lyft, to allow drivers to unionize and collectively bargain while remaining classified as independent contractors.
This agreement includes legislation that significantly lowers uninsured motorist insurance requirements for rideshare companies from $1 million to $60,000 per driver and $300,000 per incident, which is expected to reduce their liability costs.
Lyft's financial situation is concerning, with an Altman Z-Score of -0.85 indicating distress and a risk of bankruptcy within two years, alongside negative operating margins and liquidity constraints.

Aug 29, 2025, 6:15 PM

Bloomberg

Earnings Transcripts

Quarterly earnings call transcripts for Lyft.

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