Lyft Inc ( (LYFT) ) has released its Q1 earnings. Here is a breakdown of the information Lyft Inc presented to its investors.
Lyft Inc., a prominent player in the ridesharing industry, offers a multimodal transportation platform that includes rideshare, bikes, and scooters, aiming to connect people through convenient and accessible travel solutions.
In its latest earnings report for the first quarter of 2025, Lyft Inc. announced a robust financial performance, marking its strongest start to the year with record growth in gross bookings and active riders. The company also highlighted significant cash flow generation and an increase in its share repurchase program.
Key financial metrics for the quarter included a 13% year-over-year increase in gross bookings to $4.2 billion and a 14% rise in revenue to $1.5 billion. Lyft reported a net income of $2.6 million, a significant improvement from the previous year’s loss. The adjusted EBITDA also saw a notable increase, reaching $106.5 million. Operationally, Lyft achieved a record 16% growth in rides and an 11% increase in active riders.
Strategically, Lyft is expanding its demographic reach with the launch of Lyft Silver, targeting older adults, and is planning to acquire FREENOW to enhance its presence in Europe. The company is also innovating with new driver tools like the AI-powered Earnings Assistant.
Looking ahead, Lyft’s management remains optimistic about continued growth, projecting mid-teens rides growth and further increases in gross bookings and adjusted EBITDA for the second quarter of 2025, supported by strong rider and driver engagement and strategic initiatives.