Record-Breaking Quarter
Lyft achieved all-time highs across gross bookings, adjusted EBITDA, and free cash flows for the first time in company history.
Significant Stock Repurchase
Lyft reduced share count by repurchasing $200 million worth of stock.
Driver and Rider Engagement
Over 1 million drivers spent a record number of hours with Lyft, driving 40% more on average compared to pre-COVID levels. Active riders increased by 10% and frequency by mid-single digits.
Strategic Partnerships
Lyft announced impactful partnerships with United Airlines, Chase, DoorDash, and others, expected to drive growth with integrated loyalty programs and incentives.
Autonomous Vehicle Expansion
Lyft's partnership with Baidu aims to introduce autonomous vehicles in Europe, expanding market potential and enhancing service offerings.