The earnings call was largely positive, highlighting strong financial performance, significant growth in driver and rider engagement, and successful partnerships that are driving business expansion. While there are challenges with regulatory issues and seasonal impacts from the FREENOW acquisition, these do not overshadow the overall strong performance and strategic advancements, especially in autonomous vehicles and global market expansion.

Company Guidance -

Q3 2025

During the Lyft Second Quarter 2025 Earnings Call, CEO David Risher highlighted that Q2 was a record-breaking quarter with all-time highs in gross bookings, adjusted EBITDA, and free cash flows, marking the first instance in company history of such achievements. Lyft also repurchased $200 million of stock, reducing its share count for the first time. The company experienced a record number of active riders, with rides reaching an all-time high of almost 235 million, driven by a 40% increase in driver activity and double-digit year-on-year growth in new riders for the second consecutive quarter. Lyft is expanding its marketplace with innovations like Lyft Silver and luxury offerings, while also emphasizing partnerships with major brands such as Chase and United. The company is preparing for the integration of autonomous vehicles, which is expected to be transformational across North America and Europe. Risher's remarks underscored Lyft's ongoing customer obsession and operational excellence, setting the stage for continued accelerated growth.

Record-Breaking Financial Performance

Lyft achieved all-time highs across gross bookings, adjusted EBITDA, and free cash flows for the first time in company history. Additionally, Lyft repurchased $200 million worth of stock, reducing the share count.

Driver and Rider Growth

Lyft had over 1 million drivers spending a record amount of hours on the platform, with drivers driving 40% more on average compared to pre-COVID levels. The company also saw a record number of active riders, with new riders increasing double digits year-on-year for the second consecutive quarter.

Partnership Expansion

Lyft announced a new partnership with United Airlines, marking United's first rideshare partner. The Chase and DoorDash partnerships also contributed to growth, with over 1 million connected accounts for Chase and a significant spike in account linking during DoorDash's Summer of DashPass.

Free Cash Flow and Profitability

Free cash flow reached $993 million over a trailing 12-month period, and adjusted EBITDA was up 26% in Q2.

Expansion into Autonomous Vehicles

Lyft announced a partnership with Baidu to introduce autonomous vehicles in Europe, marking a significant step in its AV strategy.

Lyft (LYFT) Earnings, Revenues Date & History

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LYFT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.30 / -	0.287	―	―	―
Aug 06, 2025	2025 (Q2)	0.25 / 0.33	0.238	36.55% (+0.09)
May 08, 2025	2025 (Q1)	0.19 / 0.24	0.148	61.49% (+0.09)
Feb 11, 2025	2024 (Q4)	0.21 / 0.29	0.193	52.33% (+0.10)
Nov 06, 2024	2024 (Q3)	0.19 / 0.29	0.238	20.59% (+0.05)
Aug 07, 2024	2024 (Q2)	0.17 / 0.24	0.155	53.55% (+0.08)
May 07, 2024	2024 (Q1)	0.07 / 0.15	0.076	94.74% (+0.07)
Feb 13, 2024	2023 (Q4)	0.08 / 0.19	-0.762	125.33% (+0.96)
Nov 08, 2023	2023 (Q3)	0.15 / 0.24	0.108	120.37% (+0.13)
Aug 08, 2023	2023 (Q2)	>-0.01 / 0.15	0.132	17.42% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LYFT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$13.99	$14.21	+1.57%
May 08, 2025	$13.00	$16.65	+28.08%
Feb 11, 2025	$14.39	$13.25	-7.92%
Nov 06, 2024	$14.40	$17.69	+22.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.