Lyft Inc. (NASDAQ:LYFT) posted mixed first-quarter results after Thursday’s closing bell, missing the Street’s earnings estimate. Here's a look at the details inside the report.
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Lyft Q1 Details
Lyft reported quarterly earnings of four cents per share, which missed the analyst consensus estimate of six cents by 33.33%, according to Benzinga Pro data.
Quarterly revenue came in at $1.65 billion, which beat the Street estimate of $1.63 billion and was up from $1.45 billion in the same period last year.
Lyft reported the following first quarter highlights:
- Gross Bookings of $4.9 billion, up 19% year over year.
- Active Riders was up 17% year over year to 28.3 million.
- Net income of $14.2 million compared to $2.6 million in the first quarter of 2025.
- Net income as a percentage of Gross Bookings of 0.3% compared to 0.1% in the first quarter of 2025.
- Adjusted EBITDA up 25% year over year to $132.8 million compared to $106.5 million in the first quarter of 2025.
- Adjusted EBITDA margin as a percentage of Gross Bookings of 2.7% compared to 2.6% in the first quarter of 2025.
- Net cash provided by operating activities of $307.7 million compared to $287.2 million in the first quarter of 2025.
- For the trailing twelve months, net cash provided by operating activities was $1.2 billion.
- Free cash flow of $287.3 million compared to $280.7 million in the first quarter of 2025.
“Our customer-obsessed comeback continues,” said Lyft CEO David Risher.
“We delivered on all our financial commitments, grew our share in the United States, and deepened our global expansion. Looking ahead, our state-of-the-art Flexdrive AV operation in Nashville sets the stage for a hybrid AV future. Lyft is performing while transforming,” Risher added.
LYFT Stock Price: According to data from Benzinga Pro, Lyft stock was down 3.11% to $13.72 in Thursday's extended trading.
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