Lyft Q1 revenue rises, beats estimates on active rider growth

Lyft

07/05/2026 21:18

Overview

US ride-hailing platform's Q1 revenue rose 14% yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 increased 25% and beat analyst expectations

Company completed acquisition of Gett’s UK business, expanding presence in London

Outlook

Lyft sees Q2 gross bookings of $5.30 bln to $5.43 bln, up 18% to 21% year over year

Company expects Q2 adjusted EBITDA of $160 mln to $180 mln

Lyft forecasts Q2 adjusted EBITDA margin of 3.0% to 3.3%

Result Drivers

ACTIVE RIDERS - Co said record Q1 Active Riders, up 17% yr/yr, drove platform growth

PARTNERSHIPS - Co said nearly 27% of North America rides were linked to partnerships, an all-time high, with expanded offerings across major partners

GLOBAL EXPANSION - Co completed acquisition of Gett’s UK business, expanding presence in London

Company press release: ID:nBw7ttLVqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.70 bln
$1.63 bln (37 Analysts)
Q1 Net Income
$14.20 mln
Q1 Adjusted EBITDA
Beat
$132.80 mln
$131.37 mln (34 Analysts)
Q1 Adjusted EBITDA Margin
2.70%
Q1 Gross Bookings
$4.90 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy", 32 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Lyft Inc is $18.00, about 26.5% above its May 6 closing price of $14.23

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)