Lyft Q3 revenue grew 10.7% helped by record number of rides

Lyft

05/11/2025 21:17

Overview

Lyft Q3 2025 revenue marginally misses analyst expectations, record gross bookings of $4.8 bln

Net income for Q3 2025 improves to $46.1 mln from $(12.4) mln in Q324

Adjusted EBITDA slightly misses analyst estimates, reaching $138.9 mln

Outlook

Lyft projects Q4 2025 gross bookings of $5.01 bln to $5.13 bln

Company expects Q4 rides growth in mid- to high-teens year over year

Lyft anticipates Q4 adjusted EBITDA of $135 mln to $155 mln

Result Drivers

AUTONOMOUS VEHICLE PARTNERSHIPS - Lyft announced more partnerships in the autonomous vehicle space, including a supply management partnership with Waymo and a planned partnership with Tensor for consumer-owned autonomous vehicles

LUXURY CHAUFFEURING ACQUISITION - Lyft acquired TBR Global Chauffeuring to enhance its service offerings with luxury chauffeuring, combining Lyft's technology with TBR's service excellence

RIDES AND RIDERS GROWTH - Lyft achieved all-time high records for Active Riders and Rides, with rides growing 15% year over year and active riders increasing 18% year over year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Meet
$1.69 bln
$1.70 bln (39 Analysts)
Q3 Net Income
$46.10 mln
Q3 Adjusted EBITDA
Slight Miss*
$138.90 mln
$139.97 mln (37 Analysts)
Q3 Adjusted EBITDA Margin
2.90%
Q3 Gross Bookings
$4.80 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy", 33 "hold" and 1 "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 $20.50, about 5.3% above its November 4 closing price of $19.42

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 38 three months ago

Press Release: ID:nBw8DqYy2a

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(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.)