LYFT · Lyft, Inc.

Lyft's Q1 2026 results demonstrate continued momentum in its customer-obsessed strategy, with CEO David Risher highlighting delivery on financial commitments, U.S. market share gains, and global expansion including the recent closure of Gett’s UK acquisition. Active Riders reached a record 28.3 million, up 17% year-over-year, driving Gross Bookings to $4.9 billion (19% growth) and Revenue to $1.7 billion (14% growth). Profitability improved markedly, with GAAP net income rising to $14.2 million from $2.6 million prior year, and Non-GAAP Adjusted EBITDA expanding 25% to $132.8 million, or 2.7% of Gross Bookings. CFO Erin Brewer emphasized double-digit growth across key metrics and over $1 billion in trailing twelve-month cash generation, underscoring operational strength. Operational highlights include 27% of North America rides linked to partnerships (e.g., Chase, DoorDash, United Airlines) and upcoming Nashville Flexdrive AV operations. Q2 guidance signals accelerating growth, with Gross Bookings expected at $5.30-$5.43 billion (18-21% YoY) and Adjusted EBITDA at $160-$180 million (3.0-3.3% margin), reflecting confidence in the platform's trajectory amid AV and international initiatives.