Lyft Q2 Revenue Beats, Q3 Bookings Outlook Tops Estimates
LYFT sits 33% above its 52-week low of $12.46.
Summary
Lyft delivered a strong Q2, with revenue of $1.84B beating the $1.81B consensus and gross bookings surging 23% to a record $5.50B. Adjusted EBITDA of $177.2M also exceeded expectations. The company guided Q3 gross bookings to $5.5B-$5.67B, above the $5.57B Street estimate, signaling continued momentum. Management cited broad strength across U.S. rideshare, bikes/scooters, and the European FreeNow business, with the World Cup providing a tailwind. Partnerships now drive 30% of North American rides, and lower insurance costs are freeing up funds for rider incentives. The quarter included $100M in buybacks, with full-year repurchases expected to match 2025 levels. This follows the Q1 beat and raised outlook in May, reinforcing a pattern of improving profitability and demand.
At the time of this announcement, LYFT was trading at $16.52 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $12.46 to $25.54. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.