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Mar 31, 2025
Lyft Q1 2025 Earnings Report
Lyft reported strong Q1 2025 results with record bookings and a return to profitability.
Key Takeaways
Lyft delivered a profitable Q1 with net income of $2.6 million, boosted by record rides and active rider numbers. The company also generated significant free cash flow and increased its share repurchase program.
Achieved net income of $2.6 million, reversing a loss from the previous year.
Recorded $4.16 billion in Gross Bookings, up from $3.69 billion YoY.
Active Riders hit 24.2 million, an 11% YoY increase.
Free cash flow surged to $280.7 million in the quarter.
Forward Guidance
Lyft expects continued revenue and adjusted EBITDA growth in Q2 2025, supported by strong operational momentum and product innovation.
Positive Outlook
- Q2 2025 revenue expected to reach $1.5 billion.
- Gross Bookings forecasted between $4.41 and $4.57 billion.
- Adjusted EBITDA projected between $115 million and $130 million.
- EBITDA margin guidance at 2.6% to 2.8%.
- Strong rider and driver engagement supports volume growth.
Challenges Ahead
- No GAAP EPS or net income guidance provided.
- Uncertainty regarding variability of reconciling GAAP items.
- Market competition could pressure margins.
- Macroeconomic risks could impact demand.
- International expansion execution risk (e.g. FREENOW acquisition).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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