Lyft Inc ( (LYFT) ) has released its Q3 earnings. Here is a breakdown of the information Lyft Inc presented to its investors.
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Lyft Inc., a leading player in the global mobility sector, offers a diverse range of transportation services including rideshare, taxis, and luxury chauffeuring across multiple continents.
In its latest earnings report, Lyft Inc. announced record-breaking financial results for the third quarter of 2025, highlighting significant growth in cash flow and strategic partnerships. The company has surpassed $1 billion in cash flow generation over the past twelve months and anticipates continued growth into 2026.
Key financial metrics from the third quarter include record gross bookings of $4.8 billion, a 16% increase year-over-year, and revenue of $1.7 billion, up 11% from the previous year. Lyft also reported a net income of $46.1 million, a substantial improvement from a loss of $12.4 million in the same quarter of 2024. The company achieved an adjusted EBITDA of $138.9 million, marking a 29% increase year-over-year. Operationally, Lyft saw a 15% increase in rides and an 18% increase in active riders, both reaching all-time highs.
Strategically, Lyft has expanded its autonomous vehicle partnerships and acquired TBR Global Chauffeuring, enhancing its luxury service offerings. These moves are part of Lyft’s broader strategy to drive momentum and scale across its business.
Looking ahead, Lyft’s management remains optimistic about its growth trajectory, with expectations of continued rides growth and gross bookings increases in the fourth quarter of 2025. The company is poised to capitalize on its strategic initiatives and partnerships to sustain its upward momentum.