- Third quarter gross bookings projected to be between $4.65 billion and $4.80 billion.
- Adjusted EBITDA for the third quarter is expected to range from $125 million to $145 million.
- The adjusted EBITDA margin as a percentage of gross bookings is anticipated to be between 2.7% and 3% for the third quarter.
- In the second quarter, gross bookings increased by 12% year-over-year to $4.49 billion, slightly under the estimate of $4.5 billion.
- Second quarter adjusted EBITDA rose by 26% year-over-year to $129.4 million, surpassing the estimate of $124.7 million.
- Second quarter adjusted EBITDA margin was 2.9%, higher than both the previous year’s 2.6% and the estimated 2.78%.
- Revenue for the second quarter stood at $1.59 billion, up 11% year-over-year, slightly below the estimate of $1.61 billion.
- Earnings per share (EPS) for the second quarter were 10 cents, up from 1 cent the previous year, but below the estimated 27 cents.
- Active riders in the second quarter reached 26.1 million, a 10% year-over-year increase, exceeding the estimate of 25.86 million.
- Total rides in the second quarter were 234.8 million, an increase of 14% year-over-year, slightly under the estimated 236.05 million.
- Cash and cash equivalents at the end of the second quarter were $913.8 million, a 51% increase compared to the previous year, slightly below the estimate of $920.8 million.
- Free cash flow for the second quarter was $329.4 million, up from $256.4 million the previous year, far exceeding the estimate of $142.5 million.
- The acquisition of Freenow was completed on July 31, 2025, with the third quarter to include two months of combined results.
- Lyft announced a partnership with United Airlines, allowing Mileage Plus members to earn miles on all Lyft rides.
Lyft on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have provided insightful coverage on Lyft Inc.’s performance and strategic direction. In a report titled “Lyft Inc.: Building a Fleet for the Future—Autonomous, Affordable, & Unstoppable!” Baptista Research highlighted Lyft’s strong growth in key financial metrics in the first quarter of 2025. The report underscores the company’s record-breaking figures for active riders, rides, and driver hours, demonstrating a robust operational quarter.
Furthermore, in another report titled “Lyft Inc.: The AV Race & Why It Could Make Or Break the Company!”, Baptista Research discussed Lyft’s recent financial achievements and strategic initiatives that showcase its efforts to solidify its market presence. The report noted Lyft’s significant milestones in 2024, including peak performance in rides, riders, and driver hours, leading to an increased market share compared to previous years. These analyses provide valuable insights for potential investors considering Lyft as an investment opportunity.
A look at Lyft Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
In analyzing the long-term outlook for Lyft, the company’s overall Smartkarma Smart Scores paints a positive picture. With a solid score of 4 in both Growth and Resilience, Lyft is positioned well for future expansion and is seen as robust in weathering market challenges. Additionally, a Momentum score of 4 suggests that the company is gaining traction and is on a path of upward trajectory. While its Value score is slightly lower at 2, indicating that the stock may not be undervalued, the overall outlook remains optimistic based on the company’s ability to grow and adapt.
As a company, Lyft, Inc. is focused on providing online ridesharing services, offering customers convenience in ride booking, payment processing, and car transportation primarily in the United States. With strong marks in growth potential, resilience, and momentum, investors may view Lyft as a company with promising prospects for the long term, despite a modest Value score. This indicates that while the stock may not be considered a bargain, the company’s growth and resilience factors are favorable, positioning Lyft for continued success in the ridesharing market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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