Core Insights - Lyft reported quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.30 per share, and down from $0.29 per share a year ago, representing an earnings surprise of -13.33% [1] - The company's revenues for the quarter ended September 2025 were $1.69 billion, which also missed the Zacks Consensus Estimate by 0.85%, compared to $1.52 billion in the same quarter last year [2] - Lyft has only surpassed consensus EPS estimates once in the last four quarters and has not beaten consensus revenue estimates during the same period [2] Financial Performance - Lyft's shares have increased by approximately 50.5% since the beginning of the year, outperforming the S&P 500's gain of 15.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $1.77 billion, and for the current fiscal year, it is $1.18 on revenues of $6.51 billion [7] Industry Outlook - The Internet - Services industry, to which Lyft belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Lyft's stock performance [5][6]

Financial Data and Key Metrics Changes - Q3 2025 was a record quarter for the company, with adjusted EBITDA growing 29% year over year and free cash flow generation exceeding $1 billion for the first time in Lyft's history [3][11][12] - Active riders increased by 18% year over year, and gross bookings rose by 16% year over year, both reaching all-time highs [11][12] Business Line Data and Key Metrics Changes - The company reported record levels of active riders and driver hours, contributing to overall growth [12][13] - The partnership with United Airlines is expected to enhance customer value and drive additional growth [3][12] Market Data and Key Metrics Changes - Approximately 70% of rides growth in Q3 came from underpenetrated markets in North America, which represent a significant opportunity for future growth [13][42] - The company anticipates mid to high teens growth in rides and 17-20% growth in gross bookings for Q4 2025 [11][12] Company Strategy and Development Direction - Lyft is focusing on expanding its autonomous vehicle (AV) partnerships and enhancing its position across the AV value chain [4][12] - The company aims to leverage its recent acquisitions, including FreeNow and TBR, to enhance its global presence and service offerings [46][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about multiple growth catalysts converging in 2026, including the impact of the United partnership and ongoing improvements in operational efficiency [9][12] - The California insurance reform (SB371) is expected to reduce costs for riders and stimulate demand, benefiting both drivers and the company [15][16] Other Important Information - The company is actively working on enhancing its business-to-business opportunities, including partnerships with universities and healthcare providers [90] - Lyft's high-value modes grew by 50% year over year in Q3, indicating strong demand for premium services [51] Q&A Session Summary Question: What are the multiple converging catalysts in 2026? - Management highlighted that the marketplace is stronger than ever, with record active riders and driver hours, and emphasized the importance of the United partnership and underpenetrated markets [9][12] Question: How does Lyft plan to balance growth and margin trajectory? - Management stated that customer obsession drives profitable growth and that innovation is key to scaling the business without sacrificing margins [21][25] Question: What is the opportunity in low scale markets? - Management noted that about two-thirds of the $161 billion personal vehicle trips market in North America is in underpenetrated markets, which are expected to drive significant growth [42][43] Question: How does the Waymo partnership impact AV economics? - Management explained that the partnership is designed to maximize vehicle availability and utilization, which should improve unit economics over time [31][32][80] Question: What is the expected impact of insurance renewals? - Management indicated a mid-single-digit increase in insurance costs per ride but emphasized ongoing efforts to bend the insurance cost curve [40][41] Question: How will Lyft leverage its acquisitions for global expansion? - Management discussed the potential to enhance service quality and expand market reach through the integration of FreeNow and TBR's capabilities [46][50]

Financial Performance - Revenue for the three months ended September 30, 2025, was $1,685.2 million, an increase of 11% compared to $1,522.7 million in 2024[194] - Net income for the same period was $46.1 million, a significant increase of 471% from a net loss of $12.4 million in 2024[194] - Active Riders increased to 28.7 million, representing an 18% growth from 24.4 million in the prior year[194] - Gross Bookings reached $4,780.4 million, up 16% from $4,108.4 million in the previous year[194] - Adjusted EBITDA for the three months ended September 30, 2025, was $138.9 million, a 29% increase from $107.3 million in 2024[194] - Revenue for Q3 2025 was $1,685.2 million, an increase of 11% from $1,522.7 million in Q3 2024[241] - Net income for Q3 2025 was $46.1 million, a significant increase of 471% compared to a loss of $12.4 million in Q3 2024[241] - Free cash flow for Q3 2025 was $277.8 million, up 14% from $242.8 million in Q3 2024[256] - Adjusted EBITDA for Q3 2025 was $138.9 million, representing a 29% increase from $107.3 million in Q3 2024[241] - Gross bookings for Q3 2025 reached $4,780.4 million, a 16% increase from $4,108.4 million in Q3 2024[241] Cost and Expenses - Cost of revenue for the three months ended September 30, 2025, increased by $39.0 million, or 4%, to $927,221, mainly due to a $65.9 million rise in insurance costs[224] - For the nine months ended September 30, 2025, cost of revenue increased by $262.7 million, or 11%, totaling $2,725,829, primarily driven by a $273.3 million increase in insurance costs[225] - Operations and support expenses increased by $14.0 million, or 12%, in the three months ended September 30, 2025, totaling $131,424, due to higher fleet operations support costs[227] - Research and development expenses rose by $5.2 million, or 5%, in the three months ended September 30, 2025, totaling $109,615, primarily due to increased personnel-related costs[229] - Sales and marketing expenses increased by $27.5 million, or 13%, in the three months ended September 30, 2025, totaling $243,317, driven by higher costs related to incentive programs[231] - General and administrative expenses were relatively flat in the three months ended September 30, 2025, totaling $250,565, with a net decrease in certain loss contingencies[233] Cash Flow and Liquidity - Net cash provided by operating activities was $291.3 million, a 10% increase from $264.0 million in the previous year[194] - Net cash provided by operating activities increased to $922.2 million for the nine months ended September 30, 2025, up from $696.4 million in the same period of 2024, reflecting improved net income from $(38.9) million to $89.0 million[259][260] - Cash provided by investing activities was $316.5 million for the nine months ended September 30, 2025, primarily from sales and maturities of marketable securities totaling $3.0 billion[261] - Cash used in financing activities was $511.4 million for the nine months ended September 30, 2025, mainly due to repayment of 2025 Notes of $390.7 million and repurchase of Class A common stock of $400.0 million[263] - As of September 30, 2025, the company had approximately $1.3 billion in cash and cash equivalents and $686.6 million in short-term investments, providing sufficient liquidity for at least the next 12 months[265][271] - As of September 30, 2025, the company had unrestricted cash, cash equivalents, and short-term investments totaling approximately $2.0 billion[279] Acquisitions and Investments - The acquisition of Intelligent Apps GmbH (Freenow) was completed for approximately €204.1 million ($234.8 million) on July 31, 2025[192] - The acquisition of TheBookingRoomGroup Limited (TBR Global Chauffeuring) was completed for approximately £83.0 million, with up to £17.3 million in contingent consideration[193] - The company completed the acquisition of TBR Global Chauffeuring for approximately £83.0 million in cash on October 14, 2025[271] - The company issued $500 million in 2030 Notes in September 2025, using proceeds for capped calls and repurchasing Class A common stock[268] Debt and Financing - The company reported long-term debt of $1.1 billion, primarily consisting of fixed-rate 2029 Notes and 2030 Notes with a 0% interest rate[279] - A share repurchase program was authorized for up to $750.0 million, with $400.0 million repurchased during the nine months ended September 30, 2025[272] - The company has not drawn on its $420 million Revolving Credit Facility as of September 30, 2025, which remains available for liquidity needs[271] Tax and Other Income - Provision for income taxes increased by $1.3 million, or 187%, in Q3 2025 compared to Q3 2024[239] - Other income, net decreased by $25.1 million, or 49%, in Q3 2025 compared to Q3 2024, primarily due to an $11.0 million decrease in interest income and an $8.3 million decrease from foreign currency exchange[237] Market and Economic Factors - The company expects revenue to fluctuate based on factors such as ride volume, driver supply, pricing, incentives, and seasonality related to shared bikes and scooters[223] - The company is exposed to foreign currency exchange risk due to international revenue and expenses denominated in foreign currencies[280] - Fluctuations in foreign currency exchange rates have affected the company's net income, but a hypothetical 10% change would not materially impact the condensed consolidated financial statements[280] - A hypothetical 100 basis points change in interest rates would not materially impact the company's financial condition or results of operations[279]

has the numbers, Matt. >> Hey, John. It is mixed results for Lyft.Those shares moving almost 5% lower in extended trade. Earnings coming in at 11 cents per share, beating the 8 cents that analysts were looking for. Revenue was essentially in line at 1.69% billion.Gross bookings, that's the total value of rides on the platform, were a slight beat at 4.78% billion. Active riders also came in ahead of estimates at 28.7% million. While profitability it was in line with adjusted Ibida of 139 million.Looking ahea ...

Core Insights - Lyft reported mixed results with shares dropping nearly 5% in extended trading [1] - Earnings per share were 11 cents, surpassing analyst expectations of 8 cents [1] - Revenue was approximately in line at $1.69 billion [1] - Gross bookings, the total value of rides on the platform, slightly exceeded expectations at $4.78 billion [1] - Active riders reached 28.7 million, also above estimates [1] - Adjusted EBITDA was in line at $139 million [1] Future Guidance - For Q4, Lyft is guiding gross bookings between $5.01 billion and $5.13 billion, above expectations at the midpoint [2] - The company anticipates adjusted EBITDA of $135 million to $155 million, with the midpoint aligning with street estimates [2] - Despite positive guidance, the stock is experiencing a sell-off, down approximately 4.5% [2]

Core Insights - Lyft's stock increased following the release of its third-quarter earnings report, which exceeded EPS estimates [1] Financial Performance - Lyft reported quarterly earnings of 11 cents per share, surpassing the consensus estimate of 7 cents [2] - Quarterly revenue was $1.68 billion, slightly below the analyst consensus estimate of $1.69 billion [2] Operational Highlights - The company achieved record gross bookings of $4.8 billion, representing a 16% year-over-year increase [5] - Rides growth accelerated to 15% year-over-year, totaling 248.8 million rides [5] - Active riders grew by 18% year-over-year, reaching 28.7 million [5] Strategic Initiatives - CEO David Risher stated that Lyft's comeback strategy is proving effective, with multiple catalysts driving momentum and growth [3] - The company announced new autonomous vehicle partnerships and acquired a luxury chauffeuring company to enhance its service offerings [3]

Core Insights - Lyft provided a fourth-quarter forecast for a key demand metric that exceeded Wall Street's expectations [1] - The company's expansion into Europe is expected to enhance sales in the upcoming year [1] Summary by Categories Financial Performance - Lyft's fourth-quarter forecast indicates stronger demand than anticipated by analysts [1] Strategic Initiatives - The company's push into the European market is anticipated to contribute positively to sales growth next year [1]

Core Insights - The company reported a profit of $46.1 million, indicating strong financial performance [1] - The number of rides and active riders reached an all-time high, reflecting increased demand and operational success [1] Financial Performance - Profit for the period was $46.1 million, showcasing significant growth compared to previous periods [1] Operational Metrics - The company achieved an all-time high in the number of rides, indicating robust operational activity [1] - The active rider count also reached a peak, suggesting a growing user base and enhanced market penetration [1]

Q3 2025 Earnings November 5, 2025 Forward Looking Statements & Non-GAAP Financial Measures This presentation and the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Lyft's future financial or operating performance. In some cases, you can identify forward looking statements because the ...

Lyft projected earnings this quarter that fell short of Wall Street’s expectations, signaling that its efforts to expand globally and maintain customer loyalty may limit profits https://t.co/jX7KKamqj3 ...