Lyft(US:LYFT)2025-05-08 20:34Q1 2025 Performance Highlights - Lyft achieved a Q1 record of 2184 million rides, a 16% year-over-year increase[8, 25] - The company reached a Q1 record of 242 million active riders, representing an 11% year-over-year growth[8, 28] - Gross bookings hit a Q1 record of $42 billion, up 13% year-over-year[8, 22] - Adjusted EBITDA reached a Q1 record of $106 million, with a 26% margin of gross bookings[8, 31] Strategic Initiatives - Lyft is introducing Earnings Assistant for drivers, an AI-powered tool to maximize their time on the road[12, 14] - The company is launching Lyft Silver, a new service designed for older adults, targeting a demographic where only approximately 5% of Lyft riders are currently 65 years or older[15, 18] - Lyft's trailing twelve months free cash flow reached $920 million[34] Guidance - For Q2 2025, Lyft projects gross bookings between $441 billion and $457 billion, indicating a 10% to 14% year-over-year increase[36] - The company anticipates an adjusted EBITDA between $115 million and $130 million for Q2 2025[36] - Lyft expects an adjusted EBITDA margin of approximately 26% to 28% of gross bookings for Q2 2025[36] - Lyft increased the authorization of its share repurchase program to $750 million, planning to deploy $500 million within the next twelve months[36]