Lyft is experiencing growth in driver supply, with active riders increasing in each quarter of 2023, 2024, and 2025. Gross bookings grew double digits year over year for the 18th consecutive quarter in Q3 2025, showcasing the success of their customer-friendly strategy. However, Q3 earnings and revenue fell slightly below estimates.

Looking ahead, Lyft anticipates mid-to-high teens growth in rides for Q4 2025, with gross bookings projected to increase 17-20% year over year. The company’s adjusted EBITDA is expected to be between $135 million and $155 million, with an adjusted EBITDA margin of 2.7-3%.

Lyft’s focus on autonomous vehicles, partnerships with companies like Alphabet’s Waymo, and the introduction of the Price Lock feature are driving growth. The company’s share buyback program, strong cash flow, and positive Zacks estimates for 2025 and 2026 further bolster its position as an attractive investment opportunity.

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Read more at Nasdaq: Does LYFT’s Gross Booking Growth Justify a Buy Decision on the Stock?