From Nasdaq: 2025-05-13 07:39:00

Lyft, Inc. (NASDAQ: LYFT) announced its first-quarter 2025 earnings, achieving GAAP profitability with a net income of $2.6 million and record Gross Bookings of $4.2 billion. The company’s stock surged 28% post-earnings, leading to an increased market cap of $7.01 billion. Analyst sentiment has also improved, with upgrades and raised price targets.

Lyft’s positive momentum is reflected in an expanded share buyback program of $750 million. The company’s board authorized this increase, signaling confidence in Lyft’s prospects and healthy free cash flow generation. The stock’s recent performance has led to renewed investor optimism and analyst reassessments, with potential for sustained growth in the competitive ride-sharing market.

Looking ahead, Lyft aims to sustain its momentum with growth initiatives like Lyft Silver for older adults and AI-powered driver tools. The company projects second-quarter Gross Bookings of $4.41-$4.57 billion and Adjusted EBITDA of $115-$130 million. However, challenges remain, including competition, regulatory changes, insurance costs, and market volatility. Investors should balance optimism with caution in evaluating Lyft’s growth potential. Lyft reported a 7% increase in revenue for the third quarter, reaching $867.3 million. The company also saw a 22% increase in active riders, with 22.3 million users. However, Lyft’s net loss for the quarter was $463.5 million, a significant increase from the previous year. The company continues to face challenges in achieving profitability.



Read more at Nasdaq:: Lyft: Profitability Milestone and Buyback Fuel Investor Optimism