Lyft (NASDAQ:LYFT) Releases Earnings Results

Lyft (NASDAQ:LYFT) announced its quarterly earnings data on Thursday. The ride-sharing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01), FiscalAI reports. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Lyft had a negative return on equity of 1.30% and a net margin of 42.32%.The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS.

Here are the key takeaways from Lyft’s conference call:

• Lyft reported record Q2 performance, including more than 30 million active riders, 262 million rides, and $5.5 billion in gross bookings, up 23% year over year. Adjusted EBITDA increased 37%, while trailing-12-month free cash flow exceeded $1 billion for the fourth consecutive quarter.
• Management expects rides growth to accelerate in the second half of 2026 across North American rideshare, bikes, and FreeNow. Growth is being supported by faster pickup times, Lyft Teen and Lyft Silver, strong Canadian and European performance, and continued expansion in higher-value ride modes.
• Partnerships reached a new high, with approximately 30% of North American rides linked to a partner. Lyft said DoorDash, United Airlines, Chase, and other relationships remain early-stage opportunities, while its Waymo partnership in Nashville is on track for a purpose-built depot in October and supply sharing before year-end.
• Driver supply and engagement remain strong, according to management, with active drivers and driver hours near record levels, driver earnings up about 8% per ride year over year, and Lyft claiming a roughly 30-point preference advantage among multi-platform drivers.
• The gap between gross-bookings growth and rides growth reflects business mix, including seasonally stronger bikes activity and the lapping of FreeNow acquisition timing. Autonomous-vehicle operations in London and Nashville are currently expected to have minimal near-term P&L impact, although Lyft believes the long-term unit economics and market expansion opportunity are attractive.

Lyft Stock Up 7.1%

Shares of Lyft stock traded up $1.16 on Friday, hitting $17.46. The company had a trading volume of 23,940,024 shares, compared to its average volume of 11,629,653. Lyft has a 1 year low of $12.46 and a 1 year high of $25.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day moving average of $14.95 and a 200-day moving average of $14.55. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 2.54, a P/E/G ratio of 0.97 and a beta of 1.80.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LYFT. Guggenheim reaffirmed a “buy” rating on shares of Lyft in a research note on Wednesday, June 10th. Tigress Financial reissued a “buy” rating and set a $28.00 price objective on shares of Lyft in a research report on Wednesday, June 24th. Cantor Fitzgerald increased their price objective on shares of Lyft from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday. Rothschild & Co Redburn upgraded Lyft from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, June 17th. Finally, Oppenheimer started coverage on Lyft in a research report on Wednesday, June 17th. They issued an “outperform” rating for the company. Thirteen equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.57.

Insider Buying and Selling

In other Lyft news, CFO Erin Brewer sold 15,000 shares of Lyft stock in a transaction on Friday, June 12th. The shares were sold at an average price of $13.59, for a total transaction of $203,850.00. Following the transaction, the chief financial officer directly owned 705,979 shares of the company’s stock, valued at $9,594,254.61. The trade was a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $28,799.68. Following the completion of the sale, the director owned 30,092 shares of the company’s stock, valued at approximately $414,065.92. The trade was a 6.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 81,749 shares of company stock worth $1,221,950 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Institutional Trading of Lyft

A number of institutional investors and hedge funds have recently modified their holdings of LYFT. Ensign Peak Advisors Inc boosted its position in Lyft by 2,441.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,857,593 shares of the ride-sharing company’s stock worth $35,982,000 after purchasing an additional 1,784,494 shares during the period. AQR Capital Management LLC raised its position in shares of Lyft by 7.4% in the third quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company’s stock valued at $567,492,000 after purchasing an additional 1,773,438 shares during the period. Invesco Ltd. raised its position in shares of Lyft by 134.0% in the third quarter. Invesco Ltd. now owns 2,491,790 shares of the ride-sharing company’s stock valued at $54,844,000 after purchasing an additional 1,426,860 shares during the period. Woodline Partners LP purchased a new stake in shares of Lyft during the 3rd quarter valued at approximately $30,059,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Lyft by 15.4% during the 4th quarter. Renaissance Technologies LLC now owns 9,873,232 shares of the ride-sharing company’s stock valued at $191,245,000 after buying an additional 1,320,938 shares in the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Record demand and bookings: Second-quarter gross bookings rose 23% year over year to $5.5 billion, revenue increased 16% to $1.84 billion, and active riders and rides reached records of 30.5 million and 262 million, respectively. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Improving profitability: Adjusted EBITDA climbed 37% to $177.2 million, while the adjusted EBITDA margin improved to 3.2% of bookings from 2.9% a year earlier. Lyft also had $850 million remaining under its 2026 share-repurchase authorization as of June 30, potentially supporting per-share value. Seeking Alpha article
• Positive Sentiment: Constructive near-term outlook: Lyft forecast third-quarter gross bookings of approximately $5.50 billion to $5.67 billion, slightly above expectations, suggesting demand remains resilient even as growth moderates. Several analysts raised targets, including RBC to $20, Piper Sandler to $21 and JPMorgan to $19. RBC price-target article

Lyft Company Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.