Lyft Inc. Reports Q1 2025 Results: Revenue Climbs 14% YoY, Net Income of $2.6 Million

Reuters
2025/05/09
Lyft Inc. Reports Q1 2025 Results: Revenue Climbs 14% YoY, Net Income of $2.6 Million

Lyft Inc. has announced its financial results for the first quarter ending March 31, 2025, revealing a strong start to the year. The company reported Gross Bookings of $4.2 billion, representing a 13% increase year over year. Revenue for the quarter rose by 14% to $1.5 billion compared to the same period last year. The company achieved a net income of $2.6 million, a significant improvement from a net loss of $31.5 million in Q1 2024. This translates to a net income as a percentage of Gross Bookings of 0.1%, compared to a net loss percentage of (0.9)% in the previous year's first quarter. Lyft's Adjusted EBITDA reached $106.5 million, an increase from $59.4 million in Q1 2024. The Adjusted EBITDA margin as a percentage of Gross Bookings increased to 2.6% from 1.6% year over year. Net cash provided by operating activities was $287.2 million, up from $156.2 million in Q1 2024, with free cash flow rising to $280.7 million from $127.1 million in the same period last year. Operational highlights for the quarter included a 16% year-over-year growth in rides, totaling 218.4 million, marking a record for Q1. Active Riders also saw an 11% increase, reaching 24.2 million, another record for the first quarter. Lyft is also expanding its market reach with the introduction of Lyft Silver to target new demographics and plans for a strategic acquisition of FREENOW to establish a presence in Europe. Additionally, Lyft has increased its share repurchase program authorization to $750 million, capitalizing on its financial strength and growth opportunities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lyft Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250507823103) on May 08, 2025, and is solely responsible for the information contained therein.

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