Lyft, Inc. (LYFT) Earnings Call Transcripts

Lyft, Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Lyft, Inc. reported strong financial results with gross bookings increasing by 19% year-over-year and adjusted EBITDA rising by 25%. The company generated a record $1.12 billion in free cash flow and executed its largest quarterly share repurchase of $300 million. Management raised guidance for gross bookings to approximately 20% growth and adjusted EBITDA to expand by over 30% year-over-year, indicating continued momentum in the rideshare market and strong operational execution.

Reported metrics

Guidance from management

Management expects gross bookings to accelerate to approximately 20% and adjusted EBITDA to expand by more than 30% year-over-year, indicating strong momentum going forward.

What management said

Thanks, David. The consistent execution David just described translated directly to strong financial results. In the first quarter, gross bookings were up 19% and adjusted EBITDA up 25% year-over-year. Over the last 12 months, we've generated a record $1.12 billion in free cash flow. And during Q1, we executed our largest quarterly share repurchase ever, totaling $300 million in the quarter. Looking forward, our guid...

So I'll start with the performance, and then David, do you want to talk about what we've got coming up on that -- on the rider side. So Ross, to answer your question directly, yes, the business is growing. We talked about when we bought the business having about a $1 billion overall annual run rate that we talked about that being on track. As we closed last year, we anticipate growth as we look into 2026.

What analysts pressed on

Analysts expressed concerns regarding the competitive pricing landscape and the potential impact of increased incentives on margins. There were also questions about the sustainability of growth in the U.S. market amid rising competition from other rideshare companies.

Main topics on the call

• Revenue Growth Acceleration — Lyft experienced a 19% year-over-year increase in gross bookings, coupled with a 25% rise in adjusted EBITDA. CEO David Risher noted, "This Q1 represented another strong quarter for Lyft. We again delivered on our financ...
• Partnership Contributions — Partnerships are increasingly driving growth, with 27% of rides coming from partnership-tagged requests. Risher stated, "We got a record number of rides this quarter from partnership tagged rides -- ride requests, so abo...
• Market Share Dynamics — Lyft's share of the U.S. rideshare market has improved, with a noted increase in Q1. Risher mentioned, "Our share of the U.S. rideshare market has grown from 3 years ago..."
• Acquisition Strategy — Lyft has expanded its global presence with the acquisition of Gett's U.K. business and FREENOW, enhancing its footprint in Europe. Risher remarked, "We're now operating in over 120 countries around the world..."

Read the full Lyft, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 46 Lyft, Inc. earnings call transcripts on record, spanning February 11, 2020 to August 6, 2026. Based on this history, Lyft, Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LYFT

Exchange

NasdaqGS

Country

US

Sector

Industrials

Industry

Ground Transportation

Calls on record

46

First call

February 11, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly