🔹 Revenue: $1.59B (Est. $1.61B) 🔴; P +11% YoY
🔹 EPS: $0.10 (Est. $0.26) 🔴
🔹 Gross Bookings: $4.49B (Est. $4.50B) 🔴; +12% YoY
🔹 Adj EBITDA: $129.4M (Est. $124.7M) 🟢; +26% YoY
Operational Metrics
🔹 Active Riders: 26.1M (Est. 25.86M) 🟢; UP +10% YoY
🔹 Rides: 234.8M (Est. 236.05M) 🔴; UP +14% YoY
🔹 Dual-app driver preference: +29pts YoY (vs. +6pts YoY)
🔹 Lyft Silver retention rate: ~80%
🔹 Business riders 4x more likely to choose premium ride modes
Other Metrics:
🔹 Adj. EBITDA Margin: 2.9% (vs. 2.6% YoY)
🔹 Net Income: $40.3M; UP from $5.0M YoY
🔹 Net Income Margin: 0.9% (vs. 0.1% YoY)
🔹 Free Cash Flow: $329.4M; UP +28% YoY
🔹 Net Cash from Ops: $343.7M; UP +24% YoY
Guidance – Q3'25
🔹 Gross Bookings: $4.65B–$4.80B; UP +13–17% YoY
🔹 Adjusted EBITDA: $125M–$145M
🔹 Adj. EBITDA Margin (as % of Gross Bookings): 2.7%–3.0%
🔸 Q3 will include two months of Freenow acquisition results
Capital Allocation
🔹 Share Repurchase: 12.8M shares bought back for $200M
CEO & CFO Commentary
🔸 “We delivered off-the-charts performance, resulting in our strongest quarter ever.” — CEO David Risher
🔸 “Our marketplace is thriving, our TAM is expanding with the close of Freenow.”
🔸 “Q2 was another quarter of strong execution with record rides, bookings, and cash flow.” — CFO Erin Brewer
🔸 “We’re ready to accelerate growth and deliver on long-term targets.”