โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $1.82B (+8% YoY)
โข Revenue Excluding Reserve Impact: ~$1.89B
โข GAAP Net Loss: -$9.7M vs. +$46.1M YoY
โข Adjusted EBITDA: $203.9M (+47% YoY)
โข Adjusted EBITDA Margin (Gross Bookings): 3.6% vs. 2.9% YoY
โข Operating Cash Flow: $328.4M (+13% YoY)
โข Free Cash Flow: $294.7M (+6% YoY)
โข TTM Free Cash Flow: $1.1B
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐๐ ๐๐๐๐)
โข Gross Bookings: $5.74Bโ$5.94B (+13% to +17% YoY)
โข Adjusted EBITDA: $188Mโ$213M (+22% to +38% YoY)
โข Adjusted EBITDA Margin (Gross Bookings): 3.3%โ3.6%
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Record Gross Bookings: $5.62B (+17% YoY)
โข Record Active Riders: 31.6M (+10% YoY), eighth consecutive quarter of double-digit growth
โข Record Rides: 273.5M (+10% YoY), with accelerating North American growth
โข On track to exceed 1 billion rides in FY26
โข $117.9M in legal, tax and regulatory reserve changes and settlements weighed on reported results, including a $69.1M revenue reduction
โข Adjusted EBITDA margin expanded 70 bps YoY despite GAAP profitability turning negative
โข Launched Lyft Go membership program, offering up to 8% back in Lyft Credits per ride
โข Introduced Alcove, a premium corporate chauffeur service launching in early 2027
โข Began matching riders with fully autonomous Waymo vehicles in Nashville
โข Opened an 80,000-square-foot autonomous vehicle depot in October
โข TTM operating cash flow reached $1.2B
โข Q4 guidance implies continued double-digit bookings growth but potentially lower sequential adjusted EBITDA
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur customer obsession drove our best financial performance ever. And today we launched Lyft Go, the industryโs best membership program.โ - CEO David Risher