Earnings Releases·Nov 5, 2026, 4:09 PM ET

Lyft — Q3 2026 Earnings Summary

Gross Bookings rose 17% year-over-year to $5.6 billion, while revenue increased 8% to $1.8 billion; excluding $69.1 million in legal, tax, and regulatory reserve impacts, revenue would have been $1.9 billion.
Net loss narrowed 121% year-over-year to $(9.7) million, driven by a $117.9 million one-time charge for legal and regulatory settlements, while Adjusted EBITDA surged 47% to $203.9 million.
Q4 2026 guidance projects Gross Bookings of $5.74–$5.94 billion (13–17% growth) and Adjusted EBITDA of $188–$213 million (22–38% growth), with the company on track to exceed 1 billion rides for the full year.
Strategic initiatives include the expansion of autonomous vehicle operations with Waymo in Nashville, the launch of the "Lyft Go" membership program, and the planned early 2027 debut of the "Alcove" premium chauffeur brand.
The company reported record Active Riders (31.6 million, +10% YoY) and Rides (273.5 million, +10% YoY), alongside $294.7 million in free cash flow and five consecutive quarters of over $1 billion in trailing twelve-month cash generation.