Lyft Q1 FY26 net income turns to profit; revenue rises 14% to $1.7 billion

• Lyft posted Q1 2026 net income of USD 14.2 million, up from USD 2.6 million a year earlier, while revenue rose 14% to USD 1.65 billion.
• Gross bookings climbed 19% to USD 4.95 billion, while active riders increased 17% to 28.3 million.
• Adjusted EBITDA rose 25% to USD 132.8 million.
• Closed acquisition of Gett’s UK business, expanding footprint in London, while confirming first Baidu vehicles secured in the UK ahead of a planned Nashville Flexdrive AV launch this fall.
• Forecast Q2 gross bookings of about USD 5.3 billion-USD 5.43 billion, up about 18%-21% year over year, with adjusted EBITDA of about USD 160 million-USD 180 million.

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: 202605071605BIZWIRE_USPR_____20260507_BW936160) on May 07, 2026, and is solely responsible for the information contained therein.