Lyft (LYFT) Q2 Rides Jump 14% to Record

Lyft (NASDAQ:LYFT), a major player in the U.S. and Canadian ridesharing sector, released its earnings for the second quarter of fiscal 2025 on August 6, 2025. The company reported GAAP revenue of $1.60 billion, slightly below analyst expectations of $1.61 billion (GAAP), falling short by $11.0 million, or 0.68% (GAAP). Net income (GAAP) reached $40.3 million, a sharp rise from $5.0 million in GAAP net income in Q2 2024. Earnings per share (GAAP) came in at $0.10, short of the estimated $0.24. The quarter marked all-time records for rides, gross bookings, and free cash flow. While revenue growth was robust at 11% year-over-year (GAAP), the small shortfall highlights the competitive and evolving landscape in which Lyft operates. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Lyft offers a technology-based platform connecting riders with drivers for on-demand mobility. Its core business is facilitating car rides through its app, but it has expanded into areas like micromobility (e.g, bike and scooter rentals) and transportation partnerships. The company has increasingly invested in features that make rides safer, easier to book, and more accessible to a broad user base.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool