Lyft Reports Q3 2026 Growth Driven by Record Rides and Active Riders
Lyft (LYFT) reported strong third-quarter 2026 financial results, highlighted by $5.6 billion in gross bookings, a 17% increase year-over-year. The company saw significant operational momentum with active riders reaching 31.6 million and total rides climbing to 273.5 million. Despite a $69.1 million reduction in revenue due to legal and regulatory settlements, Lyft achieved an adjusted EBITDA of $203.9 million, representing 47% growth. The company is executing a strategic shift toward becoming a global mobility platform with a focus on autonomous vehicle integration and premium services. Management highlighted strong free cash flow generation, totaling $1.1 billion over the trailing twelve months, and provided optimistic Q4 guidance for gross bookings between $5.74 billion and $5.94 billion. Lyft also continues its capital return program, having repurchased $50 million in shares this quarter.
Topics: adjusted EBITDA earnings report gross bookings revenue growth rideshare activity