Lyft reported second-quarter 2026 earnings of 29 cents per share, missing the Zacks Consensus Estimate of 39 cents by 25.6%, while revenues of $1.84 billion beat the consensus estimate of $1.81 billion by 1.8% and rose 16.1% year over year. Gross bookings reached $5.50 billion, up 22.6% from a year ago, and rides climbed 11.8% to a record 262.4 million. Active Riders grew 16.9% to a record 30.5 million, marking the seventh consecutive quarter of double-digit growth. Adjusted EBITDA rose 36.9% to $177.2 million, with the margin expanding to 3.2% of gross bookings from 2.9% a year earlier. For the third quarter, Lyft expects gross bookings between $5.50 billion and $5.67 billion, representing year-over-year growth of approximately 15% to 19%, and adjusted EBITDA of $183 million to $203 million.
LYFT IncLyft missed EPS estimates by 25.6%, though revenue beat and rides grew.
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