Lyft's second quarter revenue of $1.8B beat estimates as record gross bookings hit $5.5B

Lyft reported second quarter 2026 revenue of $1.84 billion, surpassing analyst estimates by approximately 2%. Operational scale hit a record milestone with active riders exceeding 30 million for the first time, although GAAP diluted earnings per share of $0.13 trailed expectations.

Key Highlights

• Active Riders increased 17% year-over-year to a record 30.5 million, marking the seventh consecutive quarter of double-digit growth.
• Gross Bookings reached $5.50 billion, representing 23% year-over-year growth and exceeding the consensus estimate of $5.37 billion.
• Adjusted EBITDA expanded 37% year-over-year to $177.2 million, driven by record ride volume of 262.4 million and operational efficiencies.