Lyft Reports $1.45B Q1 Revenue, Shows Profitability Improvement

Lyft reported strong financial results for the first quarter of 2025, with total revenue of approximately $1.45 billion reflecting year-over-year growth driven primarily by its ridesharing marketplace. The company achieved a narrow profit of $0.01 per share, marking an improvement from prior losses and signaling better cost management. Gross bookings reached $4.16 billion, slightly beating expectations, and Lyft expanded its buyback program to $750 million, showcasing financial discipline and confidence. Despite these positive signs, Lyft's growth and diversification remain limited compared to Uber, which reported significantly higher revenue and broader segment expansion. Lyft continues to focus on urban commuters and driver incentives while advancing product innovations like the Earnings Assistant and planning strategic moves such as the FREENOW acquisition. Investors remain cautiously optimistic, with mixed earnings performance and a consensus hold rating, although upside potential is noted in analyst price targets and valuation estimates.