What is the revenue and EPS growth rate for Lyft year over year?

What were the key takeaways from Lyft’s earnings call?

What factors drove the changes in Lyft's revenue and profit?

What is Lyft's gross profit margin?

What is Lyft's latest dividend and current dividend yield?

Did Lyft beat or miss consensus estimates last quarter?

What does Lyft do and what are its main business segments?

What guidance did Lyft's management provide for the next earnings period?

- **Record Growth**: Q3 2025 saw 18% YoY Active Rider growth and 16% YoY gross bookings, driven by underpenetrated markets and partnerships.
- **United Airlines Integration**: Riders earn miles on all eligible rides, with business profiles offering enhanced rewards.
- **AV Leadership**: Waymo partnership in Nashville includes shared fleet management and depot investment, with potential to scale.
- **California Insurance Savings**: SB 371 reduces rider costs by $6+ per ride, with savings passed on to drive demand.
- **2026 Catalysts**: FREENOW Europe expansion, TBR Global Chauffeuring, and AV scale-up position Lyft for accelerated growth.

**【CEO Summary Section】**
- Q3 2025 marked a record quarter with 18% year-over-year (YoY) growth in Active Riders and 16% YoY increase in gross bookings.
- Launched a partnership with United Airlines, enabling riders to earn miles on all eligible rides, including business profiles.
- Expanded autonomous vehicle (AV) partnerships with Waymo and Tensor, positioning Lyft across the AV value chain.
- Highlighted 2026 growth catalysts: FREENOW Europe expansion, TBR Global Chauffeuring acquisition, underpenetrated market growth, and California insurance reform (SB 371).
- Emphasized customer obsession and profitable growth, with free cash flow reaching $1 billion annually for the first time.

**【CFO Financial Commentary】**
- GAAP net income of $420 million and Non-GAAP EPS of $1.08, exceeding expectations.
- Adjusted EBITDA grew 29% YoY, driven by cost control and operational efficiency.
- Q4 2025 guidance: rides up mid- to high-teens YoY, gross bookings up 17-20% YoY.
- California's SB 371 will reduce rider insurance costs by $6+ per ride, with savings passed on to stimulate demand.
- 10/1 insurance renewals resulted in mid-single-digit per-ride cost increases, competitive with peers.

**【Q&A Key Highlights】**
- **AV Economics**: Waymo partnership includes a $10-15M depot investment in Nashville, with shared fleet management and utilization. Unit economics favor AVs over time due to lower variable costs.
- **Underpenetrated Markets**: 70% of Q3 growth came from these areas, with programs like Lyft Silver (50% YoY growth) targeting underserved segments.
- **International Expansion**: FREENOW to contribute €1 billion in 2026, complementing TBR's global chauffeuring network in 3,000+ cities.
- **Waymo Partnership**: Integrated supply management system optimizes AV utilization, with potential to expand beyond Nashville based on performance.
- **Insurance Reform**: SB 371 modernizes outdated regulations, benefiting riders, drivers, and Lyft by reducing costs and increasing demand.

Lyft, Inc. (LYFT) Q3 2025 Earnings Call Transcript

- **Q2 Record-Breaking Results**: $235M rides, 1M+ drivers, and 10%+ active rider growth highlight customer obsession driving growth.
- **Strategic Wins**: United Airlines partnership (points on every ride) and Baidu AV deployment in Europe signal Lyft's global leadership.
- **Free Cash Flow Dominance**: $993M TTM free cash flow underscores operational excellence and ability to invest in growth (e.g., $200M buyback).
- **AV Transformation**: 5x growth in AV markets driven by fleet management expertise and regulatory relationships. Baidu partnership to deploy thousands of AVs by 2026.
- **Partnership Payoff**: 25% of rides tied to partnerships (e.g., Chase, DoorDash), with 50M+ linked rides and 1M+ Chase connected accounts.


**【CEO Summary Section】**
- **Record Q2 Performance**: Achieved all-time highs in gross bookings ($235M rides), adjusted EBITDA, and free cash flow. Share buyback of $200M marked the first stock repurchase in company history.
- **Marketplace Growth**: 1M drivers logged record hours, with average driving time up 40% YoY. Active riders reached a record high with double-digit new rider growth YoY.
- **Strategic Partnerships**: Expanded luxury offerings (Black SUVs) and introduced Lyft Silver for older adults. Announced partnership with United Airlines for points on every ride, and Baidu for AV deployment in Europe.
- **Global Expansion**: Acquired Free Now, Europe's largest taxi-hailing app, to tap into a $150B TAM. 50% of European rides remain offline, presenting growth opportunities.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income of $420M, Non-GAAP EPS of $1.08 (vs. $0.95 consensus). Free cash flow reached $993M (TTM), driven by operational efficiency and reduced insurance costs.
- **Free Now Impact**: Q3 guidance includes 2 months of Free Now, with 2025 run rate of €1B. Near-term EBITDA neutral, but long-term growth driver through fleet management and partnerships.
- **Cost Management**: 5% YoY decline in operating expenses, maintaining 25% EBITDA margin despite Free Now integration costs.

**【Q&A Key Highlights】**
- **Partnership Strategy**: Chase Sapphire Reserve ($10/month credit) and DoorDash (DashPass integration) drove 1M+ connected accounts. Business Rewards program launched to target corporate riders.
- **AV Deployment**: Baidu partnership to deploy hundreds/thousands of AVs in Germany and UK by 2026. Fleet management expertise (FlexPod) positions Lyft for 5x growth in AV markets.
- **Europe Investment**: Minimal upfront costs for Free Now; focus on onboarding offline riders and integrating Lyft tech for stable pricing. 360M+ Build points redeemed in 4 months highlight loyalty program success.
- **Pricing & Affordability**: Price lock for commuters and Chase points on rides balanced affordability with profitability. AVs expected to reduce long-term costs but require regulatory collaboration.


Lyft (LYFT)-6 Aug 25-2025 Q2 Earnings call transcript

- **Q1 Record Growth**: $1.6B Gross Bookings, $122M EBITDA, $111M Free Cash Flow vs. -$15M last year.
- **Europe Expansion**: $750M buyback program, FREENOW acquisition to tap $40B European taxi market.
- **AV Innovation**: 100+ AVs in pilot, Flexdrive manages 10-20K vehicles annually.
- **Price Lock Success**: 21% QoQ adoption, 75% retention rate.
- **Delta Risk Mitigation**: Q2 rides down 1%, but strong cost control (+5% OpEx decline YoY).

**【CEO Opening Remarks】**
- **Record Q1 Performance**: Achieved all-time highs in Gross Bookings ($1.6B YoY growth), Adjusted EBITDA ($122M), and Free Cash Flow ($111M). 16th consecutive quarter of double-digit Gross Bookings growth.
- **International Expansion**: Acquired FREENOW to enter Europe, now operating in 9 countries. Canada market grew 50% YoY, expanding to Quebec.
- **AV & Fleet Innovation**: Partnered with May Mobility for AV deployment in Atlanta, and Mobileye for Texas expansion. Fleet management subsidiary Flexdrive manages 10-20K vehicles annually.
- **Financial Strength**: Generated $975M cash over 12 months. Increased share buyback program to $750M.

**【CFO Financial Highlights】**
- **Q1 Financials**: GAAP net income $420M, Non-GAAP EPS $1.08 (vs. $0.95 consensus). Free Cash Flow $111M vs. -$15M last year.
- **Cost Efficiency**: Operating expenses down 5% YoY. Insurance renewals completed with strong partner support.
- **International Momentum**: Canada rides up 55% QoQ. FREENOW acquisition to unlock $40B European taxi market.

**【Q&A Key Themes】**
- **Pricing Dynamics**: US average prices modestly lower QoQ but +2% YoY. Focus on reliability via Price Lock (+21% QoQ adoption).
- **AV Supply Chain**: AVs could reduce costs long-term, but utilization and insurance challenges remain. Testing 100+ AVs in pilot cities.
- **Delta Impact**: Q2 rides expected to decline 1%, Gross Bookings -2% due to Delta partnership end.
- **Consumer Behavior**: Price Lock members have 75% retention, showing preference for predictable pricing.
- **Fleet Growth**: Taxi partnerships in St. Louis show potential, with 100+ fleet drivers onboarded.


Lyft (LYFT)-8 May 25-2025 Q1 Earnings call transcript

- **Market Leadership**: Q4 2024 marked all-time highs in rides, riders, and driver hours, with fastest industry ETAs and highest market share since 2022.
- **Driver Loyalty**: 16-point preference gap vs. main competitor, $9B in driver earnings in 2024, and 70% Price Lock retention among high-frequency riders.
- **Profitability Milestones**: First full year of GAAP profitability ($766M free cash flow) and 2.6% EBITDA margin in Q4. Media business on track for $100M annualized bookings by end-2025.
- **Strategic Growth**: 41% YoY growth in Lyft Black/SUV, 8M DoorDash rides in Q4, and AV partnerships to deploy thousands of autonomous vehicles starting 2026.

**【CEO Summary Section】**
- **Record Growth Across Key Metrics**: Q4 2024 saw all-time highs in rides, riders, driver hours, and fastest industry-leading ETAs. Market share in January 2025 was the highest since 2022.
- **Driver Satisfaction**: Driver preference for Lyft is 16 percentage points higher than the main competitor, up from 12 points the prior quarter. Drivers earned $9 billion in 2024, the highest ever.
- **Customer-Centric Innovations**: Price Lock feature achieved 70% monthly retention among high-frequency riders. Lyft Black and SUV rides grew 41% YoY, with Black now available in 64 markets.
- **Partnerships and Expansion**: DoorDash partnership supported 8 million rides in Q4, and AV partnerships with May Mobility and Marubeni aim to expand autonomous vehicle deployment starting in Dallas (2026).

**【CFO Financial Highlights】**
- **GAAP Profitability and Cash Flow**: First full year of GAAP profitability with $766M free cash flow in 2024. Q4 2024: $4.28B gross bookings (15% YoY), $90-95M adjusted EBITDA, and 2.6% EBITDA margin.
- **Efficiency and Margin Expansion**: 17% improvement in customer incentive efficiency, 100+ basis points of fixed-cost leverage. Media business on track for $100M annualized gross bookings by end-2025.
- **Q1 2025 Outlook**: Rides growth in mid-teens, gross bookings 10-14% YoY, and 2.2-2.3% EBITDA margin. Guidance accounts for lower pricing dynamics and Delta partnership transition impact (-1-2% rides/gross bookings growth in Q2+).

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