Lyft NASDAQ: LYFT executives used the company's first-quarter 2026 earnings call to highlight what CEO David Risher described as “another strong quarter,” pointing to double-digit year-over-year gains in active riders, gross bookings and adjusted EBITDA. Risher said rideshare demand “remained healthy,” with double-digit ride growth around peak events such as Valentine's Day, the Super Bowl and St. Patrick's Day, and noted that March included the company's “highest ever number of rides in a week.
Lyft revenues rise 13.8% in Q1 as gross bookings climb 19%, though earnings miss estimates and cash balances decline.
Lyft, Inc. (LYFT) Q1 2026 Earnings Call Transcript
Lyft (LYFT) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.19 per share a year ago.
Although the revenue and EPS for Lyft (LYFT) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lyft forecast second-quarter gross bookings and adjusted core profit above Wall Street estimates on Thursday, signaling resilient demand for ride-hailing services despite elevated fuel costs stemming from geopolitical tensions.
Lyft (LYFT) closed at $14.49 in the latest trading session, marking a +1.76% move from the prior day.
Lyft (LYFT) reached $14.42 at the closing of the latest trading day, reflecting a -3.55% change compared to its last close.
Lyft offers a compelling GARP opportunity, underpinned by a strong balance sheet, conservative management, and robust free cash flow yield. LYFT's net cash position, rising margins, and partnerships position it favorably versus Uber, especially as oil shocks may drive demand for rideshare services. Record short interest near 20% of outstanding shares creates potential for a sharp short squeeze if sales/income growth on oil-reaction demand accelerates.
Lyft (LYFT) reached $13.6 at the closing of the latest trading day, reflecting a +2.8% change compared to its last close.
Lyft (NASDAQ:LYFT) currently trades around $13.46, while Wall Street analysts' have a consensus price target of about $19.42.
Lyft (LYFT) reached $13.7 at the closing of the latest trading day, reflecting a +2.7% change compared to its last close.