LYFT misses Q3 estimates but delivers solid revenue and bookings gains as cash rises. The company offers an upbeat Q4 outlook.
Lyft (LYFT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Lyft is rated a Buy with a $28 price target, implying a 16% upside, due to robust growth and undervaluation. FQ3 2025 results showed record gross bookings, all-time high active riders, and strong free cash flow, supporting bullish momentum for LYFT. Key partnerships with Waymo and Curb, plus expansion into new locations, are expected to drive future growth and customer retention for LYFT.
Lyft Inc (NASDAQ:LYFT) reported record third quarter results that fell short of analyst expectations on revenue and earnings per share (EPS). Despite the worse-than-expected Q3 results, Lyft shares jumped 7.4% to about $21 on upbeat guidance for the December quarter.
Lyft, Inc. ( LYFT ) Q3 2025 Earnings Call November 5, 2025 4:30 PM EST Company Participants Aurelien Nolf - Vice President of FP&A and Investor Relations John Risher - CEO & Director Erin Brewer - Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan Chase & Co, Research Division Eric Sheridan - Goldman Sachs Group, Inc., Research Division Justin Post - BofA Securities, Research Division John Blackledge - TD Cowen, Research Division Michael Morton - MoffettNathanson LLC Bradley Erickson - RBC Capital Markets, Research Division Nikhil Devnani - Sanford C. Bernstein & Co., LLC.
Although the revenue and EPS for Lyft (LYFT) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lyft (LYFT) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.29 per share a year ago.
Lyft on Wednesday offered up a fourth-quarter forecast for a key demand metric that topped Wall Street's expectations and said its push into Europe would give sales a boost next year.
The company posted a profit of $46.1 million as its rides and number of active riders rose to an all-time high.
LYFT's expanding rider base, strong bookings and cost cuts fuel optimism ahead of its third-quarter 2025 earnings release.
Lyft is gaining market share, improving profitability, and is well-positioned in the U.S. ride-sharing duopoly with a customer-obsessed strategy. LYFT's partnerships with Waymo, Baidu, May Mobility, and Mobileye show that ridesharing companies have solid bargaining power in the coming AV revolution. Valuation is still attractive, trading at a P/FCF below 10x and a P/S ratio of just 1.25x, significantly lower than peers, such as Uber (over 4x) and Dash at 9x.
The latest trading day saw Lyft (LYFT) settling at $19.53, representing a -1.71% change from its previous close.