Lyft Inc Class A

LYFT: XNAS (USA)

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Lyft Earnings: Solid Quarter, but Lack of Scale Is Still a Limiting Factor for the Ride-Hail Network

Mark Giarelli

Aug 7, 2026

Lyft posted solid second-quarter results, with active riders up 17% to 30.5 million, and gross bookings up 23% to $5.5 billion. Partnerships drove 30% of North America rides (up from 27%), supporting growth. Adjusted EBITDA was up 37% to $177 million or 3.2% of gross bookings—an all-time high.

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Lyft Inc Class A

Lyft Earnings: Solid Quarter, but Lack of Scale Is Still a Limiting Factor for the Ride-Hail Network

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