Description

Lyft’s Waymo Partnership: Can Autonomous Vehicles Unlock The Next Leg?

Lyft’s first quarter of 2026 exhibited continued growth and execution aligned with its strategic objectives, supported by increases in active riders, gross bookings, and adjusted EBITDA. The company reported a 19% year-over-year rise in gross bookings and a 25% growth in adjusted EBITDA, alongside generating a record $1.12 billion in free cash flow over the prior twelve months. Lyft also executed its largest quarterly share repurchase of $300 million during the period. These financial achievements reflect ongoing momentum, with management projecting approximately 20% growth in gross bookings and over 30% expansion in adjusted EBITDA for the full year. Lyft’s rideshare business demonstrated strength, notably with double-digit rides growth during key events such as Valentine’s Day and the Super Bowl. Geographic expansion efforts progressed through acquisitions, including Gett’s U.K. business, broadening the company’s presence in London and extending its operations to over 120 countries globally.