Lyft Inc.: Miss — EPS -$0.03, Revenue $1.82B
Earnings MissQ3 2026 · After-market
Did Lyft Inc. (LYFT) beat earnings?
No, Lyft Inc. (LYFT) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-115.00% surprise
-$0.03Actual
Expected: $0.20
vs. year ago -127.3%
Total Revenue-4.62% surprise
$1.82BActual
Expected: $1.91B
vs. year ago +8.0%
Released Nov 05 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $1.82B | $1.69B | +8.0% |
| Net (loss) income | $(9.7)M | $46.10M | -121.0% |
| GAAP Basic EPS | $(0.03) | $0.11 | -127.3% |
| GAAP Diluted EPS | $(0.03) | $0.11 | -127.3% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook |
|---|---|
| Guidance | |
| Gross Bookings | ~$5.74B-$5.94B (+13-17% YoY |
| Adjusted EBITDA | ~$188M-$213M (+22-38% YoY |
| Adjusted EBITDA margin | ~3.3%-3.6% |
Q4 2026 Outlook
- Gross Bookings
- Guidance~$5.74B-$5.94B(+13-17% YoY
- Adjusted EBITDA
- Guidance~$188M-$213M(+22-38% YoY
- Adjusted EBITDA margin
- Guidance~3.3%-3.6%
Business Highlights
- ➤Delivered record Active Riders, Rides, and Gross Bookings.
- ➤Launched Lyft Go in the U.S. membership program.
- ➤Lyft Go members can earn up to 8% back in Lyft Credits on every ride.
- ➤Introduced Alcove, a global premium chauffeuring brand for corporate travel.
- ➤Alcove is scheduled to launch in early 2027.
- ➤Matched riders to fully autonomous Waymo vehicles in Nashville via the Lyft app.
- ➤Opened an 80,000-square-foot depot in October.
- ➤North American rideshare rides linked to partnerships reached a record.
- ➤Lyft Urban Solutions achieved an all-time high quarter.
- ➤Expanded into Europe.
- ➤AV partnerships support Lyft’s hybrid-operator strategy.
Management Commentary
David Risher, CEO
“Neither rain nor heat nor the gloom of night can slow Lyft’s business. Our customer obsession drove our best financial performance ever. And today we launched Lyft Go, the industry’s best membership program,”
David Risher, CEO
“Looking ahead, our AV partnerships are preparing us to be the best hybrid operator in the business. The next five years will change how the world moves, and Lyft is setting the standard.”
Michael Brous, CFO
“Strong execution led to rides acceleration in North America and helped us to deliver record Active Riders, Rides, and Gross Bookings as we surpassed $1 billion in trailing twelve-month cash generation for the fifth straight quarter,”
Michael Brous, CFO
“This durable growth in the core business combined with expansion into Europe shows our formula is working and positions us well for the road ahead.”