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Lyft Shares Soar 22% After Strong Q1 Results

5/9/2025

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Summary

Story summary

Lyft's shares jumped 22% to $15.84 following impressive Q1 results and a $750 million buyback plan.
Gross bookings increased 13% to $4.16 billion, surpassing estimates, with rides up 16% to 218.4 million.
The company achieved a net income of $2.57 million, recovering from last year's loss.
CEO David Risher highlighted strong consumer demand and a promising growth trajectory.
Analysts upgraded Lyft's rating, reflecting improved performance and optimism for Q2.

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Story summary

Lyft's shares jumped 22% to $15.84 following impressive Q1 results and a $750 million buyback plan.
Gross bookings increased 13% to $4.16 billion, surpassing estimates, with rides up 16% to 218.4 million.
The company achieved a net income of $2.57 million, recovering from last year's loss.
CEO David Risher highlighted strong consumer demand and a promising growth trajectory.
Analysts upgraded Lyft's rating, reflecting improved performance and optimism for Q2.