Lyft to acquire London black cab app Gett UK
Lyft describes its international expansion strategy as “expanding ‘out’ in more locations and ‘up’ into more high-value segments.”
Lyft announced Thursday that it has agreed to acquire Gett UK, a ride-hailing app that specializes in London black cabs, for an undisclosed sum.
The announcement marks the San Francisco-based company’s latest overseas expansion after staying in North America for many years while its top competitor, Uber, moved into new markets across the globe.
The company bought FreeNow, a European ride-hailing app, for $197 million in an all-cash deal last April, marking the first time Lyft had expanded beyond the US or Canada. Lyft is also testing autonomous rides in London via a partnership with Baidu.
Lyft describes its international expansion strategy as “expanding ‘out’ in more locations and ‘up’ into more high-value segments.”
It’s one of several moves that came after David Risher became CEO in 2023. Since then, Lyft has cut costs and introduced new features, including a price lock for commuters.
The stock rose 50% in 2025 as investors began to see signs of a comeback. But it has fallen 27% so far in 2026 after its February earnings report complicated its comeback story.
The company reported a surprise $185 million operating loss for Q4 2025, which Risher said came from an “unexpected” increase in rivals’ price promotion. The company reports its Q1 earnings results on May 7.
