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Lyft sinks on disappointing earnings and lower-than-expected sales

Lyft reported its second-quarter earnings after the bell on Wednesday.

8/6/25 4:15PM

Shares of ride-hailing silver medalist Lyft are falling in after-hours trading on Wednesday following the release of the company’s second-quarter earnings.

The company posted revenue of $1.59 billion, shy of the $1.61 billion Wall Street expected. Its shares were down more than 7% after the bell.

Lyft reported:

Earnings of $0.10 per share vs. the $0.28 per share expected by analysts polled by FactSet.
Gross bookings of $4.49 billion, just shy of Wall Street’s expectations. Earlier this year, Lyft guided for $4.41 billion to $4.57 billion in gross bookings for the period.
And 26.1 million active riders, better than the 25.9 million expected by Wall Street and up 10% from last year.

Looking ahead to the current quarter, Lyft said it expects gross bookings in the range of $4.65 billion to $4.8 billion. Analysts expected $4.59 billion.

Like Uber, Tesla, and Alphabet’s Waymo, Lyft is racing to build out robotaxi services in the months ahead. Earlier this week, Lyft said it’s partnered with Chinese tech giant Baidu to launch robotaxi programs in Germany and the UK next year.

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