Lyft reported third-quarter 2026 financial results with gross bookings of $5.6 billion, up 17% year over year. Revenue reached $1.8 billion, an 8% increase, while net loss widened to $(9.7) million due to a $117.9 million impact from legal and regulatory reserve changes. Adjusted EBITDA surged 47% to $203.9 million, driven by record active riders of 31.6 million and rides totaling 273.5 million. The company also announced the launch of Lyft Go membership and Alcove premium chauffuring brand. Lyft operates a global mobility platform offering rideshare, taxis, private hire vehicles, and micromobility services.
