Lyft Q1 Earnings Miss Triggers 3% Drop

Lyft reported Q1 2026 adjusted EPS of $0.04, missing consensus $0.06, causing shares to fall 3.25%.
Revenue rose 14% YoY to $1.7 billion, beating the $1.64 billion estimate.
Gross bookings grew 19% YoY to $4.9 billion and active riders hit a record 28.3 million, up 17%.
FYQ2 guidance projects gross bookings $5.30‑$5.43 billion (18‑21% YoY) and adjusted EBITDA $160‑$180 million.