Lyft Reports Record 2025 Performance, Expands Europe with FREENOW and $1B Buyback
Lyft recorded its highest active riders, driver hours, gross bookings, profitability and free cash flow in 2025 while completing a $500 million buyback and authorizing an additional $1 billion repurchase. The company expanded into nine European countries with FREENOW, added TBR Global Chauffeuring, launched United and DoorDash partnerships, and set a 2027 gross bookings target near $25 billion driven by high-value rides and autonomous vehicle collaborations.
1. Record 2025 Financial and Operating Metrics
Lyft achieved record metrics in 2025, including highest active riders, driver hours and gross bookings, while delivering record profitability and free cash flow. The company completed $500 million of its inaugural share repurchase and authorized a further $1 billion buyback, underscoring management’s focus on capital returns.
2. Europe Expansion and Strategic Partnerships
The FREENOW acquisition expanded Lyft’s presence into nine European countries and bolstered its ads business and marketplace management synergies. Domestic growth drivers included new partnerships with United and DoorDash and the TBR Global Chauffeuring buy, targeting higher-value corporate and chauffeured offerings.
3. Autonomous Vehicles and Capital Allocation
Lyft is partnering with Waymo in Nashville and Baidu in London on autonomous ride services, investing $10–15 million in depot infrastructure and initial vehicle purchases. Capital priorities remain core liquidity, growth investments and opportunistic buybacks, while aiming for margin expansion and long-term ride frequency gains.