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Lyft (NASDAQ: LYFT) reported robust Q1 2025 results, showing ongoing operational and financial momentum. Gross bookings grew by 13% year-over-year (y-o-y) to $4.2 billion, while revenue increased 14% to $1.5 billion. The company achieved a net income of $2.57 million, marking a substantial improvement from the $31.54 million net loss in Q1 2024, marking its third consecutive quarter of being profitable. Operationally, Lyft completed 218 million rides (up 16% y-o-y) and expanded its active rider base by 11% y-o-y to 24.2 million. Strategically, Lyft is broadening its presence in smaller, car-dependent cities like Indianapolis, where rides surged by 37% in Q1. The company is also investing in autonomous vehicle technology through collaborations with Mobileye, May Mobility, and Nexar, intending to incorporate self-driving…
