Lyft Inc. has announced its financial results for the first quarter ending March 31, 2025, revealing a strong start to the year. The company reported Gross Bookings of $4.2 billion, representing a 13% increase year over year. Revenue for the quarter rose by 14% to $1.5 billion compared to the same period last year. The company achieved a net income of $2.6 million, a significant improvement from a net loss of $31.5 million in Q1 2024. This translates to a net income as a percentage of Gross Bookings of 0.1%, compared to a net loss percentage of (0.9)% in the previous year's first quarter. Lyft's Adjusted EBITDA reached $106.5 million, an increase from $59.4 million in Q1 2024. The Adjusted EBITDA margin as a percentage of Gross Bookings increased to 2.6% from 1.6% year over year. Net cash provided by operating activities was $287.2 million, up from $156.2 million in Q1 2024, with free cash flow rising to $280.7 million from $127.1 million in the same period last year. Operational highlights for the quarter included a 16% year-over-year growth in rides, totaling 218.4 million, marking a record for Q1. Active Riders also saw an 11% increase, reaching 24.2 million, another record for the first quarter. Lyft is also expanding its market reach with the introduction of Lyft Silver to target new demographics and plans for a strategic acquisition of FREENOW to establish a presence in Europe. Additionally, Lyft has increased its share repurchase program authorization to $750 million, capitalizing on its financial strength and growth opportunities.