---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-24-000096"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:50:15.451103+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Lyft reports first-ever GAAP profit of $5M; Q2 revenue up 41% YoY, active riders hit 23.7M

## Summary
- Net income $5.0M vs loss $114.3M in Q2'23; first GAAP-profitable quarter.
- Revenue $1.4B (+41% YoY); Gross Bookings $4.0B (+17% YoY).
- Active riders 23.7M (+10% YoY); rides 205M (+15% YoY); all-time highs.
- Adjusted EBITDA $102.9M vs $41.0M in Q2'23; free cash flow $256.4M.
- Q3 outlook: Gross Bookings $4.0-4.1B, Adj. EBITDA $90-95M; FY24 free cash flow conversion >90% target ahead of schedule.

## SEC filing metadata
- accession: 0001759509-24-000096
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000096/0001759509-24-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000096/lyft-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-24-000096
- JSON: https://secwatch.observer/filing/0001759509-24-000096.json
- Plain text: https://secwatch.observer/filing/0001759509-24-000096.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.