Lyft reported a $9.7 million net loss in the third quarter of 2026, after net income a year earlier, even as gross bookings climbed 17%.
The company recorded $46.1 million in net income in the same quarter a year earlier. Changes to legal, tax and regulatory reserves, alongside settlements, affected its latest results by $117.9 million, Lyft said. Of that amount, $69.1 million reduced revenue. Lyft’s prepared remarks said the accrual included a California settlement related to driver classification from 2016 through 2020.
Revenue rose 8% to $1.82 billion. Lyft said revenue would have been $1.9 billion without the $69.1 million effect. Gross bookings reached $5.62 billion, up 17% year over year, a faster growth rate than reported revenue. Active Riders increased 10% to 31.6 million, while completed rides also rose 10%, to 273.5 million.
Adjusted EBITDA, a non-GAAP measure, was $203.9 million, compared with $138.9 million a year earlier. The company’s Nov. 5 Form 8-K lists disclosures on operating results and financial condition, Regulation FD, and financial statements and exhibits. The earnings release is included as an exhibit. The SEC filing index lists 13 documents, including the 8-K, a graphic and XBRL files.
For the fourth quarter, Lyft projected gross bookings of $5.74 billion to $5.94 billion and adjusted EBITDA of $188 million to $213 million. It did not provide a GAAP equivalent or reconciliation for the adjusted EBITDA outlook, saying uncertain items made one unavailable without unreasonable effort. Lyft’s fourth-quarter results will provide the next indicator for how its performance compares with those projections.
