Lyft Stock Slips 3% After Hours As Q2 Guidance Trails Uber’s Stronger Outlook

• CFO Erin Brewer said that the company is seeing “healthy underlying demand” and expects growth to accelerate in the second quarter (Q2).
• Investors are now focused on how Lyft stacks up against its larger rival, Uber, in an increasingly competitive rideshare landscape.
• Lyft said on Thursday that it expects Q2 gross bookings of $5.30–$5.43 billion, compared to Uber’s $56.25–$57.75 billion estimate. 
   

Shares of Lyft Inc. (LYFT) slipped roughly 3% in after-hours trading on Thursday after reporting mixed first-quarter results, as investors compared the company’s second-quarter guidance with rival Uber Technologies’ stronger earnings and outlook released the previous day.

Lyft reported first-quarter revenue of $1.7 billion, up 14% year-over-year (YoY) and higher than the $1.63 billion expected by analysts, according to data from Fiscal AI. Gross bookings rose a stronger 19% to $4.9 billion. Net income per share for the quarter came in at $0.04, below the $0.07 expected by analysts.

CFO Erin Brewer said that the company is seeing “healthy underlying demand” and expects growth to accelerate in the second quarter (Q2). Lyft guided second-quarter gross bookings to $5.30–$5.43 billion, up 18–21% year-over-year, and adjusted core profit of $160–$180 million.

LYFT Vs. UBER

Further, investors are increasingly focused on how Lyft stacks up against its larger rival, Uber, in an increasingly competitive rideshare landscape.

On Wednesday, Uber delivered a standout first-quarter 2026 performance, blending robust demand growth with accelerating profitability that outpaced revenue headwinds. Revenue climbed 14% year-over-year to $13.2 billion, slightly missing consensus estimates due to a roughly 9-percentage-point drag from business model changes, yet gross bookings surged 25% to $53.7 billion, while adjusted EPS jumped 44% to $0.72.

Uber said that it expects Q2 gross bookings of $56.25–$57.75 billion and adjusted EPS of $0.78–$0.82.

How Did LYFT Retail Traders React?

On Stocktwits, retail sentiment around LYFT stock improved from ‘neutral’ to ‘bullish’ territory over the past 24 hours, while message volume stayed at ‘high’ levels.

A Stocktwits user highlighted the company’s fundamentals and share repurchases, opining that they would buy more shares.

Another user said that they prefer Uber among the two rideshare companies.

LYFT stock has gained 12% over the past 12 months. 

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