Lyft reported strong Q2 growth and announced it will become United Airlines’ first rideshare partner, offering loyalty points on all rides as part of a broader push into business travel and international markets.
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LyftLyft unveiled plans for a new partnership with United Airlines during its second-quarter earnings release, marking the airline’s first foray into rideshare collaborations. While the ride-hailing company shared few specifics, CEO David Risher teased that the initiative would be “industry-leading,” offering United customers points on every Lyft ride — not just those to and from airports.
“We’ll talk more about the specifics later this year when we launch it to consumers,” Risher said during Wednesday evening’s earnings call. “But the headline there is we expect it to be industry-leading… Lyft will be their first [rideshare partner], and they’re taking it very seriously.”
Until this past spring, Lyft maintained a long-standing partnership with Delta Air Lines, which later shifted its loyalty program integration to Uber.
The United deal was announced alongside other strategic moves. On Monday, Lyft rolled out its new “cash back” benefit within the Lyft Business Rewards Program, aimed at boosting engagement with corporate travelers. Last week, the company also finalized its acquisition of European taxi app Freenow, first announced in April.
“When you think about that business, it’s a taxi business across nine European markets,” CFO Erin Brewer explained. “Taxi tends to be a little bit more of an elevated experience. They have a heavy business travel population.” Lyft’s third-quarter guidance will include two months of Freenow’s operations, Brewer added.
Q2 Performance
For the quarter, Lyft reported:
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Gross bookings: $4.5 billion, up nearly 12% year over year
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Revenue: $1.6 billion, up about 11%
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Net income: $40.3 million, compared with $5 million in Q2 2024
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Active riders: 26.1 million, up from 23.7 million in the same period last year
Looking ahead, Lyft projects third-quarter gross bookings to increase 13%–17% year over year, with ride volume growing in the mid-teens percentage range.
The United partnership, coupled with its European taxi expansion and business travel incentives, signals Lyft’s push to diversify and strengthen its position against rival Uber in both domestic and international markets.
Source: Lyft
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