Lyft Inc. has reported strong financial results for the first quarter, surpassing analysts' expectations with a revenue of $1.28 billion against the expected $1.16 billion. The company also saw an increase in active riders to 21.9 million, higher than the anticipated 21.76 million. For the upcoming quarter, Lyft forecasts gross bookings between $4.0 billion and $4.1 billion, representing a 16% to 19% year-over-year increase, and expects adjusted EBITDA to be between $95 million and $100 million. This positive outlook is supported by a robust demand for ride-hailing services and follows a quarter of positive free cash flow, marking the second consecutive quarter for such financial performance. Lyft's stock rose by 8.13% following the announcement. The CEO highlighted the company's delivery of strong top-line growth and positive free cash flow, affirming their track to meet full-year financial goals.