v3.26.1
Acquisitions
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions 4. Acquisitions
Acquisition of TBR Global Chauffeuring
On October 14, 2025, the Company completed the acquisition of 100% of the outstanding equity of TheBookingRoomGroup Limited (d/b/a TBR Global Chauffeuring or “TBR”), a global premium ground transportation and chauffeur service company, for a total purchase price of £86.4 million ($115.2 million), inclusive of an immaterial amount of contingent consideration. The acquisition, which was accounted for as a business combination, strengthens Lyft’s position in the high-value premium chauffeur space and creates an opportunity to combine Lyft’s global platform and technology expertise with TBR’s bespoke service.
The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands):
Current assets
$20,416 
Identifiable intangible assets51,756 
Goodwill
64,167 
Other non-current assets
575 
Current liabilities
(15,888)
Non-current liabilities
(5,828)
Total acquisition consideration$115,198 
Goodwill of $64.2 million recognized in connection with the acquisition is primarily attributable to anticipated synergies arising from the integration of TBR’s operations with Lyft such as opportunities to expand the Company’s geographic footprint and enhance product offerings. Goodwill also reflects the value of TBR’s assembled workforce and other intangible assets that do not qualify for separate recognition. The goodwill recognized was not considered deductible for tax purposes.
The Company recorded intangible assets at their fair value, which consisted of the following (in thousands):
Estimated Useful Life (in Years)Gross Carrying
Amount
Customer relationships10.0$34,015 
Developed technology
4.012,539 
Trade name
8.05,202 
Total intangible assets
$51,756 
Acquisition of Freenow
On July 31, 2025, the Company completed the acquisition of 100% of the outstanding equity of Intelligent Apps GmbH (d/b/a Freenow), a European multimodal application with a taxi offering at its core, for a total purchase price of €204.1 million ($234.8 million). The acquisition, which was accounted for as a business combination, expands Lyft’s presence outside North America and provides access to Freenow’s established platform, customer base, and local market expertise. Subsequent to the acquisition date, the Company recognized an update to provisional amounts, bringing the total purchase consideration to €205.9 million ($236.8 million). The Company finalized the valuation of assets acquired and liabilities assumed for the acquisition of Freenow as of June 30, 2026.
The following table summarizes the fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands):
Current assets
$73,552 
Identifiable intangible assets101,234 
Goodwill
117,529 
Other non-current assets
30,745 
Current liabilities
(55,973)
Non-current liabilities
(30,280)
Total acquisition consideration$236,807 
Goodwill of $117.5 million recognized in connection with the acquisition is primarily attributable to expected synergies from integrating Freenow’s operations with Lyft’s existing platform. Goodwill also reflects the value of Freenow’s assembled workforce and other intangible assets that do not qualify for separate recognition. The goodwill recognized was not considered deductible for tax purposes.
The Company recorded intangible assets at their fair value, which consisted of the following (in thousands):
Estimated Useful Life (in Years)
Gross Carrying
Amount
Developed technology5.0$57,519 
User and driver relationships
4.040,263 
Trade name licensing agreement
3.03,452 
Total intangible assets
$101,234