Lyft to acquire London black cab app Gett UK
Lyft describes its international expansion strategy as “expanding ‘out’ in more locations and ‘up’ into more high-value segments.”
Lyft announced Thursday that it has agreed to acquire Gett UK, a ride-hailing app that specializes in London black cabs, for an undisclosed sum.
The announcement marks the San Francisco-based company’s latest overseas expansion after staying in North America for many years while its top competitor, Uber, moved into new markets across the globe.
The company bought FreeNow, a European ride-hailing app, for $197 million in an all-cash deal last April, marking the first time Lyft had expanded beyond the US or Canada. Lyft is also testing autonomous rides in London via a partnership with Baidu.
Lyft describes its international expansion strategy as “expanding ‘out’ in more locations and ‘up’ into more high-value segments.”
It’s one of several moves that came after David Risher became CEO in 2023. Since then, Lyft has cut costs and introduced new features, including price lock for commuters.
The stock rose 50% in 2025 as investors began to see signs of a comeback. But it has fallen 27% so far in 2026 after its most recent earnings report in February complicated its comeback story.
The company reported a surprise $185 million operating loss for Q4 2025, which Risher said came from an “unexpected” increase in rivals’ price promotion. The company reports its Q1 earnings results on May 7.
