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Lyft Misses Earnings, Stock Plummets 15% Amid Shift

2/11/2026

Summary

Story summary

Lyft reported fourth-quarter revenue of $1.59 billion, below the $1.76 billion estimate.
Its stock fell 15% in extended trading after the results were released.
Bookings rose 19% year over year to $5.07 billion, with 29.2 million active riders, below expectations.
Lyft posted net income of about $2.76 billion, or $6.72 per share, and forecast adjusted EBITDA of $120 million to $140 million for the next quarter.
David Risher, Lyft chief executive officer, said the company is shifting toward a global hybrid transportation platform with plans for autonomous vehicle deployments in 2026.

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Story summary

Lyft reported fourth-quarter revenue of $1.59 billion, below the $1.76 billion estimate.
Its stock fell 15% in extended trading after the results were released.
Bookings rose 19% year over year to $5.07 billion, with 29.2 million active riders, below expectations.
Lyft posted net income of about $2.76 billion, or $6.72 per share, and forecast adjusted EBITDA of $120 million to $140 million for the next quarter.
David Risher, Lyft chief executive officer, said the company is shifting toward a global hybrid transportation platform with plans for autonomous vehicle deployments in 2026.