Overview
Ride-hailing platform's Q4 revenue missed analyst expectations
Adjusted EBITDA for Q4 beat analyst expectations
Company announced $1 bln share repurchase program
Outlook
Lyft expects Q1 2026 gross bookings between $4.86 bln and $5.00 bln
Company projects Q1 2026 adjusted EBITDA of $120 mln to $140 mln
Lyft plans AV deployments in U.S. and overseas in 2026
Result Drivers
GROSS BOOKINGS GROWTH - Lyft reported a 19% increase in Q4 gross bookings year-over-year, indicating strong demand for its services
ACTIVE RIDERS INCREASE - Active riders grew 18% year-over-year to 29.2 million in Q4, reflecting increased usage of Lyft's platform
NEW PRODUCT LAUNCH - Lyft introduced Lyft Teen, expanding its service offerings to a younger demographic
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $1.60 bln | $1.75 bln (38 Analysts) |
Q4 Net Income | $2.80 bln | ||
Q4 Adjusted EBITDA | Beat | $154.10 mln | $147.13 mln (34 Analysts) |
Q4 Adjusted EBITDA Margin | 3.00% | ||
Q4 Gross Bookings | $5.10 bln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 14 "strong buy" or "buy", 33 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for Lyft Inc is $24.03, about 44.7% above its February 9 closing price of $16.61
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 43 three months ago
Press Release: ID:nBw65byfHa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)