BUZZ-<a href="https://laohu8.com/S/LYFT">Lyft</a> drops after Q1 profit forecast falls short of expectations** Shares of Lyft LYFT.O fall 12.8% to $14.70 after the bell
** LYFT sees Q1 bookings and adjusted core profit below expectations, hit by severe winter storms in parts of the U.S.
** Expects gross bookings of $4.86 billion to $5 billion, with midpoint largely in line with an estimate of $4.95 billion
** LYFT expects adjusted core profit of $120 million to $140 million for Q1, vs an estimate of $139.4 million
** Authorizes new $1 billion share repurchase program
** Revenue in Q4 stood at $1.59 billion, below an estimate of $1.76 billion; gross bookings rise 19% to $5.07 billion
** LYFT gained 50.2% in 2025
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.