From CNBC:

Lyft stock initially surged in extended trading but fell back after CFO Erin Brewer admitted to a major error in the earnings report. The company misstated its margin expansion and the actual increase will be lower than initially indicated. Despite the correction, Lyft’s revenue increased 4% from a year earlier. CEO David Risher noted a record number of annual riders. Lyft stock is still over 80% off its debut price, and shares were down 19% before the report. Uber shares, on the other hand, were up 12%.



Read more: Lyft 2023 Q4 earnings report