From CNBC: 2025-02-12 09:52:11

Lyft shares dropped over 9% following underwhelming Q4 results and weaker bookings guidance due to price cuts to compete in the market. Revenues were $1.55 billion, missing estimates by $10 million. CEO David Risher is optimistic about the future despite pricing challenges. Lyft predicts bookings of $4.05 to $4.20 billion, lower than expectations. CFO Erin Brewer mentioned a low single-digit percentage impact on gross bookings due to pricing pressures and the end of partnership with Delta Air Lines. Lyft had 24.7 million active riders in Q4, surpassing estimates. The company plans to launch Mobileye-powered taxis in Dallas by 2026 and announced a $500 million share buyback program.



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