Lyft’s stock dropped 15% after disappointing Q4 results. Revenue was $1.59 billion, missing $1.76 billion estimates. Bookings grew 19% to $5.07 billion. Net income was $2.76 billion. Adjusted EBITDA expected $120-140 million, below $139.8 million estimates. Legislation in California lowered insurance costs and ride prices. Lyft posted underwhelming ride metrics. Active riders were 29.2 million, below estimates of 29.5 million. Rides totaled 243.5 million, missing estimates of 256.6 million. Company approved $1 billion in additional share buybacks.

Read more at CNBC: Lyft (LYFT) Q4 2025 earnings