Lyft CEO David Risher defended Q4 results, citing strong consumer demand, record profits, and over $1 billion in cash. Shares dropped 15% as ridership fell short of estimates, with 29.2 million active riders and 243.5 million rides. Teen accounts and FreeNow acquisition are seen as growth drivers. Soft Q1 guidance issued, with bookings projected at $4.86-5 billion and adjusted EBITDA at $120-140 million. Lyft plans autonomous vehicle rollout with partnerships like Waymo and Baidu, aiming to bring self-driving cars to Nashville in 2026. Q4 revenue met expectations at $1.76 billion, with adjusted 16 cents in earnings per share. Super Bowl demand saw 13-15% volume growth year over year, with faster pickups and lower surge pricing than competitors.
Read more at CNBC: Lyft CEO David Risher addresses post-earnings stock plunge
