From StockTwits: 2025-02-11 22:44:09

Lyft forecast first-quarter gross bookings between $4.05 billion and $4.20 billion, falling below analysts’ expectations of $4.26 billion. The company also forecast adjusted EBITDA between $90 million and $95 million, slightly below the average estimate of $94.16 million. Lyft stock dropped 11% after-hours on Tuesday due to the forecasts. The company reported a 15% rise in gross bookings for the fourth quarter, reaching $4.28 billion. Lyft’s active riders grew 10% year-over-year to 24.7 million, hitting a new record in driver hours. Lyft also launched a $500 million share buyback program. Retail sentiment on Stocktwits remained ‘extremely bullish’ with users discussing buying more shares amid the stock dip. Uber had also forecasted lower first-quarter gross bookings. Over the past year, Lyft shares have gained about 16%.



Read more at StockTwits: Lyft Stock Tumbles On Soft Q1 Forecast, But Retail Sentiment Rises To Year-High After Q4 Sales Beat