Lyft drops after Q1 profit forecast falls short of expectations

Lyft

10/02/2026 21:21

** Shares of Lyft LYFT.O fall 12.8% to $14.70 after the bell

** LYFT sees Q1 bookings and adjusted core profit below expectations, hit by severe winter storms in parts of the U.S.

** Expects gross bookings of $4.86 billion to $5 billion, with midpoint largely in line with an estimate of $4.95 billion

** LYFT expects adjusted core profit of $120 million to $140 million for Q1, vs an estimate of $139.4 million

** Authorizes new $1 billion share repurchase program

** Revenue in Q4 stood at $1.59 billion, below an estimate of $1.76 billion; gross bookings rise 19% to $5.07 billion

** LYFT gained 50.2% in 2025

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))