Lyft misses Q4 revenue estimates, sets $1 bln buyback

Lyft

10/02/2026 21:13

Overview

Ride-hailing platform's Q4 revenue missed analyst expectations

Adjusted EBITDA for Q4 beat analyst expectations

Company announced $1 bln share repurchase program

Outlook

Lyft expects Q1 2026 gross bookings between $4.86 bln and $5.00 bln

Company projects Q1 2026 adjusted EBITDA of $120 mln to $140 mln

Lyft plans AV deployments in U.S. and overseas in 2026

Result Drivers

GROSS BOOKINGS GROWTH - Lyft reported a 19% increase in Q4 gross bookings year-over-year, indicating strong demand for its services

ACTIVE RIDERS INCREASE - Active riders grew 18% year-over-year to 29.2 million in Q4, reflecting increased usage of Lyft's platform

NEW PRODUCT LAUNCH - Lyft introduced Lyft Teen, expanding its service offerings to a younger demographic

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$1.60 bln
$1.75 bln (38 Analysts)
Q4 Net Income
$2.80 bln
Q4 Adjusted EBITDA
Beat
$154.10 mln
$147.13 mln (34 Analysts)
Q4 Adjusted EBITDA Margin
3.00%
Q4 Gross Bookings
$5.10 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 14 "strong buy" or "buy", 33 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Lyft Inc is $24.03, about 44.7% above its February 9 closing price of $16.61

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 43 three months ago

Press Release: ID:nBw65byfHa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)