Lyft drops after Q1 profit forecast falls short of expectations

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