Core Insights - Lyft reported revenue of $1.59 billion for the quarter ended December 2025, reflecting a year-over-year increase of 2.7% but falling short of the Zacks Consensus Estimate of $1.76 billion by 9.55% [1] - The company's EPS was -$0.20, a significant decline from $0.30 in the same quarter last year, resulting in an EPS surprise of -162.5% compared to the consensus estimate of $0.32 [1] Financial Performance Metrics - Gross Bookings were reported at $5.07 billion, slightly below the estimated $5.08 billion by analysts [4] - The number of rides taken was 243.5 million, which was lower than the average estimate of 256.43 million [4] - Active riders totaled 29.2 million, compared to the average estimate of 29.54 million [4] Stock Performance - Over the past month, Lyft's shares have returned -15.6%, contrasting with the Zacks S&P 500 composite, which remained unchanged [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]

智通财经APP获悉，Lyft Inc(LYFT.US)于 2026 年 2 月 10 日发布了 2025 年第四季度及全年财报，展现 出极具戏剧性的财务面貌。尽管公司在该季度录得创纪录的 27.6 亿美元 净利润，但这一巨额数字主要 源于一笔高达 29 亿美元的税收资产评估准备金释放，而非纯粹的经营增长。在核心业务层面，Lyft 第 四季度营收为 15.9 亿美元，虽然同比增长 2.6%，但未能达到分析师预期的 1.76 亿美元。由于营收不及 预期且对 2026 年第一季度的业绩指引疲软，公司股价在盘后交易中一度重挫约 15%。 在运营数据方面，Lyft 在 2025 年展现了强劲的市场渗透力。第四季度活跃乘客数量同比增长 18%，达 到创纪录的 2920 万人;全年总预订额达到 185 亿美元，同比增长 15%。尽管活跃度激增，但营收受到了 1.68 亿美元法律及监管准备金支出的直接拖累。此外，公司在 2025 年实现了 11.2 亿美元 的自由现金 流，这为其董事会批准新的 10 亿美元股票回购计划 提供了充足底气，旨在向市场传递管理层对公司长 期价值的信心。 Lyft 的业绩也可能让部分投资者失望，他们 ...

Core Insights - Lyft's stock fell 16% in after-hours trading following disappointing fourth-quarter earnings and a 2026 outlook that did not meet expectations [1] - The company's revenue increased by 3% to $1.59 billion, which was below the anticipated $1.76 billion [1] - Lyft's guidance for the first quarter indicated adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) between $120 million and $140 million, also missing analyst expectations [1] Financial Performance - Lyft reported a surprise operating loss of $188.4 million for 2025, attributed to increased competitive price promotions [2] - The company experienced an unexpected rise in competitors' promotional activities that negatively impacted quarterly results, as noted by CEO David Risher [2] Strategic Initiatives - Since David Risher became CEO in 2023, Lyft has focused on cost-cutting and introduced new products, including a price-lock feature for commuters [7] - Lyft's stock has seen an approximate 11% increase over the past year [7] - Risher outlined growth plans for 2026 and beyond, including the introduction of Black car rides and a service for teens, which are already offered by rival Uber [7] Future Expansion - Lyft is exploring the robotaxi market, collaborating with Waymo to integrate self-driving cars into its ride-hailing app in Nashville later this year [8] - The company faces challenges in the autonomous vehicle sector, with Risher indicating a limited number of suppliers capable of meeting Lyft's scale requirements [8] - Risher anticipates an increase in robotaxi availability by 2030, suggesting a positive outlook for future supply [9]

分组1 - Lyft reported a quarterly loss of $0.2 per share, missing the Zacks Consensus Estimate of $0.32, and compared to earnings of $0.3 per share a year ago, representing an earnings surprise of -162.50% [1] - The company posted revenues of $1.59 billion for the quarter ended December 2025, missing the Zacks Consensus Estimate by 9.55%, and this is an increase from year-ago revenues of $1.55 billion [2] - Lyft shares have declined approximately 14.3% since the beginning of the year, while the S&P 500 has gained 1.7% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $1.68 billion, and for the current fiscal year, it is $1.51 on revenues of $7.44 billion [7] - The Zacks Industry Rank indicates that the Internet - Services sector is currently in the bottom 37% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]

Core Insights - Lyft's CEO David Risher highlighted the company's achievements in 2025, emphasizing growth in gross bookings, profitability, and strategic expansions into Europe and autonomous vehicle markets [1][4][6] Financial Performance - Lyft reported a 19% year-over-year growth in gross bookings and an 18% increase in active riders, marking its most profitable quarter ever with over $1 billion in cash generated [2][6] - The company aims for $25 billion in gross bookings, a 4% adjusted EBITDA margin, and over $1 billion in free cash flow by 2027 [1][6] Growth Strategies - Key growth priorities include international expansion, partnerships (notably with DoorDash and United MileagePlus), higher-value ride offerings (up 50% YoY), and advertising initiatives [5][9] - Lyft launched Lyft Teen to facilitate safe independent travel for teenagers [8] Market Dynamics - Risher noted that the rideshare market is only 5% penetrated, indicating significant growth potential in the U.S. and Europe [7] - Lyft is welcoming taxis onto its platform in select cities, leveraging FREENOW's expertise in regulated markets to enhance global expansion [16] Autonomous Vehicle Strategy - Lyft is pursuing a hybrid network model combining human drivers and autonomous vehicles, expecting AVs to lower costs by approximately 20% per mile by 2030 [14][15] - The company is selective in AV partnerships, focusing on operational readiness and proven safety [15] Operational Improvements - Lyft experienced improved marketplace health, with record driver hours and reduced surge pricing during peak events like the Super Bowl [12][13] - California's insurance reform is expected to positively impact demand and pricing for riders [17] Loyalty Initiatives - Lyft is enhancing its loyalty programs, reporting a 31-point advantage in driver preference and increased activations in its business rewards program [18]

Financial Data and Key Metrics Changes - Q4 2025 saw accelerated Gross Bookings growth of 19% year-over-year, with record profitability, achieving over $1 billion in cash flow [5][11] - The company reported 51.3 million riders taking 946 million rides, marking a significant increase in user engagement [5][11] - Adjusted EBITDA margin is targeted at 4% with a goal of over $1 billion in Free Cash Flow by 2027 [6][7] Business Line Data and Key Metrics Changes - The rideshare business experienced an 18% year-over-year growth in Active Riders, indicating strong demand and retention [42] - Lyft's new product, Lyft Teen, aims to capture the teen market, enhancing customer base diversity [7] - Lyft Ads has reached a $100 million run rate, showcasing growth in advertising revenue [16][17] Market Data and Key Metrics Changes - The addressable market for rideshare is estimated at 300 billion rides in the U.S. and Europe, with Lyft currently capturing only about 5% [12] - The company is expanding its presence in Europe and enhancing partnerships, such as with DoorDash and United Airlines, to drive growth [13][14] Company Strategy and Development Direction - Lyft is focusing on customer obsession to drive profitable growth, emphasizing operational excellence and market expansion [11][12] - The company is investing in autonomous vehicles (AVs) to expand the total addressable market and reduce costs in the long term [18][29] - Lyft is also enhancing its loyalty programs to improve customer retention and engagement [68][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational strength and market position, with expectations for continued growth in Gross Bookings and profitability [53][54] - The company anticipates that changes in California's insurance regulations will positively impact demand in the latter half of 2026 [65][67] - Management highlighted the importance of maintaining service quality in competitive markets, particularly where AVs are becoming more prevalent [56][58] Other Important Information - The company is strategically integrating Flexdrive to optimize fleet management and enhance operational efficiency [32][33] - Lyft is actively working on partnerships to leverage synergies and improve service offerings [47][50] Q&A Session Summary Question: Insights on product innovation and growth drivers - Management highlighted impressive results driven by customer obsession, with record driver hours and Active Riders growth [11][12] Question: Guidance for Q1 and margin expectations - Management indicated strong Gross Bookings growth, with profitability aligned with previous year’s margins, despite a favorable non-recurring item last year [25][26] Question: Long-term taxi opportunities - Management noted the strategic addition of taxis to the platform to enhance supply and improve market presence [46][49] Question: AV partnerships and market competition - Management clarified that the focus is on a limited number of deep partnerships to ensure operational success, with a long-term view on AV supply growth [78][80] Question: Flexdrive and its role in AV partnerships - Management discussed Flexdrive's potential to enhance operational efficiency and its integration with AV strategies [86][87]

Financial Data and Key Metrics Changes - In Q4 2025, Lyft reported accelerated gross bookings growth of 19% year-over-year, achieving record profitability with over $1 billion in cash flow [6][12] - The company closed the year with 51.3 million riders and 946 million rides, indicating a strong operational performance [6][12] - Adjusted EBITDA margin is targeted at 4% with a goal of over $1 billion in free cash flow by 2027 [8][53] Business Line Data and Key Metrics Changes - The rideshare business saw active riders grow by 18% year-over-year, marking a record high [43] - Lyft's new product, Lyft Teen, aims to capture the teen market, which consists of approximately 40 million potential users in the U.S. [8] - Lyft Ads has reached a run rate of $100 million, showcasing significant growth in the advertising segment [17] Market Data and Key Metrics Changes - Lyft has expanded its operations into Europe and is focusing on the autonomous vehicle (AV) market, which is expected to significantly increase the total addressable market (TAM) [7][19] - The company is also integrating partnerships, such as with DoorDash and United Airlines, to enhance its service offerings and customer engagement [14][16] Company Strategy and Development Direction - Lyft's strategy emphasizes customer obsession, operational excellence, and expanding partnerships to drive growth [12][14] - The company is focusing on margin expansion, particularly in high-value modes and through its acquisition of FREENOW [14][55] - Lyft aims to build a hybrid network that combines traditional rideshare with AVs, which is expected to lower costs and expand market reach [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate competitive pressures and highlighted the importance of maintaining service quality [56][59] - The anticipated demand increase in California is linked to recent insurance reforms, which are expected to enhance rider behavior and overall demand in the latter half of 2026 [65][67] - Management remains optimistic about the long-term growth potential of the rideshare market, particularly with the integration of AVs [19][30] Other Important Information - Lyft is actively working on loyalty programs to enhance customer retention, with a focus on business travelers and consumer cashback initiatives [68][70] - The company is addressing operational efficiencies and cost discipline to ensure sustainable growth and profitability [55] Q&A Session Summary Question: What worked this year on the product innovation side? - Management highlighted impressive gross bookings growth and record driver hours, attributing success to customer obsession and operational excellence [12][14] Question: Can you discuss the guidance for Q1 and margin expectations? - Management indicated strong growth in gross bookings, with profitability expected to remain stable year-over-year despite previous non-recurring items [26][27] Question: What is the long-term opportunity for taxis? - Management noted that integrating taxis into the platform adds supply and enhances market presence, particularly in regulated markets like Europe [47][48] Question: How is Flexdrive contributing to cost efficiencies? - Management explained that Flexdrive is expected to provide significant advantages in fleet management and operational efficiency, particularly as AVs become more prevalent [34][35] Question: What are the implications of AVs on the rideshare market? - Management emphasized that AVs will expand the TAM and reduce costs over time, positioning Lyft favorably in the evolving market landscape [30][31] Question: How is Lyft addressing competitive intensity in markets with AVs? - Management stated that Lyft's pricing strategy remains competitive, focusing on service levels and customer experience to differentiate from AV competitors [56][59]

Financial Data and Key Metrics Changes - In Q4 2025, Lyft achieved gross bookings of $25 billion, representing a 19% year-over-year growth, and recorded over $1 billion in free cash flow, marking the most profitable quarter ever [5][11][6] - The adjusted EBITDA margin for the quarter was reported at 4%, with a significant increase in active riders by 18% year-over-year, totaling 51.3 million riders [5][11][40] Business Line Data and Key Metrics Changes - Lyft launched Lyft Teen, targeting the 40 million teens in the U.S. to provide affordable transportation options, which is expected to enhance user growth [6] - The rideshare business saw a record number of driver hours, indicating strong operational performance and increased engagement from drivers [11] Market Data and Key Metrics Changes - Lyft's expansion into Europe and the acquisition of FREENOW are expected to drive growth in international markets, with a focus on enhancing operational excellence [12][13] - The company noted that the rideshare market in the U.S. and Europe presents a total addressable market of approximately 300 billion rides, with only 5% currently penetrated, indicating significant growth potential [12] Company Strategy and Development Direction - Lyft's strategy emphasizes customer obsession, operational excellence, and partnerships to drive growth, particularly in high-value modes and international markets [11][13] - The company is focusing on margin expansion, with plans to enhance profitability through partnerships and operational efficiencies [51][53] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate competitive pressures, particularly from autonomous vehicles (AVs), and highlighted the importance of maintaining service quality [55][56] - The anticipated impact of lower insurance rates in California is expected to boost demand in the second half of 2026, as the company passes savings to riders [62] Other Important Information - Lyft Ads has reached a $100 million run rate, showcasing the growth of its advertising business [15] - The company is exploring loyalty programs to enhance customer retention, with initiatives like Lyft Cash Rewards and business travel incentives showing promising early results [66] Q&A Session Summary Question: Insights on product innovation and strategic priorities for growth - Management highlighted impressive results driven by customer obsession, with significant growth in gross bookings and active riders, and emphasized the importance of focusing on customer needs rather than competitors [11] Question: Guidance on Q1 gross bookings and margin expectations - Management indicated strong growth in gross bookings driven by marketplace performance and partnerships, while maintaining profitability despite previous non-recurring items affecting year-over-year comparisons [22][23] Question: Long-term opportunity for taxis and financial profile - Management noted the strategic addition of taxis to the platform to enhance supply and improve relationships with regulators, particularly in Europe [45] Question: Insights on California's demand and loyalty programs - Management discussed the positive impact of insurance reforms in California and the importance of delivering excellent service to foster loyalty among riders and drivers [62][64]

Washington, D.C. 20549 FORM 10-K (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38846 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Lyft, Inc. (Exact name of registrant as specified in its charter) Delaware 20-8809830 (State or other jurisdiction of incorpora ...

（文章来源：每日经济新闻） 每经AI快讯，2月11日，Lyft公布数据显示，四季度营收15.9亿美元，分析师预期17.6亿美元。四季度活 跃驾驶员2920万，分析师预期2921万。预计一季度总体订阅大约48.6亿~50亿美元，分析师预期49.3亿 美元。 ...