Lyft Stock Drops After Q4 Earnings: AV Deployments in 2026, CEO Says

Core Insights - Lyft reported quarterly revenue of $1.6 billion, which fell short of the analyst consensus estimate of $1.76 billion due to legal, tax, and regulatory charges [2] - The company announced an additional $1 billion for its share repurchase program, indicating confidence in its stock value [2] - CEO David Risher highlighted Lyft's transformation into a global hybrid transportation platform and anticipates significant advancements in autonomous vehicles (AV) by 2026 [3] Financial Performance - Lyft's fourth quarter revenue was $1.6 billion, which did not meet analyst expectations [2] - The company expects first-quarter gross bookings to be between $4.86 billion and $5 billion, representing a year-over-year increase of approximately 17% to 20% [4] - Adjusted EBITDA for the first quarter is projected to be between $120 million and $140 million [4] Stock Performance - Following the earnings report, Lyft's stock price dropped by 14.36% to $14.43 in extended trading [4]