Lyft's stock plummets 16% as a disappointing quarter presents a setback for its comeback story

Lyft is down. The ride-hailing company's stock dipped 16% in after-hours trading on Tuesday after it reported fourth-quarter earnings and a 2026 outlook that fell short of expectations.Lyft's revenue rose 3% to $1.59 billion during the quarter, below the $1.76 billion that analysts expected. Its guidance for the first quarter also missed the mark as it said it expects adjusted earnings before interest, taxes, depreciation, and amortization, a measure of profit, of between $120 million and $140 million. Th ...