Lyft (LYFT) Q4 Revenue and User Data Miss: After-Hours Drop Over 15%

Lyft (LYFT) posted Q4 results on February 10, 2026, with core revenue and passenger metrics below analyst expectations, sending the shares into a sharp after-hours decline. The stock closed at 1.44% for the day and fell 15.43% to $14.25 per share. Key figures: Revenue rose 3% to $15.9B, missing $17.6B consensus; total bookings climbed 19% to $50.7B and met expectations. Net income was $27.6B, or $6.72 per share. Guidance for adjusted EBITDA was $1.2B–$1.4B, below the $1.398B average. Weakness in passenger activity: Active riders hit 292 million, below StreetAccount’s 295 million; total trips totaled 2.435B, under FactSet’s 2.566B. The company attributed softer demand to California insurance cost reductions, expected to lift demand in the latter half of the year. To bolster confidence, the board approved an additional $10B share repurchase authorization.