Lyft gives mixed earnings report, announces $1 billion buyback
Lyft — which has a $6.7 billion market cap — announced that it would buy back up to $1 billion in shares.
Lyft reported mixed guidance and announced a new $1 billion share repurchase program Tuesday after the bell.
For the last three months of 2025, Lyft reported:
Adjusted EBITDA of $154.1 million, compared to the $147 million analysts polled by FactSet were expecting.
Revenue of $1.6 billion, lower than the $1.7 billion Wall Street was penciling in. The company noted its revenue took a $168 million hit from “from certain legal, tax, and regulatory reserve changes and settlements.”
$5.1 billion in gross bookings, compared to the $5 billion analysts had forecast.
For the first three months of 2026, Lyft expects:
Adjusted EBITDA between $120 million and $140 million, a lower midpoint than the $140 million the Street is currently expecting.
Between $4.86 billion and $5 billion in gross bookings, yielding a midpoint that’s marginally ahead of the $4.9 billion analysts are penciling in.
CEO David Risher said in a statement that 2025 “was an incredible year in Lyft’s comeback story.”
“As we look ahead, we are entering a transformational phase for Lyft — 2026 will be the year of the AV with deployments in the US and overseas,” he said.
Lyft — which has a market cap of about $6.7 billion — announced an additional stock buyback of up to $1 billion. The company previously announced that it authorized $750 million of buybacks in May.
