Lyft Q4 revenue rises 3% to $1.6 billion; board adds $1 billion buyback
Lyft reported fourth-quarter 2025 revenue of $1.6 billion, up 3% year over year, after a $168 million impact from legal, tax and regulatory reserve changes and settlements; without that item, revenue would have been $1.8 billion. Net income of $2.8 billion was driven largely by a $2.9 billion benefit from releasing a deferred tax valuation allowance, and the board authorized up to an additional $1 billion in share repurchases. For shareholders, operating metrics grew while the reported results were shaped by one-time items, and Lyft's Q1 2026 guidance calls for gross bookings of $4.86 billion to $5.00 billion and adjusted EBITDA of $120 million to $140 million.
Key points
- Q4 2025 gross bookings of $5.1 billion, up 19% year over year; adjusted EBITDA of $154.1 million, up 37%
- Q4 revenue of $1.6 billion included a $168 million reserve and settlement impact; full-year 2025 revenue was $6.3 billion, up 9%
- New share repurchase program authorizes up to $1 billion of Class A common stock, in addition to the 2025 program
- Q1 2026 outlook: gross bookings of approximately $4.86 billion to $5.00 billion; adjusted EBITDA of approximately $120 million to $140 million
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.