Lyft CEO Risher says consumer is showing ‘no softness' as stock slides 15% after earnings [CNBC]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: CNBC
The ride-sharing company reported rider metrics that fell short of analyst expectations. Q4 earnings beat expectations and revenue was in-line. In this article Lyft CEO David Risher defended the company's fourth-quarter results Wednesday, telling CNBC that consumer demand remains strong. “We have record profits, generated over a billion dollars in cash, and that's a result of our customer-obsessed strategy, which just keeps working and growing the company,” he told CNBC's “ Squawk Box .” “So, love what we're seeing, and really no softness on the consumer side at all.” Shares sank 15% Wednesday as ridership numbers disappointed Wall Street. The ride-sharing company reported 29.2 million active riders for the quarter, falling short of 29.5 million expected by analysts. Rides totaled 243.5 million for the period, missing estimates of 256.6 million. Risher highlighted Lyft teen accounts and the company's acquisition of European taxi app FreeNow as future growth drivers for
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News
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LYFT
Earnings
- 2/10/26 - Beat
LYFT
Sec Filings
- 2/11/26 - Form S-8
- 2/11/26 - Form 10-K
- 2/10/26 - Form 8-K
- LYFT's page on the SEC website