Lyft Q4 Gross Bookings Up 19%, Net Income Soars to $2.8B; AV Plans for 2026
Lyft posted Q4 gross bookings of $5.1 billion (up 19% YoY) and revenue of $1.6 billion after a $168 million reserve charge. Net income hit $2.8 billion versus $61.7 million last year, EBITDA rose 37% to $154 million, and Lyft signaled 2026 autonomous vehicle deployments.
1. Q4 Results
Lyft reported fourth-quarter gross bookings of $5.1 billion, a 19% increase year-over-year, and revenue of $1.6 billion, up 3% YoY. Net income rose to $2.8 billion from $61.7 million in the prior year, and adjusted EBITDA climbed 37% to $154.1 million.
2. Reserve Charge and Buyback
Revenue included a $168 million charge for legal and regulatory reserves. The company also expanded its share repurchase program by an additional $1 billion to support its stock.
3. Outlook
Lyft expects first-quarter gross bookings of $4.86 billion to $5 billion, representing 17%–20% growth year-over-year, and adjusted EBITDA of $120 million to $140 million.
4. 2026 Autonomous Vehicle Plans
CEO David Risher stated that 2026 will be the “year of the AV,” with planned autonomous vehicle deployments across the U.S. and international markets.