Lyft shares fall as winter storms impact first quarter outlook despite $1 billion buyback
Lyft shares fell today as winter storms hit its first-quarter outlook. This overshadowed record fourth-quarter profits and a new $1 billion share buyback plan.
Insights:
Lyft, Inc. announced on Tuesday, February 10, 2026, that it expects its first-quarter gross bookings and adjusted core profit to come in below expectations, a revision the company attributed to disruptions caused by Winter Storm Fern. Simultaneously, the company announced the Lyft $1 billion share repurchase program. These announcements coincided with a 13% decline in the company's share price during after-hours trading.
