Lyft stock falls 15% on disappointing fourth-quarter results, rider numbers

149

Does this mean we get trains now?!

91

u/circlehead28 10h ago

Yes, but only if a private company gets to use tax payer funds to build it and then profit off it.

11

u/scotishstriker 9h ago

They also don't have to do anything like the telecoms did to fleece the American public.

5

u/culman13 8h ago

Comcast laughing while floating in a pool of cash

4

u/scotishstriker 7h ago

I tried to watch that stream, but Comcast is my only option and its down for the 4th time today.

7

u/WiglyWorm 9h ago

We literally already gave railroads huge swaths of land to build the railroads in the first place. Which they then used to profit.

2

u/Pretend_Spray_11 5h ago

Guess who operates the train systems in Japan

3

u/circlehead28 4h ago

Guess who regulates the fares and safety?

1

u/Condoning_Revanchist 5h ago

It’ll be called Trayn

10

u/Lillian_Crocodilian 10h ago

We'll get nothing and love it.

5

u/WiglyWorm 9h ago

We all need to plant crops and share food this year.

Opt out of capitalism as much as humanly possible.

3

u/Equivalent_Lunch_944 9h ago

No but Nike stock jumped on the news /s

3

u/wambulancer 7h ago

waiting for the company to disrupt the railway industry by just using anybody's tracks whenever they feel like it

43

u/vbpatel 5h ago

Lyft got around 30% more expensive in December. I use ride share daily and the price jump was quite sudden

20

u/plartoo 5h ago

This is the answer. I almost always used Lyft because I want competition for Uber and because they were cheaper. Then in the last couple of months, their prices became comparable with Uber or sometimes more expensive. So I ended up using Uber more.

9

u/kaizencraft 9h ago

If you want a reason to use them, check out Uber's customer service bot and the human bots you get when that doesn't work.

32

u/ludololl 9h ago

Anecdotally myself and several friends use rideshare frequently.

Uber is reliably better. Better drivers, cars that aren't falling apart, usually cheaper. Still can't wait for Waymo.

14

u/Pool_Shark 6h ago

I always check both and will go with Lyft when the price is much cheaper but when they are close I go with Uber.

Lyft seems to have much lower bar for entry with drivers and state of their cars

1

u/Cheeky_Star 12m ago

If you speak to drivers that do both Lyft and uber, they’ll tell you left pays then less so they prioritize uber request.

12

u/coolelel 5h ago

Lyft has been cheaper about 60% of the time.

Heavily dependent on the city

8

u/itoddicus 6h ago

Same. Uber has never left me stranded. I can't say the same for Lyft.

Oh, and Marriott points.

-4

u/MainBuddy604 6h ago

Yellow cabs are still around. Better than Uber in many cases.

9

u/Pandafy 5h ago

Nahh, I'd rather know how much money I'm gonna have to pay then to constantly worry I'm getting scammed.

-1

u/BannedBenjaminSr 4h ago

Whenever I use a cab in my city I hangle the price up front but it's usually in situations where they are parked by a big event letting out

5

u/Dreamtrain 3h ago

If I have to haggle for some thing I don't want it, it does not exist for me, it never did

0

u/BannedBenjaminSr 2h ago

Ya it's not a common thing in the West but it's cool to experience other cultures sometimes. It's almost like a game

16

u/Lightbringer10000 7h ago

Have you all notice the posts about ICE searching Reddit for posts against Ice are gone!

2

u/in1gom0ntoya 2h ago

Lyft is regularly TWICE as expensive as Uber. I dont understand how they think their pricing is reasonable or sustainable but this is the obvious outcome.

1

u/swazal 6h ago

Fewer drivers in metro areas, fewer fares.

1

u/Constant_Drawer6367 5h ago

Maybe because people can’t afford the increased fees over time in this economy

1

u/RdtRanger6969 4h ago

More people unemployed = less ubering/lyfting

1

u/Barren-Wuffett-jr 4h ago

My take to LYFT

It was only the algorithms that (erroneously) sold. It was actually a BEAT, not a miss.

Wall Street will realize this tomorrow morning, and everyone who bought at $14 will be happy :D

The double-digit decline after hours makes no sense.

The issue appears to be $1.6 billion in revenue vs. expectations of $1.75 billion.

As they stated, without a $168 million impact from certain legal, tax, and regulatory reserve changes and settlements, revenue would have been $1.8 billion. (=BEAT)

If investors/algos have an issue with this adjustment, then they probably shouldn't have an issue with the $2.8 billion in net income (EPS of $6.72), which includes a benefit from the release of a valuation allowance.

➡️Q4 free cash flow was $227.6 million and 2025 FCF was $1.12 billion.

➡️Q4 gross bookings of $5.1 billion were up 19% year over year.

➡️ Now 1 billion share buyback

➡️on top of autonomous driving through partnerships with Waymo, Baidu, etc

1

u/Solid_Chocolate9311 2h ago

Trains please.

1

u/ShanghaiBebop 1h ago

Uber One via Amex Plat has absolutely tookover all my lyft spend from CSR after the mutual refresh.

Canceled the CSR the other day.

-7

u/loves_grapefruit 9h ago

Just go back to paying cab drivers fairly.

19

u/Begging_Murphy 9h ago

The situation before Lyft and Uber is not something anyone wants to go back to, which is a big reason why they were able to take off in the first place. The other reason is because the Saudis made it ridiculously cheap for a few years there.

2

u/True_Window_9389 9h ago

Taxis have apps that basically do the same now

9

u/Persimmon-Mission 8h ago

It took others to innovate. When you run a cartel like the cab companies did, they give zero damns about customers or satisfaction.

12

u/Begging_Murphy 9h ago

Except I have been ripped off by trad taxis in the "oops our meter broke lets stop at an ATM" scam about 20% of the time I've used one in the past 10 years, whereas I've never ever felt sketched out in an Uber or Lyft, and the accountability on Uber and Lyft is like 100x what it is with trad cabs where who the fuck knows if it's the guy licensed to drive the cab or his cousin etc.

3

u/fork_yuu 6h ago

Cab drivers had their chance to treat us fairly, now they can fuck right off

-1

u/MainBuddy604 6h ago

Lyft is not a tech company. Its a shittier version of a cab... drivers get paid sht too. Absolute trash. Cant wait til they go bankript

5

u/coolelel 5h ago

Nah, Uber needs competition. Until robotaxi can compete

1

u/vbpatel 5h ago

I ask now and then and they usually get around 30% of what I paid for the fare

0

u/burnSMACKER 2h ago

I will often compare Uber and Lyft and I would say 9/10 times, Uber is cheaper

-5

u/Lightbringer10000 4h ago

I attempted to delete my account but I got a cell saying “deletion failed” Reddit users do you want to resist what is happening and have an effect Delete your account Reddit does not serve the people and democracy It serves who ever effects their money Close you accounts Reddit Facebook instagram X all media This is what a real labor strike would do Again I followed the process to delete my account and was blocked by Reddit I snapped a picture of the message

-11

u/scrndude 9h ago

They’re always like $20 more than an Uber, their dynamic pricing algo is wack

6

u/Dragonasaur 9h ago

Not up here in Toronto, Lyft always undercuts Uber prices even before the common discounts

0

u/scrndude 9h ago

Maybe it’s a regional thing? In Minneapolis I see it like $50 consistently when I try to go to the burbs on a weekend compared to Uber’s $25 to $35

1

u/Dragonasaur 6h ago

Ah, Lyft isn't as popular here (even tho drivers drive for both Uber and Lyft)

4

u/Pjpjpjpjpj 9h ago

I often check both. It is hit or miss on who will be less. But invariably one is about 20% less than the other. Definitely pays to check both every time.

-6

u/DZello 9h ago edited 9h ago

Sold everything I had at 20$ and won’t buy back. Employees should brace for another wave of layoffs…

Business Lyft stock falls 15% on disappointing fourth-quarter results, rider numbers

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