Lyft slides after cold weather hurts in the first quarter

Lyft Inc. Fell into late trade after giving a disappointing prospect of gross cookings in the first quarter and warned that cold weather has damaged the demand for riding greetings and bicycle rental.

Gross Bookings – a closely monitored benchmark – will be $ 4.05 billion to $ 4.2 billion in the first three months of 2025, Lyft said in a statement Tuesday. Wall Street expected $ 4.23 billion according to Bloomberg-compiled estimates. Adjusted earnings before interest, taxes, depreciation and amortization will be $ 90 million to $ 95 million if the center also came into projections.