A big chunk of the S&P 500 has already reported 2025 Q4 results, though the reporting docket remains stacked for weeks to come. We’ve already heard from six of the Magnificent Seven members, with NVIDIA NVDA the only one yet to report from the beloved group. A peer to NVIDIA, namely Advanced Micro Devices AMD, has already delivered its results, with the stock facing pressure post-earnings. AMD sha...
A big chunk of the S&P 500 has already reported 2025 Q4 results, though the reporting docket remains stacked for weeks to come. We’ve already heard from six of the Magnificent Seven members, with NVIDIA NVDA the only one yet to report from the beloved group. A peer to NVIDIA, namely Advanced Micro Devices AMD, has already delivered its results, with the stock facing pressure post-earnings. AMD shares have lagged relative to NVDA over the past three months by a fairly wide margin, as shown in the chart below. Were AMD’s results bad, or was it more a reflection of profit-taking after a big run over the past year? And what can investors expect from NVIDIA earnings? Let’s take a closer look at the results from AMD and expectations for NVDA. AMD Earnings AMD’s results were positive across the board, breaking records across many key metrics. Q4 revenue grew by 34% year-over-year to a record $10.3 billion, and importantly, Data Center revenue of $5.4 billion also reached a new all-time high. Both metrics clearly paint a strong demand picture for the company, underpinned by the broader AI frenzy that won’t be slowing anytime soon. Below is a chart illustrating AMD’s Data Center sales on a quarterly basis. The overall revenue acceleration over recent periods can be seen below. Please note that the chart below does not show actual sales figures but rather the YoY growth rates. Sales acceleration is a key factor in share outperformance, particularly so for stocks involved in the AI trade. The sales acceleration paired with favorable sales revisions for its upcoming period (2026 Q1) reflects a notably bullish pairing, with the $9.7 billion expected in the next release suggesting a 32% YoY growth rate. As shown below, the sales estimate has been revised 6% higher since roughly mid-November of 2025, with the biggest revisions happening more recently. The company’s EPS outlook for the upcoming release (2026 Q1) is also bullish, with the current $1.27 Zacks Consensus EPS estimate u...
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March NY world sugar #11 (SBH26) on Tuesday closed down -0.23 (-1.60%), and March London ICE white sugar #5 (SWH26) closed down -7.30 (-1.80%). Sugar prices retreated on Tuesday, with London sugar falling to a 5-year nearest-futures low. Sugar prices have been in a gradual decline over the past three months, with NY sugar falling to a 3-month low last Friday and London sugar slumping to a 5-year n...
March NY world sugar #11 (SBH26) on Tuesday closed down -0.23 (-1.60%), and March London ICE white sugar #5 (SWH26) closed down -7.30 (-1.80%). Sugar prices retreated on Tuesday, with London sugar falling to a 5-year nearest-futures low. Sugar prices have been in a gradual decline over the past three months, with NY sugar falling to a 3-month low last Friday and London sugar slumping to a 5-year nearest-futures low Tuesday, amid continued concerns about global sugar surpluses. Last Friday, Unica reported that Brazil's cumulative 2025-26 Center-South sugar output through mid-January rose by +0.9% y/y to 40.236 MMT. Also, the ratio of cane crushed for sugar rose to 50.78% in 2025/36 from 48.15% in 2024/25. Don’t Miss a Day: The outlook for persistent global sugar surpluses is weighing on prices. Last Wednesday, analysts from sugar trader Czarnikow said they expect a global sugar surplus of 3.4 MMT in the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26. On January 29, Green Pool Commodity Specialists said that they expect a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surplus for 2026/27. Also, StoneX said last Friday it expects a global sugar surplus of 2.9 MMT in 2025/26. The India Sugar Mill Association (ISMA) reported January 19 that India's 2025-26 sugar output from Oct 1-Jan 15 is up +22% y/y to 15.9 MMT. The ISMA on November 11 raised its 2025/26 India sugar production estimate to 31 MMT from an earlier forecast of 30 MMT, up +18.8% y/y. The ISMA also cut its estimate for sugar used for ethanol production in India to 3.4 MMT from a July forecast of 5 MMT, which may allow India to boost its sugar exports. India is the world's second-largest sugar producer. Sugar prices have been weighed down amid prospects of higher sugar exports from India, after India's food secretary said the government may permit additional sugar exports to reduce a domestic supply glut. In November, India's food ministry said it would allow mills to export 1.5 MMT of...
jabkitticha/iStock via Getty Images The Federal Reserve Bank of Atlanta lowered its GDPNow estimate for Q4 2025 growth to +3.7% from +4.2% early last week, it said on Tuesday. The downward revision reflects weaker Q4 nowcasts for real personal consumption expenditures growth—decreasing to +2.4% from +3.1%—and real gross domestic investment growth—dipping to +6.7% from +7.1%—following the latest ru...
jabkitticha/iStock via Getty Images The Federal Reserve Bank of Atlanta lowered its GDPNow estimate for Q4 2025 growth to +3.7% from +4.2% early last week, it said on Tuesday. The downward revision reflects weaker Q4 nowcasts for real personal consumption expenditures growth—decreasing to +2.4% from +3.1%—and real gross domestic investment growth—dipping to +6.7% from +7.1%—following the latest run of economic data. Sluggish retail sales data out earlier prompted traders to lift their expectations for interest-rate cuts by the Federal Reserve. Treasury bonds also fell as a New York Fed report showed that consumer delinquencies reached their highest level in nearly a decade. The next GDPNow update is Feb. 18. More on the U.S. Economy Strong Dollar? Greenback Consolidates After Yesterday's Shellacking Rout In The U.S. Dollar: A Warning For Non-Farm Payrolls? New York Fed: Consumer delinquencies hit highest level in nearly a decade Treasury yields slide after retail sales disappoint, boosting Fed-cut bets
Exelixis press release ( EXEL ): Q4 Non-GAAP EPS of $0.97 beats by $0.16 . Revenue of $598.66M (+5.6% Y/Y) misses by $2.44M . Exelixis is maintaining the previously provided financial guidance for fiscal year 2026. Total revenues $2.525 billion - $2.625 billion vs consensus of $2.60B Net product revenues $2.325 billion - $2.425 billion (1) Cost of goods sold, % of net product revenues 3.5% - 4.5% ...
Exelixis press release ( EXEL ): Q4 Non-GAAP EPS of $0.97 beats by $0.16 . Revenue of $598.66M (+5.6% Y/Y) misses by $2.44M . Exelixis is maintaining the previously provided financial guidance for fiscal year 2026. Total revenues $2.525 billion - $2.625 billion vs consensus of $2.60B Net product revenues $2.325 billion - $2.425 billion (1) Cost of goods sold, % of net product revenues 3.5% - 4.5% Research and development expenses $875 million - $925 million (2) Selling, general and administrative expenses $575 million - $625 million (3) Effective tax rate 21% - 23% Click to enlarge Shares -0.54% AH. More on Exelixis Exelixis: Stock Likely To Go Higher On A Possible Key FDA Approval Exelixis: High-Growth Oncology Name Trading At A Discount Exelixis, Inc. (EXEL) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Exelixis Q4 2025 Earnings Preview Natera to work with Exelixis on latter's zanzalintinib phase 3 trial
US retail sales unexpectedly stalled in December, suggesting consumers provided less firepower for the economy as the year drew to a close. The disappointing figures indicate the burst of activity at the start of the holiday-shopping season proved to be short-lived. Households remain frustrated over a high cost of living and worried about the job market. Elizabeth Renter, Senior Economist at NerdW...
US retail sales unexpectedly stalled in December, suggesting consumers provided less firepower for the economy as the year drew to a close. The disappointing figures indicate the burst of activity at the start of the holiday-shopping season proved to be short-lived. Households remain frustrated over a high cost of living and worried about the job market. Elizabeth Renter, Senior Economist at NerdWallet, joined Bloomberg Businessweek Daily on Tuesday’s retail sales print from December and Wednesday’s nonfarm payrolls report for January. (Source: Bloomberg)
DENVER, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Angi Inc. (NASDAQ: ANGI) posted its fourth-quarter financial results and a letter to shareholders from CEO Jeffrey Kip on the investor relations section of its website at ir.angi.com/quarterly-earnings. As announced previously, Angi Inc. will host a conference call to discuss the company’s fourth-quarter results and answer questions. The call will be held ...
DENVER, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Angi Inc. (NASDAQ: ANGI) posted its fourth-quarter financial results and a letter to shareholders from CEO Jeffrey Kip on the investor relations section of its website at ir.angi.com/quarterly-earnings. As announced previously, Angi Inc. will host a conference call to discuss the company’s fourth-quarter results and answer questions. The call will be held on Wednesday, February 11, 2026, at 8:30 a.m. ET. Jeffrey Kip, CEO, and Andrew Russakoff, CFO, will participate. The live audiocast and replay will be open to the public through the investor relations section of the Angi site at ir.angi.com/quarterly-earnings. About Angi Inc. Angi (NASDAQ: ANGI) helps homeowners get home projects done well and helps home service professionals grow their businesses. We started in 1995 with a simple goal to help people find skilled local home pros from plumbers and electricians to remodelers and landscapers to get their jobs done well. Now 30 years later, we've evolved to help people with everything from finding, booking and hiring a skilled pro, to researching costs and finding project inspiration. Homeowners have turned to Angi, and our vast network of skilled home pros, for help with more than 300 million projects. Contacts: Angi Investor Relations Eric Rattner (720) 282-1958 Angi Corporate Communications Jennifer Myers (303) 963-8352
Exceeded high end of guidance for revenue and non-GAAP operating margin Delivered 2025 revenue growth of 16% year-over-year EX business crossed half a billion dollars in annual recurring revenue SAN MATEO, Calif., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Freshworks Inc. (Nasdaq: FRSH), the leading provider of uncomplicated software that delivers exceptional employee and customer experiences, today announ...
Exceeded high end of guidance for revenue and non-GAAP operating margin Delivered 2025 revenue growth of 16% year-over-year EX business crossed half a billion dollars in annual recurring revenue SAN MATEO, Calif., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Freshworks Inc. (Nasdaq: FRSH), the leading provider of uncomplicated software that delivers exceptional employee and customer experiences, today announced financial results for its fourth quarter and year ended December 31, 2025. “Freshworks had an outstanding Q4 and fiscal 2025, outperforming our estimates across growth and profitability metrics for the fifth consecutive quarter,” said Dennis Woodside, Chief Executive Officer & President of Freshworks. “We ended the year with strong momentum, fueled by products that tackle complex service problems in an uncomplicated way. Our AI-powered software continues to be an important growth driver and path for customer expansion and it shows in the product adoption results.” Fourth Quarter 2025 Financial Summary Results Revenue: Total revenue was $222.7 million, representing growth of 14% compared to total revenue of $194.6 million in the fourth quarter of 2024, and 13% adjusting for constant currency. GAAP Income (Loss) from Operations: GAAP income (loss) from operations was $39.7 million, representing an operating margin of 17.8%, compared to $(23.8) million, representing an operating margin of (12.2)%, in the fourth quarter of 2024. Non-GAAP Income from Operations: Non-GAAP income from operations was $41.6 million, representing a non-GAAP operating margin of 18.7%, compared to $40.3 million, representing a non-GAAP operating margin of 20.7%, in the fourth quarter of 2024. GAAP Net Income (Loss) Per Share: GAAP diluted net income (loss) per share was $0.67 based on 283.9 million weighted-average shares outstanding, compared to $(0.07) based on 303.6 million weighted-average shares outstanding in the fourth quarter of 2024. Non-GAAP Net Income Per Share: Non-GAAP diluted net inco...
W. P. Carey press release ( WPC ): Q4 FFO of $1.27 beats by $0.03 . Revenue of $444.55M (+10.1% Y/Y) beats by $11.27M . AFFO GUIDANCE For the 2026 full year, the Company expects to report AFFO of between $5.13 and $5.23 per diluted share, based on the following key assumptions: (i) investment volume of between $1.25 billion and $1.75 billion; (ii) disposition volume of between $250 million and $75...
W. P. Carey press release ( WPC ): Q4 FFO of $1.27 beats by $0.03 . Revenue of $444.55M (+10.1% Y/Y) beats by $11.27M . AFFO GUIDANCE For the 2026 full year, the Company expects to report AFFO of between $5.13 and $5.23 per diluted share, based on the following key assumptions: (i) investment volume of between $1.25 billion and $1.75 billion; (ii) disposition volume of between $250 million and $750 million; (iii) total general and administrative expenses of between $103 million and $106 million; (iv) property expenses, excluding reimbursable tenant costs, of between $56 million and $60 million; and (v) tax expense (on an AFFO basis) of between $45 million and $49 million. FY FFO consensus is $5.07 More on W. P. Carey W. P. Carey Vs. Gladstone Commercial: Which Is The Best REIT? W. P. Carey: Exposure To Europe Is A Key Competitive Advantage W. P. Carey: Sleep Well At Night With This 6% Yield W. P. Carey Q4 earnings preview: What to expect W. P. Carey achieves record full-year investment volume of $2.1B
Robinhood Markets press release ( HOOD ): Q4 GAAP EPS of $0.66 beats by $0.02 . Revenue of $1.28B (+26.7% Y/Y) misses by $60M . Transaction-based revenues increased 15% year-over-year to $776 million, primarily driven by other transaction revenue of $147 million, up over 300%, options revenue of $314 million, up 41%, and equities revenue of $94 million, up 54%, partially offset by cryptocurrencies...
Robinhood Markets press release ( HOOD ): Q4 GAAP EPS of $0.66 beats by $0.02 . Revenue of $1.28B (+26.7% Y/Y) misses by $60M . Transaction-based revenues increased 15% year-over-year to $776 million, primarily driven by other transaction revenue of $147 million, up over 300%, options revenue of $314 million, up 41%, and equities revenue of $94 million, up 54%, partially offset by cryptocurrencies revenue of $221 million, down 38%. Net interest revenues increased 39% year-over-year to $411 million, primarily driven by growth in interest-earning assets and securities lending activity, partially offset by lower short-term interest rates. Other revenues increased 109% year-over-year to $96 million, primarily driven by Robinhood Gold subscription revenue of $50 million, up 56%. Robinhood Retirement AUC increased 102% year-over-year to a record $26.5 billion. Cash Sweep increased 26% year-over-year to $32.8 billion. Margin Book increased 113% year-over-year to a record $16.8 billion. Equity Notional Trading Volumes increased 68% year-over-year to a record $710 billion. Options Contracts Traded increased 38% year-over-year to a record 659 million. Crypto Notional Trading Volumes were $82 billion, including Bitstamp Notional Volumes which were $48 billion, and Robinhood App Notional Volumes which decreased 52% year-over-year to $34 billion. Event Contracts Traded were a record 8.5 billion. Outlook for 2026 Adjusted Operating Expenses and SBC is $2.6 billion to $2.725 billion, which represents 18% year-over-year growth at the midpoint relative to 2025 Adjusted Operating Expenses and SBC. Shares -5% . More on Robinhood Markets Hands Off Robinhood - Until Crypto Winter Ends (Preview) Robinhood: A Buy Ahead Q4 Earnings (Rating Upgrade) Robinhood Q4 2025 Preview: Strong Momentum Ushering In A Key Quarterly Report Robinhood Markets Q4 preview: What to expect Crypto-linked stocks rebound as bitcoin, ether rout ease
Astera Labs press release ( ALAB ): Q4 Non-GAAP EPS of $0.58 beats by $0.07 . Revenue of $270.6M (+91.8% Y/Y) beats by $21.05M . Full Year Fiscal 2025 Financial HighlightsGAAP Financial Results: Revenue of $852.5 million, up 115% year-over-year GAAP gross margin of 75.7% GAAP operating income of $173.4 million GAAP operating margin of 20.3% GAAP net income of $219.1 million GAAP diluted net earnin...
Astera Labs press release ( ALAB ): Q4 Non-GAAP EPS of $0.58 beats by $0.07 . Revenue of $270.6M (+91.8% Y/Y) beats by $21.05M . Full Year Fiscal 2025 Financial HighlightsGAAP Financial Results: Revenue of $852.5 million, up 115% year-over-year GAAP gross margin of 75.7% GAAP operating income of $173.4 million GAAP operating margin of 20.3% GAAP net income of $219.1 million GAAP diluted net earnings per share of $1.22 Non-GAAP Financial Results (excluding the impact of stock-based compensation expense, acquisition-related costs, and the income tax effects of non-GAAP adjustments): Non-GAAP gross margin of 75.8% Non-GAAP operating income of $334.4 million Non-GAAP operating margin of 39.2% Non-GAAP net income of $331.0 million Non-GAAP pro forma diluted earnings per share of $1.84 More on Astera Labs Why Astera Labs Wins AI's Bottleneck Astera Labs: Seeking Better Entry Points Astera Labs, Inc. (ALAB) Presents at 28th Annual Needham Growth Conference Transcript Astera Labs Q4 2025 Earnings Preview Astera Labs rises as it expands portfolio roadmap
Gladstone Investment Corp ( GAIN ) priced a public offering of $100M aggregate principal amount of 7.125% Notes due 2031 on February 10, 2026. The Notes will mature on May 1, 2031 and are redeemable at the company’s option on or after May 1, 2028. Interest will accrue at 7.125% annually, payable quarterly beginning May 1, 2026. The company granted underwriters a 30-day option to purchase up to an ...
Gladstone Investment Corp ( GAIN ) priced a public offering of $100M aggregate principal amount of 7.125% Notes due 2031 on February 10, 2026. The Notes will mature on May 1, 2031 and are redeemable at the company’s option on or after May 1, 2028. Interest will accrue at 7.125% annually, payable quarterly beginning May 1, 2026. The company granted underwriters a 30-day option to purchase up to an additional $15M of Notes for overallotments. Gladstone expects to list the Notes on Nasdaq under the symbol “GAING” within 30 days of issuance. The offering is expected to close on or about February 18, 2026. Net proceeds will be used to repay a portion of the revolving credit facility, fund new investments, and for general corporate purposes. More on Gladstone Investment Gladstone Investment (GAIN) Q3 2026 Earnings Call Transcript Gladstone Investment: Hunting High Yields From The Baby Bonds Gladstone Investment: Q2 Earnings Confirms Positive Outlook (Rating Upgrade) Gladstone Investment announces notes offering Gladstone Investment signals ongoing strong portfolio growth and maintains $0.08 monthly distribution while navigating spread compression
Agree Realty press release ( ADC ): Q4 FFO of $1.10 in-line. Revenue of $190.49M (+18.6% Y/Y) beats by $1.11M . Provides Initial 2026 AFFO Per Share Guidance of $4.54 to $4.58 vs consensus of $4.52. Increases 2026 Investment Guidance to $1.4 Billion to $1.6 Billion. More on Agree Realty Agree Realty: Planting Seeds Today To Live In The Shade Tomorrow Agree Realty: 4.3% Yield With Rent Recapture Ca...
Agree Realty press release ( ADC ): Q4 FFO of $1.10 in-line. Revenue of $190.49M (+18.6% Y/Y) beats by $1.11M . Provides Initial 2026 AFFO Per Share Guidance of $4.54 to $4.58 vs consensus of $4.52. Increases 2026 Investment Guidance to $1.4 Billion to $1.6 Billion. More on Agree Realty Agree Realty: Planting Seeds Today To Live In The Shade Tomorrow Agree Realty: 4.3% Yield With Rent Recapture Catalyst Agree Realty Vs. Essential Properties Realty Trust: What Is The Best REIT For 2026? Insider trades: Salesforce, Micron among notable names this week Agree Realty investment volume slides Q/Q; issues 2026 guidance
Camtek ( CAMT ) Tuesday said that it has received an order worth about $25 million for its Hawk inspection and metrology systems from a tier-1 integrated device manufacturer (IDM) for artificial intelligence applications. The company said the order follows a series of smaller repeat orders from the same customer in recent months, bringing the total value of Hawk system orders received from this ID...
Camtek ( CAMT ) Tuesday said that it has received an order worth about $25 million for its Hawk inspection and metrology systems from a tier-1 integrated device manufacturer (IDM) for artificial intelligence applications. The company said the order follows a series of smaller repeat orders from the same customer in recent months, bringing the total value of Hawk system orders received from this IDM to $45 million. The systems are scheduled to be delivered in 2026. Camtek’s Hawk platform is used in advanced semiconductor packaging applications, including high-bandwidth memory, chiplets and hybrid bonding, the company said. CAMT +0.02% after hours to $154.185. Source: Press Release More on Camtek Camtek: Fundamentals Are Solid With Exposure To AI Investment Supercycle Camtek: Much Depends On Where In The Cycle We Are Seeking Alpha’s Quant Rating on Camtek Historical earnings data for Camtek Financial information for Camtek
Masha Bucher, a Silicon Valley VC and founder of Day One Ventures, took to X this week to address news reports documenting her close business and personal relationship with convicted sex offender Jeffrey Epstein. Bucher’s name — primarily under her maiden name, Masha Drokova — appeared in the latest dump of Epstein files over 1,600 times, The San Francisco Standard reported. “He made me feel I cou...
Masha Bucher, a Silicon Valley VC and founder of Day One Ventures, took to X this week to address news reports documenting her close business and personal relationship with convicted sex offender Jeffrey Epstein. Bucher’s name — primarily under her maiden name, Masha Drokova — appeared in the latest dump of Epstein files over 1,600 times, The San Francisco Standard reported. “He made me feel I could be safe from the regime, someone with power and connections who could shield me” from threats she associated with her home country Russia, which she said she feared after she obtained her U.S. green card, she wrote in the post. “I was naive; I didn’t dig deep enough early on,” she wrote about why she agreed to work with Epstein. “I believed his story that his earlier conviction was about sleeping with a girl who lied about her age and trusted validations from multiple investors and scientists.” She also apologized to her founders, team and investors, saying that this situation has “caused pain I never intended.” The files paint a picture of how Bucher — whose Silicon Valley career began in social media and public relations — agreed to become Epstein’s publicist in 2017, helping rehabilitate his reputation after his 2008 sex trafficking conviction and setting up meetings between him and various journalists, as Forbes reported. The documents show that Epstein supported and encouraged her in the early days of Day One Ventures. The firm has since grown substantially — as Bucher told TechCrunch, it closed its most recent fund, a $150 million third vehicle, in 2024, bringing its assets under management to $450 million Some of the most salacious details from the emails involve Epstein giving her money and a Prada bag, and on one occasion, asking her for nude photos — though there’s no indication whether she complied — according to SFGate. Bucher is certainly a well-known VC in the Valley, having backed breakout companies like Superhuman, Remote, Worldcoin, and Truebill (which e...
jetcityimage Lyft ( LYFT ) achieved its most profitable quarter on record, fueled by another quarter of double-digit growth in gross bookings, active riders, and adjusted EBITDA, helping the ride-sharing company narrow the gap with rivals. “We delivered record financial performance in 2025 across all metrics, including all-time-high cash flow generation exceeding $1.1 billion,” said CFO Erin Brewe...
jetcityimage Lyft ( LYFT ) achieved its most profitable quarter on record, fueled by another quarter of double-digit growth in gross bookings, active riders, and adjusted EBITDA, helping the ride-sharing company narrow the gap with rivals. “We delivered record financial performance in 2025 across all metrics, including all-time-high cash flow generation exceeding $1.1 billion,” said CFO Erin Brewer. “This continued strength, coupled with our disciplined operational excellence, positions us for further momentum, and we remain right on track to hit our long-term targets.” For the quarter ended December 31, Lyft’s ( LYFT ) gross bookings increased 19% from the same period last year to $5.1B, while active riders increased by 18%, contributing to a 3% gain in revenue to $1.6B. Excluding certain items, revenue increased to $1.8B versus Wall Street estimates of $1.75B. The increase in sales bolstered the company’s profitability as Lyft’s ( LYFT ) adjusted EBITDA gained 37% from a year ago to $154.1M and represented 3% of gross bookings versus 2.6% of gross bookings in Q4 of 2024. On a per share basis, LYFT ( LYFT ) earned an unadjusted profit of $6.72, which reflects a $2.9B benefit from the release of a valuation allowance of U.S. federal and certain state deferred tax assets. Additionally, Lyft ( LYFT ) achieved $1.12B in free cash flow and authorized a new $1B share repurchase program, representing 15% of the company’s market capitalization, “reflecting confidence in the business and its long-term growth potential while allowing for investment in durable growth.” The company’s global expansion through its FreeNow integration, autonomous ambitions, successful partnership with United Airlines ( UAL ), and programs like Lyft Silver and Lyft Teen encouraged the company to set ambitious targets for 2026 and upbeat guidance for Q1, including 17% to 20% growth in gross bookings to a range of $4.86B and $5.0B, adjusted EBITDA of $120M to $140M, and an adjusted EBITDA margin of ...
Lyft Inc. posted a surprise $185 million operating loss in the fourth quarter and issued a disappointing earnings forecast for the start of the year, a sign that its global expansion and new product offerings may weigh on profits in the short term. Fourth-quarter revenue gained 3% to $1.59 billion, but Lyft said it suffered a $168 million impact from “certain legal, tax and regulatory reserve chan...
Lyft Inc. posted a surprise $185 million operating loss in the fourth quarter and issued a disappointing earnings forecast for the start of the year, a sign that its global expansion and new product offerings may weigh on profits in the short term. Fourth-quarter revenue gained 3% to $1.59 billion, but Lyft said it suffered a $168 million impact from “certain legal, tax and regulatory reserve changes and settlements,” according to a statement Tuesday. That in turned contributed to the operating loss after deducting other costs of business. A tax-related benefit, however, allowed the company to report a positive net income that far exceeded analyst expectations. A Lyft spokesperson declined to comment further on the charge in response to a Bloomberg News inquiry. Looking ahead, Lyft expects adjusted earnings before interest, taxes, depreciation and amortization in the March quarter to be $120 million to $140 million. That falls short of the average analyst estimate of $140.5 million, according to data compiled by Bloomberg. Gross bookings for the current period will be $4.86 billion to $5 billion, in line with the average analyst estimate. The board also authorized an additional share repurchase of as much as $1 billion, the company said in the statement. Shares of Lyft fell 12% in extended trading after closing at $16.85 in New York. The stock was already down 13% so far this year through Tuesday’s close. Lyft’s results might disappoint some investors who have been looking for clues on whether reduced insurance costs in California will translate to lowered rideshare pricing and the increased demand that Lyft executives have previously teased. The company said Tuesday that while demand might tick up over time, “broad-based consumer adoption will take time to materialize and we now anticipate this being back-half weighed.” The muted guidance overshadowed rosy bookings in the holiday period, signaling healthy customer demand. Much-larger rival Uber Technologies Inc. po...