Lyft Inc. shares fell 9% following the company's underwhelming fourth-quarter results, which included a disappointing outlook for first-quarter gross bookings. CEO David Risher reported that despite the stock decline, Lyft achieved record performance in 2024, serving 44 million riders across the U.S. and Canada, with $1.6 billion in fourth-quarter revenue, a 15% year-over-year increase in gross bookings, and a 10% rise in active riders to 24.7 million. Risher noted that Lyft reached GAAP profitability for the first time, with $16 million in bookings and 828 million rides completed. However, the company warned that cold weather has negatively impacted demand for ride-hailing and bike rentals, contributing to the stock's decline as it missed profit expectations and provided lighter-than-anticipated full-year gross bookings guidance.