Lyft’s first full-year profit outweighed

Lower earnings: A Lyft rental centre in San Francisco. The company expects first-quarter revenue of between US$800mil (RM3.35bil) and US$850mil (RM3.56bil). — Bloomberg

SAN FRANCISCO: Lyft Inc’s first full-year adjusted profit and a spike in pricey airport trips were overshadowed by a drop in ridership due to Omicron, which management yesterday warned would persist into the first quarter and drag down profit.

The projected hit to first-quarter revenue and profit sparked a 6% drop in Lyft shares in after-hours trading.