Lyft Settles With State Of California For $272.5M, Subject To Court Approval; Recorded $210M Accrual In Q4 2025; Confirms There Have Been No Changes To Q3 2026 Gross Bookings, Adjusted EBITDA, And Adjusted EBITDA Margin
On September 30, 2026, Lyft, Inc. (the "Company") reached an agreement (the "Settlement Agreement"), subject to approval by the Superior Court of California, County of San Francisco, with the State of
Lyft agreed to pay California $272.5 million to settle a dispute. The company already set aside money for this, so it should not hurt future earnings.
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