Lyft, Inc. (LYFT) Goldman Sachs Communacopia + Technology Conference 2026 September 10, 2026 4:45 PM EDT
Company Participants
John Risher – CEO & Director
Conference Call Participants
Eric Sheridan – Goldman Sachs Group, Inc., Research Division
Presentation
Eric Sheridan
Goldman Sachs Group, Inc., Research Division
All right. Well, it’s my pleasure to start our next fireside chat with the team from Lyft. David, thanks so much for being part of the conference this year.
John Risher
CEO & Director
Of course.
Question-and-Answer Session
Eric Sheridan
Goldman Sachs Group, Inc., Research Division
Okay. To start us off, I think what we want to do is the mobility offering continues to evolve. You’ve been on a big journey. And what you offer consumers today is very different than what you were offering 2 or 3 years ago as the product and the platform continue to change. Talk a little bit about that. Before we get into all the current state and the future state of the company, talk a little bit about some of the imprint of change you put on the company through platform and product changes.
John Risher
CEO & Director
Yes, for sure. So it’s true. So I guess I’ve been in the chair just about 3.5 years now. Best thing in the world, most fun I’ve ever had in any job. And let’s look back for a couple of years just to sort of maybe set the context. So 3 years ago, when I started, gosh, I think we’re doing about 700 million rides a year. We were not GAAP profitable at the time. I think we were generating a couple of hundred million dollars in EBITDA, and we were consuming cash. I think we were burning about $300 million of cash, $250 million 3 years ago in 2023. So now where are we? Okay. So now this year, we’re going to do over 1 billion rides, which is
You must be logged in to post a comment Login