Lyft, Inc. (LYFT) Barclays 22nd Annual Global Technology Conference (Transcript)

Lyft, Inc. (NASDAQ:LYFT) Barclays twenty second Annual International Expertise Convention December 11, 2024 2:35 PM ET

Firm Contributors

Erin Brewer – Chief Monetary Officer

Convention Name Contributors

Ross Sandler – Barclays

Ross Sandler

We’re going to get began as folks roll in right here. Welcome all people. My identify is Ross Sandler. For these of you that I’ve not but met, I had the U.S. Web Analysis Group. We’re tremendous glad to have Erin Brewer from Lyft again once more for an additional nice 12 months. And I believe very well timed given what is going on on on this area broadly proper now.

So simply to kick issues off, why do not we simply type of tackle right now’s information head on. I believe the 2 large issues we hear from the funding neighborhood are round robotaxi disruption and insurance coverage. So on the primary one, Cruise is now formally, I do not suppose this was an enormous shock to anybody, pulling out of the market. So I suppose the query is, and also you’re beginning to see these partnerships, you guys are concerned with just a few forming across the area. I suppose the query is, what does Lyft have to supply of us like Waymo and Tesla who from our vantage level look like the one two gamers which can be going to be reside within the subsequent 5 years within the U.S?

Erin Brewer

Sure, nice query. I would begin out simply by framing that at Lyft, we’re excited concerning the creation of AVs. We completely see this as a market increasing alternative. And I am going to form of dive into a few the the explanation why as I take into consideration {our capability} and a bit bit about what we’re seeing on the bottom.

So if you concentrate on Lyft, proper, we expect that our platform goes to be completely one of many