Lyft President Says Drivers Are Coming Back

The transcript discusses Lyft's recovery post-pandemic, highlighting rider trends, revenue growth, and airport ride volumes. It examines driver supply, labor market trends, and the impact of driver incentives. The competition with Uber is addressed, focusing on pricing strategies and service quality. The gig economy's appeal, particularly in terms of flexibility and earnings, is explored. Alternative travel trends, including bike-sharing and autonomous vehicles, are discussed. Finally, expectations for holiday traffic and personal driving experiences are shared.

What was the percentage increase in revenue for Lyft year over year?

• 60%

• 50%

• 73%

• 85%

How much faster did Lyft's driver actives grow compared to other industries?

• 5 times faster

• 3 times faster

• 4 times faster

• 6 times faster

What was the peak quarter for Lyft's spending on driver incentives?

• Q4

• Q3

• Q2

• Q1

How does Lyft plan to compete with Uber without engaging in a price war?

• By offering discounts

• By improving services and products

• By increasing driver incentives

• By expanding to new cities

What percentage of Lyft's rides in New York are made up by City Bike?

• 30%

• 40%

• 50%

• 60%

What new product did Lyft launch that has been popular among users?

• Electric scooter

• Ground-up built ebike

• Self-driving car

• Carpooling service

What is Lyft's position on the development of autonomous vehicles?

• They are not interested

• They have no plans for autonomous vehicles

• They feel well-positioned for future growth

• They plan to launch next year