Financial PerformanceLyft ended the quarter with $760M in cash, generating $140M in free cash flow during the quarter, and the board authorized a $500M share buyback.
Strategic PartnershipsRecent AV partnerships are a bright spot with potential for higher-than-expected Bookings growth for the rideshare industry.
User GrowthLyft sounded confident in its platform health, highlighting that it’s never had more riders, drivers, and frequency.