Financial ManagementLyft plans to repay its convertible notes due in May 2025, with cash on the balance sheet, indicating strong cash management.
Shareholder ReturnsLyft 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 PartnershipsLyft's strategic initiatives, including its partnership with DoorDash announced in November 2024, offer DashPass subscribers discounted rides through Lyft.