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

Lyft Inc (NASDAQ: Lyft) Barclays 22nd Annual Global Technology Conference December 11, 2024 2:35 pm ET

corporate participants

Erin Brewer – Chief Financial Officer

conference call participants

Ross Sandler – Barclays

Ross Sandler

When people come in here, we’re about to start. Everyone is welcome. My name is Ross Sandler. For those of you that I haven’t met yet, I have the American Network Research Team. We’re so excited to have Lyft’s Erin Brewer back for another great year. I think it’s very timely given what’s happening broadly in this space right now.

First, why don’t we just talk about today’s news? I think the two big concerns we hear from the investment community are robo-taxi disruption and insurance. So on the first front, Cruise is now officially off the market, which I don’t think is a huge surprise to anyone. So I guess the thing is, you’re starting to see these partnerships, you’re involved in some collaborations around that area. I guess the question is, what does Lyft have to offer companies like Waymo and Tesla?

Erin Brewer

Yes, great question. The first thing I want to point out is that at Lyft, we’re excited about the emergence of self-driving cars. We definitely see this as an opportunity for market expansion. As I think about our capabilities and what we’re seeing on the ground, I’m going to dig into a few reasons.

So if you think about Lyft, right, we think our platform is definitely going to be