LYFT GS Communacopia 2025

Okay. So in the interest of time, I think we're going to get started. It's great to welcome the team from Lyft back to the conference. This year, we've got Erin Brewer, CFO.

Before we kick off, I am going to read the safe harbor, so stick with me. Before we start, Lyft would like to remind you that during the fireside chat today, we'll make forward-looking statements, which involve risks and uncertainties that may cause actual results to differ materially from those statements. The company will also discuss both GAAP and non-GAAP financial measures. Statements made today are effective only today and will not be updated to reflect subsequent events or circumstances that may arise.

Okay. So thank you. I forgot to read that in an earlier session. So that's good accomplishment for me.

So to level set, there's been a lot going on at the company. You've done the FREENOW acquisition. You've talked about and announced AV partnerships. You continue to put up strong financial performance.

Why don't we level set the conversation by the evolution the company has been going through and just sort of where we are today in terms of the journey of the transition of the company against the broader strategic initiatives you're trying to initiate.

Yes. It's a great way -- I don't know if my mic is on, can you hear me okay? Okay. It's a great way to start off the conversation.

It reminds me back 2.5 years ago, I don't know if you remember this, but I remember this. About 8 weeks after I joined the company, I was here with you on stage at my first investor conference. So it's a great entry question and a grounding way to think about the journey that Lyft has been on. If I think about today, you mentioned closing the acquisition of FREENOW, the autonomous partnerships that we've announced, we're really at the cusp of defining what it means today to be a global mobility platform.

The journey has been starting from a place several years ago where we were largely North America focused, not profitable, using cash and frankly, playing a little bit of catch-up. Fast forward to today where we've built this incredible foundation, strong growth across our rider base, our driver hours, strong foundation of profitability and really a global platform that's got multiple engines for growth as we look out into the future.

So I'll touch on a couple of those. Really, everything starts, you'll probably