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Lyft CEO David Risher on Q2 results: We don't see any softness in our business
LyftLyft(US:LYFT) CNBC Televisionยท2025-08-07 13:36

Financial Performance - Lyft reported its strongest quarter ever, with rides and bookings jumping double digits, though revenue came in just short of estimates [1] - Lyft has $993 million in cash [6] Market Trends and Consumer Behavior - Lyft does not see any softness in demand, with trips to the airport up quarter-over-quarter and year-on-year [3][4] - Lyft has become a part of millions of people's lives, serving and connecting millions every day [4] - Lyft is gaining share, achieving its highest share under the current CEO's tenure [6] Autonomous Vehicle Strategy - Lyft acquired a company called Free Now and closed the deal last week, expanding its global presence [7] - Lyft is partnering with BYU, which has completed 11 million rides without a driver, to explore opportunities in Europe and self-driving technology [5][7] - Lyft believes there will be multiple winners in the self-driving space [9][10] Safety and Responsibility - Lyft acknowledges the heartbreaking issue of sexual misconduct and is committed to leading on safety, even if it means potential consequences [11][12][15] - Lyft launched Women Plus Connect in September 2023, resulting in over 115 million rides taken by women with other women, reducing risk [14] - Lyft has programs allowing drivers to have cameras in the car, pin verification, one-click access to ADT, and location sharing [18][19]