Lyft(LYFT) - 2024 Q1 - Earnings Call Transcript

In our business, the combination of increasing driver preference and increasing drivers visibility into rider demand is incredibly valuable. It means we can be more targeted and efficient in how incentive dollars are spent even as drivers earn more. The result is healthy profit growth while operating competitively with laser-like focus on customer experience. Adjusted EBITDA was $59 million, which as a percentage of gross bookings was 1.6%. Relative to Q1 of last year, our adjusted EBITDA margin has more th ...