Lyft, Inc. (LYFT) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.992 from partnership tagged rides, rider requests. 00:00:03.992 -- 00:00:05.836 So about 27%. 00:00:05.836 -- 00:00:09.220 That's a big deal. I think when we first started talking about this, we were 20%, then 00:00:09.220 -- 00:00:14.226 22, then 25, and 27. Why? Two reasons. Number one, we partner with 00:00:14.226 -- 00:00:18.531 great organizations that have huge TAMs. If you look at some of our most recent ones, 00:00:18.531 -- 00:00:21.195 of course, DoorDash is still only about a year and a half old. 00:00:21.195 -- 00:00:26.281 United is more recent. Even Southwest Airlines through their 00:00:26.281 -- 00:00:30.005 credit card program. These are enormous programs. 00:00:30.005 -- 00:00:34.150 They represent a huge opportunity for us to acquire new customers. 00:00:34.150 -- 00:00:37.176 Now, Those, I'll come back to frequency in a second. 00:00:37.176 -- 00:00:40.744 Those customers are different, right? So for example, DoorDash customers tend to be very 00:00:40.744 -- 00:00:42.487 heavy users and you can understand this, right? 00:00:42.487 -- 00:00:47.979 People eat three times a day and they tend to take rides relatively more often than 00:00:47.979 -- 00:00:53.069 others. So you saw us obviously complete, you know, double down on that partnership by 00:00:53.069 -- 00:00:56.966 expanding that to Canada. Okay, you look at United Airlines. 00:00:56.966 -- 00:00:58.808 United Airlines is kind of a different vibe, right? 00:00:58.808 -- 00:01:01.793 They tend to be more business customers. 00:01:01.793 -- 00:01:06.159 We out-index in some of United's big hubs, Chicago being a good example where we had 00:01:06.159 -- 00:01:11.607 great growth this past year. They tend to be airport rides, not surprisingly, 00:01:11.607 -- 00:...