Lyft, Inc. (LYFT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would now like to turn the conference over to Aurélie Nauv, VP, FP&A, and Investor Relations. You may begin. Thank you. Welcome to the Least Earnings Call for the second quarter 2025. On the call today, we have our CEO, David Risher, and our CFO, Erin Brewer. As a reminder, our full prepared remarks are available on the IR website, and we will use this time to answer your questions. We'll make forward looking statements on today's call relating to our business strategy and performance, partnerships, future financial and operating results, trends in our marketplace, and guidance. These statements are subject to risks and uncertainties that could cause our actual results to differ materially from those projected or implied during this call. These factors and risks are described in our earnings materials and our recent SEC filing. All of the forward looking statements that we make on today's call are based on our beliefs as of today, and we disclaim any obligation to update any forward looking statements except as required by law. Additionally, today we are going to discuss customers. For ride share, there are two customers in every car. The driver is the customer, and the rider is the driver's customer. We care about both. Our discussion today will also include non-GAAP financial measures, which are not a substitute for GAAP results. Reconciliation of our historical GAAP to non-GAAP results can be found in our earnings materials, which are available on our IR website. And with that, I'll pass the call to David. Thanks, Aurelian. Okay, everyone, listen up. Q2 was a record breaking quarter for Lyft. We delivered all time highs across gross bookings, adjusted EBITDA and free cash flows for the first time in company history. We reduced our share count, oh, excuse me, and...