Lyft, Inc. (LYFT) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.434 Good afternoon and welcome to LIFT's second quarter 2026 earnings call. 00:00:04.434 -- 00:00:07.195 As a reminder, this conference call is being recorded. 00:00:07.195 -- 00:00:12.619 On the call today, we have our CEO, David Risher, and our CFO, Erin Brewer. 00:00:12.619 -- 00:00:16.121 Our prepared remarks are available on the IR website and we'll use this time to answer 00:00:16.121 -- 00:00:20.063 your questions. We'll make forward-looking statements on today's call, including statements 00:00:20.063 -- 00:00:23.825 relating to our business strategy and performance, partnerships, future financial and 00:00:23.825 -- 00:00:27.047 operating results, trends in our marketplace and guidance. 00:00:27.047 -- 00:00:30.288 These statements are subject to risk and uncertainties that could cause our actual results 00:00:30.288 -- 00:00:34.109 to differ materially from those projected or implied during this call. 00:00:34.109 -- 00:00:37.830 These factors and risks are described in our earnings materials and in our recent SEC 00:00:37.830 -- 00:00:42.091 filings. All of the forward-looking statements that we made today, this call, are based 00:00:42.091 -- 00:00:45.972 on our beliefs as of today, and we disclaim any obligation to update any forward-looking 00:00:45.972 -- 00:00:50.573 statements except required by law. Additionally, today we're going to discuss customers. 00:00:50.573 -- 00:00:52.995 For Rideshare, there are generally two customers in every car. 00:00:52.995 -- 00:00:56.118 The driver is Lyft's customer and the rider is the driver's customer. 00:00:56.118 -- 00:01:00.543 We care about both. Our discussion today will include non-GAAP financial measures, which 00:01:00.543 -- 00:01:04.947 are not a substitute for GAAP resu...