Lyft, Inc. (LYFT) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.637 Good afternoon, and welcome to Lyft's third quarter 2025 earnings call. 00:00:05.637 -- 00:00:09.020 As a reminder, this conference call is being recorded. 00:00:09.020 -- 00:00:13.425 I'm Aurélien North, VP of P&A and Investor Relations. 00:00:13.425 -- 00:00:18.850 On the call today, we have our CEO, David Reicher, and our CFO, Erin Brewer. 00:00:18.850 -- 00:00:23.916 As a reminder, our full prepared remarks are available on the IR website, 00:00:23.916 -- 00:00:27.318 and we will use this time to answer your questions. 00:00:27.318 -- 00:00:32.265 We will make forward-looking statements on today's call relating to our business strategy 00:00:32.265 -- 00:00:37.492 and performance, partnerships, future financial and operating results, trends 00:00:37.492 -- 00:00:43.099 in our marketplace, and guidance. These statements are subject to risks and uncertainties 00:00:43.099 -- 00:00:48.166 that could cause our actual results to differ materially from those projected or implied 00:00:48.166 -- 00:00:53.713 during this call. These factors and risks are described in our earnings materials 00:00:53.713 -- 00:00:57.018 and in our recent SEC filings. 00:00:57.018 -- 00:01:01.724 All of the forward-looking statements that we make on today's call are based on our beliefs 00:01:01.724 -- 00:01:07.330 as of today, and we disclaim any obligation to update any forward-looking statements 00:01:07.330 -- 00:01:10.154 except as required by law. 00:01:10.154 -- 00:01:13.498 Additionally, today, we are going to discuss customers. 00:01:13.498 -- 00:01:16.742 For rideshare, there are two customers in every car. 00:01:16.742 -- 00:01:20.907 The driver is the lift customer, and the rider is the driver customer. 00:01:20.907 -- 00:01:26.566 We care abo...