LYFT earnings call for the period ending December 31, 2024.
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Lyft (LYFT -4.83%)
Q4 2024 Earnings Call
Feb 11, 2025, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon, and welcome to the Lyft fourth quarter and full year 2024 earnings call. [Operator instructions] As a reminder, this conference call is being recorded. I would now like to turn the call over to Aurelien Nolf, vice president, FP&A, and investor relations. You may begin.
Aurelien Nolf — Vice President, Financial Planning and Analysis and Investor Relations
Thank you. Welcome to the Lyft earnings call for the fourth quarter and full year of 2024. On the call today, we have our CEO, David Risher; and our CFO, Erin Brewer. 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 filings. 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 rideshare, there are two customers in every car. The driver is Lyft’s 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 our GAAP results.
Reconciliations of our historical GAAP to non-GAAP results can be found in our earnings materials, which are available on our IR website. Lastly, the team will be in Boston, San Francisco, New York and Toronto over the next few weeks. So please do reach out to me if you would like to connect with us. And with that, I’ll pass the call to David.
David Risher — Chief Executive Officer
Thank you, Aurelien. Good afternoon, everyone, and thank you for joining us. 2024 was an incredible year of reinvention and industry leadership for Lyft. We are executing spectacularly, and we’re in our strongest position ever.
I am super proud to share that we have reached all-time highs in rides, in riders and driver hours. We even made our service levels industry-leading. As a consequence, our market share at the end of January this year was the highest it’s been since 2022, and our financial results are the best ever. It all goes to prove our thesis: customer obsession has driven profitable growth.
