Lyft, Inc. (NASDAQ:LYFT) Q2 2023 Earnings Call Transcript August 8, 2023 4:30 PM ET

Company Participants

Sonya Banerjee - Head of Investor Relations

David Risher - Chief Executive Officer and Director

Erin Brewer - Chief Financial Officer

Conference Call Participants

Stephen Ju - Credit Suisse

Eric Sheridan - Goldman Sachs

Doug Anmuth - JPMorgan

Mark Mahaney - Evercore ISI

Nikhil Devnani - Bernstein

Kenneth Gawrelski - Wells Fargo

Ross Sandler - Barclays

Benjamin Black - Deutsche Bank

John Colantuoni - Jefferies

John Blackledge - TD Cowen

Steven Fox - Fox Advisors

Lloyd Walmsley - UBS

Rohit Kulkarni - ROTH MKM

Operator

Good afternoon, and welcome to the Lyft Second Quarter 2023 Earnings Call. At this time, all participants are in listen-only mode to prevent any background noise. Later, we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the conference over to Sonya Banerjee, Head of Investor Relations. You may begin.

Sonya Banerjee

Thank you. Welcome to the Lyft earnings call for the second quarter of 2023. On the call today, we have our CEO, David Risher, and our CFO, Erin Brewer. In addition, Kristin Sverchek, our President is here for the Q&A session.

We'll make forward-looking statements on today's call relating to our business strategy and performance, future financial results, 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.

Our discussion will include non-GAAP financial measures, which are not a substitute for our GAAP results. Reconciliations of our historical GAAP to non-GAAP results may be found in our earnings materials, which are available on our IR website.

And with that, I'll pass the call to David.

David Risher

Thanks, Sonya. Good afternoon, everyone, and thanks for joining us. To start, I want to take a moment to introduce Erin Brewer, who joined us as CFO in July. Aaron is a skilled finance professional and brings an incredible one, two, three punch of strong technical abilities, excellent business judgment, and great leadership. She's also a valuable thought partner. She knows how to drive growth and operate efficiently at scale, and she's an amazing leader to our finance team. She and I are completely in sync on the opportunities ahead, and I'm thrilled to be working with Erin to build a rider and driver obsessed, durable, and profitable business. Erin, it's great to have you here.