Lyft Inc (WBO:LYFT)
€ 15.574 0.052 (0.34%) Market Cap: 6.36 Bil Enterprise Value: 5.63 Bil PE Ratio: 0 PB Ratio: 10.24 GF Score: 78/100
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Lyft Inc at RBC Capital Markets TIMT Conference Transcript

Nov 20, 2019 / 02:40PM GMT
Release Date Price: €39.96 (-0.35%)
Mark Stephen F. Mahaney
RBC Capital Markets, Research Division - MD & Lead Internet Research Analyst

At RBC, thrilled to have John Zimmer here, Co-Founder of Lyft. And Joe Spak and I are going to ask some series of questions for 28 minutes. We'll leave 2 minutes for Q&A.

Questions & Answers

Mark Stephen F. Mahaney;John Patrick Zimmer
RBC Capital Markets, Research Division - MD & Lead Internet Research Analyst;Lyft, Inc. - Co-Founder, President & Vice

So funny thing about the markets, they go risk on and they go risk off. And when they went risk off, I think it put pressure on you and your big competitor to just kind of prove the path to profitability. A month ago, with The Wall Street Journal Tech Conference, you and your Co-Founder, Logan, said that you would, in fact, be able to reach EBITDA breakeven by Q4 of 2001 (sic) [2021]. So just big picture levels, how do you get Lyft to be -- to reach -- what's the path to profitability? What are 2 or 3 of the things that you can do to drive profits?

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