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David Risher

๐Ÿ‘ค Speaker
231 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

We've got a Baidu partnership that we've just announced.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

It's gonna be live in London later this year.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

We just worked out an agreement with the city of Hamburg in Germany to be the first robot taxi provider there.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

So that's wonderful.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

So you've got the partnerships, you've got the cities lined up.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

And now you've gotta be able to manage this fleet.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

And as you just said, this is not the sexy part, but it's so important.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

You've got to be able to make sure these cars are charged, clean, and ready to go.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

We have a FlexDrive subsidiary that's been doing that for years.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

We think we're the best in class.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

And our goal is to be maybe 5% cheaper than any other place with higher quality to put robo-taxes on the network.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

Well, so when I say cheaper, I mean the lowest cost way, right?

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

And that's the thing is I want our cost position to be really good.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

To your point, like our goals, which we set out a couple of years ago, our top line growth of 15% mid-teens year on year, we're very much on track for that.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

And bottom line growth getting to a billion dollars of adjusted EBITDA, which would be 4% margin, very much on track for that.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

But what it means is you've got to be really smart about managing your costs.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

You've got to be really good about kind of managing your quality.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

And we're doing really well on both.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

We've just made progress.

Bloomberg Talks
Lyft CEO David Risher Talks Fourth-Quarter Results

As I say, we've had our best profitable, highest profitable quarter just this past Q4.