Latest news with #DavidRisher
Business Insider
2 days ago
- Business
- Business Insider
Life in the C-suite: How top business leaders power through the day
Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. Looking to invest $10,000? Here's where you can put that cash right now, according to six Wall Street veterans. The drink of the summer is also a recession warning signal. Inside the whisper networks of laid-off former coworkers. Homebuyers could be the winners of America's next big land grab. Here's how much AI startups like OpenAI and Anthropic pay employees. But first: How do they do it? If this was forwarded to you, sign up here. Download Business Insider's app here. This week's dispatch A day in the life Ever wonder how the world's most accomplished business leaders make it all look so effortless? How do they conquer jam-packed calendars, build empires, and still find time to fly helicopters or sip matcha in peace? Welcome to Power Hours, a fresh Business Insider series that peels back the curtain on the daily routines of top CEOs, founders, and creative visionaries. We're going deep on what makes these high performers tick — and how you can apply their secrets to your own life. We've gone behind the scenes with leaders like Peter Beck, CEO of Rocket Lab, who starts his day before sunrise, ruthlessly cuts out unnecessary meetings, and flies a helicopter in his spare time. David Risher, CEO of Lyft, winds down with afternoon matcha and occasionally goes undercover as a driver to stay connected to his mission. Here's a snapshot of some of the leaders we've profiled. Anders Kurtén, head of the world's largest yacht brokerage, starts his day with a drive from France to Monaco and a 5K or 10K run, depending on his mood. Allison Ellsworth, cofounder and chief brand officer of Poppi, said she thrives on chaos and candidly admits she's never taken a formal lunch break. "I'm a creative person," she says. "So I'm very unorganized." Justin Nedelman, CEO of Pressed Juicery, begins his morning with meditation, hydration, and a sweat session—long before most of us are even awake. And just the other day, we caught up with billionaire Mark Cuban. At first, he told us his daily routine was "boring." But then he dropped a productivity gem that's surprisingly practical and one that everyone can use. Each Power Hours profile delivers a dose of inspiration — and a toolkit of takeaways — for readers to better understand how the pros do it all. So, what are your Power Hours? Let us know, we'd love to hear from you! Warning at the bar Surdyk's; Tyler Le/BI For years, the Spaghett — a mix of cheap beer and Aperol — was known almost exclusively by service industry workers. Now, it's making its way into the spotlight. The Spaghett's rise is also a sign that the economy is on the edge of disaster. It's a lot cheaper than other cocktails and easy to make at home — a standout choice for when you feel pressure on your wallet. No frills, great flavor. All in this together The silver lining of mass layoffs is that no one has to go through it alone. From former Big Tech workers to laid-off federal employees, old coworkers are banding together on networks like Slack and Signal. In their private channels, laid-off workers offer each other more than just emotional support. They're helping each other navigate the confusing administrative tasks that come with being fired, sharing job postings, and engaging in mock interviews. . America's next big land grab Secretive investors are betting big on the next homebuilding boom. Known as "land bankers," these investors are scooping up construction-ready real estate and waiting until builders are ready to put shovels in the ground. The result would be a more reliable homebuilding machine and even cheaper homes. That's great news for homebuyers in the near future. A new breed of land barons. AI startup salaries, revealed REUTERS/Jonathan Ernst Big Tech companies and startups are racing to dominate the next frontier of AI, and they're shelling out top dollar to the limited pool of tech talent who will join them. BI pulled federal filings from some of the top AI startups valued at over $2 billion. Companies like OpenAI are dangling mid-six-figure salaries amid the war for talent. What 13 startups are paying. Amazon salaries revealed: How much the cloud and retail giant pays What Microsoft pays software engineers, product managers, and more See how much Google pays key roles amid the AI boom This week's quote: "People won't remember in 10 years why they don't like Nike anymore, but they will still think slightly ill of it." — A guy who runs a website called Shop Canadian Stuff, following a wave of the "Buy Canadian" movement in response to Trump's tariffs. More of this week's top reads: Windsurf was a startup Cinderella story. Now it's become a cautionary tale. Sydney Sweeney is a meme stock icon now. Companies love trapping people in subscriptions. Savvy consumers are fighting back. Jerome Powell isn't flinching from Trump. Leaders should take note. West Point emails reveal how the prestigious military academy messed up Pete Hegseth's admissions status. Read Microsoft CEO's memo to staff explaining why the tech giant is laying off workers while making huge profits. Microsoft staffers react to the layoffs memo with suspicion, anger, and speculation. Internal xAI documents show how hundreds of AI tutors spent hours recording facial expressions to train Grok.
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Lyft to Announce Second Quarter 2025 Financial Results
Lyft, Inc. (Nasdaq: LYFT) (the 'Company' or 'Lyft') will release financial results for the second quarter of 2025 after the close of the market on Wednesday, August 6, 2025. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to the live audio webcast, please visit the Company's Investor Relations page at The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, webcasts, the investor relations section of its website ( its X accounts (including: @lyft, @davidrisher), its Chief Executive Officer's LinkedIn account ( and its blogs (including: and in order to achieve broad, non-exclusionary distribution of information to the public and to comply with its disclosure obligations under Regulation FD. Whether it's an everyday commute or a journey that changes everything, Lyft is driven by our purpose: to serve and connect. In 2012, Lyft was founded as one of the first ridesharing communities in the United States. Now, millions of drivers have chosen to earn on billions of rides. Lyft offers rideshare, bikes, and scooters all in one app — for a more connected world, with transportation for everyone.
Axios
12-06-2025
- Automotive
- Axios
Exclusive: Lyft launches new ad formats
Lyft is ramping up its ad business with new formats, the ride-hailing company exclusively tells Axios. Why it matters: Beyond traditional publishers, more companies with consumer attention and first-party data have looked to advertising to diversify and grow revenue. Driving the news: Lyft's updated ad portfolio includes three formats. Sponsored Map Vehicles, now available to all brands, offers a full-day takeover of the Lyft map including custom vehicle icons and optional real-world car wraps and branding. Sponsored Rides by Mode lets brands subsidize standard or priority rides with their branding featured on the Lyft homepage and during the ride. Vertical Video is a full-screen, non-skippable video format that plays when riders select the Wait and Save option and are waiting for a car. This week, Lyft also announced measurement deals with IAS and DoubleVerify to verify media quality. The big picture: Lyft is one of many tech and retail companies building ad businesses on top of their platforms. Uber launched ads in its Uber Eats app in 2020 and later expanded ads to its ride-hailing app. Last month, it reported an annualized ad revenue run rate of $1.5 billion. DoorDash this week announced it surpassed an annualized ad revenue run rate of more than $1 billion and acquired ad tech platform Symbiosys. Zoom in: Lyft is on a smaller scale. CEO David Risher said earlier this month the company is on track to reach a $100 million annualized ad revenue run rate by year's end. But it's aiming to grow with new hires and products. Suzie Reider, who founded YouTube's revenue and marketing team and later worked as Waze's global chief revenue officer, joined in December as executive vice president of Lyft Media and Lyft Business. She told Axios that her team has embraced being a challenger. "Given that we do not have the scale that Meta or Google have, we hustle in the mindset of 'necessity is the mother of innovation,'" Reider said. "In this era of AI, algorithmic, massively scaled and programmatic media, our team will eagerly engage in creative solutions." Between the lines: The strength of these new ad sellers is a trove of first-party data, including real-time location, destination and intent, alongside an engaged customer spending meaningful time on the platform. Reider said a rider spends 24 minutes, on average, with Lyft between waiting and riding. Lyft has attracted brands with specific marketing objectives, including driving store traffic and raising awareness at events and conferences, Reider said.
Harvard Business Review
11-06-2025
- Business
- Harvard Business Review
Customer-Obsessed Innovation
This month, we're highlighting some of the best conversations from the 2025 HBR Leadership Summit held in April. In this episode, David Risher, CEO of Lyft, shares how he's driving a turnaround at the rideshare company by anchoring everything in customer obsession. Since Risher took the wheel in 2023, Lyft reached record bookings and a 31% increase in annual revenue and its first full year of profitability. Risher shares how his own experience behind the wheel as a Lyft driver informs product innovation. And why listening deeply—whether to a single passenger or a room of drivers—can lead to breakthrough ideas. He also opens up about navigating layoffs, launching inclusive features, and preparing for an autonomous future while keeping human dignity front and center. Key episode topics include: customer experience, innovation, technology and analytics, listening skills, change management, employee engagement, competitive advantage, strategy
Yahoo
10-06-2025
- Business
- Yahoo
LYFT Q1 Earnings Call: Management Focuses on Product Expansion, International Growth, and AV Partnerships
Ride sharing service Lyft (NASDAQ: LYFT) missed Wall Street's revenue expectations in Q1 CY2025, but sales rose 13.5% year on year to $1.45 billion. Its non-GAAP profit of $0.11 per share was 46.7% below analysts' consensus estimates. Is now the time to buy LYFT? Find out in our full research report (it's free). Revenue: $1.45 billion vs analyst estimates of $1.47 billion (13.5% year-on-year growth, 1.3% miss) Adjusted EBITDA: $106.5 million vs analyst estimates of $92.39 million (7.3% margin, 15.3% beat) EBITDA guidance for Q2 CY2025 is $122.5 million at the midpoint, in line with analyst expectations Operating Margin: -2%, up from -4.9% in the same quarter last year Active Riders: 24.2 million, up 2.3 million year on year Market Capitalization: $6.57 billion Lyft's first quarter results reflected management's ongoing focus on expanding its rider base, including both new demographic segments and geographic markets. CEO David Risher pointed to the successful launch of products like Lyft Silver and the company's entrance into Europe through the FREENOW acquisition as key factors supporting active rider growth. On the call, management highlighted that the commute segment now represents a significant share of rides, underscoring a shift in use cases. CFO Erin Brewer referenced operational discipline in cost management and continued product innovation, such as Wait & Save and Price Lock, as contributors to the company's operating margin improvement from last year. Looking ahead, Lyft's outlook is shaped by its ability to integrate international operations, scale new products, and execute on partnerships in autonomous vehicles (AVs). Management emphasized that the FREENOW acquisition will double Lyft's addressable market, although CEO David Risher acknowledged the need for careful integration. The company is also positioning itself to benefit from the expansion of fleet management and AV supply, with Risher noting, 'AVs are an absolutely extraordinary opportunity for us,' while cautioning that large-scale adoption remains a longer-term prospect. Brewer added that Lyft's insurance and risk programs are expected to support safe platform growth, but acknowledged that macroeconomic factors and evolving competitive dynamics will continue to influence near-term performance. Management attributed first quarter trends to product diversification, operational focus, and early progress in international and AV initiatives, while noting that competitive pricing and insurance costs remained ongoing challenges. Product portfolio expansion: Lyft's management highlighted the growing impact of products like Wait & Save and Price Lock, with Price Lock membership retention rising to approximately 75%. These offerings are designed to address rider preferences for price predictability and affordability, particularly in the commute segment, which now accounts for about a third of all rides. International and demographic growth: The company's rider base expanded through the launch of Lyft Silver and significant progress in Canada, where rider activity nearly doubled over the past year. The FREENOW acquisition, pending closing in the second half of the year, is expected to provide access to nine new European countries and strengthen Lyft's presence in premium taxi markets. Autonomous vehicle partnerships: Management underscored partnerships with May Mobility and Mobileye as steps toward integrating AVs into Lyft's network. Initial pilots, such as the upcoming Atlanta launch, are intended to generate operational insights. However, CEO David Risher emphasized that the pace and economics of AV adoption remain uncertain due to insurance, utilization rates, and supply constraints. Advertising and media platform development: Lyft Media is tracking toward a $100 million annualized revenue run rate, supported by new ad formats and 'sponsored rides' experiments. Management sees opportunities to attract both brand and performance advertisers as the platform's scale and engagement improve. Pricing and insurance dynamics: The average ride price was modestly higher year-over-year but declined compared to the previous quarter. Management cited increased competition and broader market dynamics as factors, while noting that improvements in risk management and insurance partnerships are ongoing but have not yet fully translated into pricing stability. Lyft's forward outlook is anchored by international expansion, deeper product adoption, and the execution of partnerships in AV technology and advertising. FREENOW integration and international focus: Management expects the FREENOW acquisition to be a primary catalyst for growth, effectively doubling Lyft's total addressable market. Early integration efforts will focus on operational alignment and leveraging FREENOW's fleet management expertise in European premium taxi markets, though management stressed that the deal must first close and that further expansion will be considered only after initial integration. AV partnerships and supply diversification: Lyft aims to broaden its supply base through partnerships with both AV technology providers and traditional fleet operators. Management believes these partnerships will diversify service offerings and enhance platform reliability, but cautioned that the impact on margins and pricing from large-scale AV deployments is difficult to predict given current market constraints and insurance complexities. Media and monetization initiatives: The development of Lyft Media and continued innovation in ad formats are expected to contribute incremental revenue. Management stated that successful advertiser adoption—particularly for location-based and 'sponsored ride' campaigns—will be a key determinant of media platform growth, while investments in marketing and technology to support these initiatives may pressure near-term margins. Looking ahead, the StockStory team will monitor (1) the closing and early integration of the FREENOW acquisition, (2) the performance of new product offerings like Price Lock and Lyft Silver in driving rider engagement and retention, and (3) operational milestones in AV partnerships, including pilot launches and fleet management scalability. The continued ramp of Lyft Media and expansion into new geographic markets will serve as additional indicators of strategic execution. Lyft currently trades at a forward EV/EBITDA ratio of 12.9×. At this valuation, is it a buy or sell post earnings? Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. 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