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The following discussion and analysis of our financial condition and results of
operations should be read in conjunction with our condensed consolidated
financial statements and related notes thereto included elsewhere in this
Quarterly Report on Form 10-Q and our audited consolidated financial statements
included in our 2021 Annual Report on Form 10-K/A. The financial information for
the three and nine months ended September 30, 2021 included herein has been
restated as more fully described in Notes 1 and 15 to the financial statements
included in Item 1 of this Quarterly Report on Form 10-Q. As discussed in the
section titled “Note About Forward-Looking Statements,” the following discussion
contains forward-looking statements that involve risks and uncertainties.
Factors that could cause or contribute to such differences include those
identified below and those discussed in the section titled “Risk Factors” and
other parts of this Quarterly Report on Form 10-Q and in our 2021 Annual Report
on Form 10-K/A. Our historical results are not necessarily indicative of the
results that may be expected for any period in the future. Our fiscal year ends
December 31.
Our Business
Our mission is to improve people’s lives with the world’s best transportation.
Lyft, Inc. (the “Company” or “Lyft”) started a movement to revolutionize
transportation. In 2012, we launched our peer-to-peer marketplace for on-demand
ridesharing and have continued to pioneer innovations aligned with our mission.
Today, Lyft is one of the largest multimodal transportation networks in the
United States and Canada.
We believe that the world is at the beginning of a shift to
Transportation-as-a-Service (“TaaS”). Lyft is at the forefront of this massive
societal change. Our ridesharing marketplace connects drivers with riders via
the Lyft mobile application (the “Lyft App”) in cities across the United States
and in select cities in Canada. We believe that our ridesharing marketplace
allows…..
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