Lyft expects decrease in discounts to continue as market chases profitability

Lyft cfo said majority of new rider growth was driven organically - conf call.lyft ceo says multi-modal transportation app offer will increase revenues long-term - conf call.lyft cfo- we are exploring a sale of certain legacy insurance policies- conf call.lyft cfo- cost of insurance will be lower in q4, key driver of ebitda- conf call.lyft cfo- "we believe the market is undervaluing our stock"- conf call.lyft cfo- "we expect decrease in discounts will continue as the market tries to achieve profitability"- conf call.lyft cfo- "we recently became the third most-expensed vendor for corporations"- conf call.lyft ceo- "we see lower coupon incidence than a year ago, so more people are paying full price"- conf call.lyft cfo says average ride prices higher year over year- conf call.lyft cfo says expect $10 million reduction in revenues from scooters and bikes in winter weather- conf call.
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