The Power of Lyft's Network slide image

The Power of Lyft's Network

MARKETPLACE ENGINE Maximize revenue Our marketplace improves over time and creates a virtuous cycle: We deploy vehicles at maximum efficiency, meaning better service for riders and the highest revenue per mile. ETAS Accurate ETAs power smarter decisions across the marketplace - from dispatch to routing to pricing (35% improvement in ETA accuracy) Pricing Dynamic pricing incorporates real-time price elasticity, which can increase total ride volume by more than 25% in long-term experiments Marketplace Engine Dispatch Efficient dispatch and matching optimizes millions of data points to pair the best vehicle and rider (50% increase in utilization in a major market) Routing Our proprietary routing engine leads to better matches for shared rides, which have helped to deliver nearly a 35% increase in our match rate All data are for the 3 years ending Jan 2020 except for pricing, which is based on experiments in 30 markets over 10 weeks ending Feb 2019.
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