Lyft Results Presentation Deck

Key Highlights +47% Sequential revenue growth reflecting an improvement in active riders and ride frequency (1) +10% Improvement in Q3 Adjusted EBITDA loss versus most recent outlook $2.5 billion Unrestricted Cash, Cash Equivalents and Short-Term Investments (2) ● ● (1) Delivered Q3'20 Adjusted EBITDA loss of $240 million versus most recent outlook of $265 million Active Riders grew 44% to 12.5 million versus Q2'20 Revenue per Active Rider increased 2% versus Q2'20 reflecting an improvement in ride frequency Contribution Margin of 50% was 15 percentage points higher versus Q2'20 and exceeded outlook of 45% ● Non-GAAP sales & marketing expense as a percentage of revenue < 15% reflecting rider incentives near historical lows On track to realize annualized fixed cost savings of $300 million by Q4'20 Expect to achieve Adjusted EBITDA profitability by Q4'21 even with a slower ride recovery Q3'20 Adjusted EBITDA loss of $240 million compares to the Company's August 12, 2020 expectation and September 8, 2020 8-K update that its third quarter Adjusted EBITDA loss could be managed to below $265 million. (2) As of September 30, 2020 Note: Certain figures above are non-GAAP financial measures. Please see the explanation of non-GAAP measures as well as reconciliation from GAAP to non-GAAP measures contained in the appendix to this presentation. 3

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