Lyft (LYFT) M&A presentation summary

Strategic rationale

• Expansion into Europe nearly doubles addressable market to over 300 billion personal vehicle trips annually.

• Acquisition of FREENOW adds a strong, established presence in nine regulated European countries.

• Deep relationships with European customers, taxi unions, and regulators support market entry.

• Diversification through taxi hailing complements existing rideshare, creating technological and business model synergies.

• Pro-taxi regulatory trends in Europe provide growth and pricing stability.

Business and market opportunity

• European mobility market valued at €41 billion in 2024, with high-single digit CAGR expected through 2030.

• Taxi aggregation is driving industry growth as consumers shift from offline to online services.

• FREENOW represents €1 billion of the total market, with significant untapped offline potential.

• European markets offer higher average Gross Bookings per ride compared to the U.S.

FREENOW business overview

• Leading taxi mobility platform in major European cities, with 6.3 million riders and over €1 billion in Gross Bookings in 2024.

• Adjusted EBITDA positive, with 78% of rides and 87% of Gross Bookings from online taxi services.

• Strong regulatory relationships and premium service offerings, including access to bus/taxi lanes.

• Operations span nine countries and over 150 cities.