Lyft CEO explains ridesharer’s new teen ride service, safety features

Yahoo Finance Video and Julie Hyman

Sun, February 15, 2026 at 10:00 PM GMT+9

In this video:

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Lyft (LYFT) CEO David Risher joins Market Catalysts Host Julie Hyman to discuss the rideshare company’s plans to roll out its Lyft Teen feature, a service to accommodate bookings from younger customers aged 13 to 17 with parents being able to safely monitor trips.

Also catch Yahoo Finance’s full interview with David Risher.

To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.

Video Transcript

00:00 Speaker A

Speaking of maybe another niche product, you guys are rolling out a teen service. I got to be honest with you, David. I got Uber teen for my 16-year-old because it existed and Lift teen did not exist, right? So how do you how do you switch over customers like me or how do you pick up new customers who were already familiar with that product?

00:27 David

Yeah, fair enough. So, I mean, in a sense, the good news is every there’s something like 40 million teens in the United States and every single year, there are 4 million more teens, people who turned 13. So, the good news is it’s kind of this infinitely replenishing resource of of teens, all of whom want the same thing. They all want independence, they all want to get out of the house, and frankly parents are pretty busy. And this is a good way to save money by the way. Uh think of the insurance. You maybe you know this yourself. You put your kid on your your car insurance, it’s going to cost you a couple thousand bucks a year. That’s a couple hundred lift rides you can take. Look, you know, my way to convince you is just to say, give us a try and see which one you like better. I think the team has done an amazing job, really getting in particular, the communication between rider, excuse me, driver and parent, which a lot of parents talk about being really important. They want to know who that driver is. We’re putting the absolute, you know, highest quality driver on this program we possibly can. But in any case, I think to a certain extent, you know, the the choice will be people’s and we’ll kind of see how it plays out. But I’m super excited. It’s off to a great start.

01:34 Speaker A

Challenge accepted, David. I’ll I’ll take a look at at that and see how it compares. Thank you so much. It’s great to see you.

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