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      "text": "Q1 Revenue of $609 million increased 7% quarter-over-quarter and outperformed the midpoint of our most recent outlook by $59 million. Active Riders increased 8% quarter-over-quarter to 13.5 million. Revenue per Active Rider of $45.13 was down just 1% versus Q4'20. Contribution Margin of 55.4% far exceeded our outlook.",
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      "text": "Q1 Adjusted EBITDA loss of $73 million - our smallest loss since going public. Non-GAAP operating expenses below COR decreased by $56 million quarter-over-quarter. As a percentage of revenue, Non-GAAP sales & marketing expense reached an all-time low of 11.4%.",
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      "text": "Smallest quarterly Adjusted EBITDA loss since IPO",
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      "text": "(1) Company began trading on NASDAQ on March 29, 2019. (2) Company outlook for Revenue for Q1'21 was reported during the Q4'20 earnings call on February 9, 2021. (3) Q1'21 Adjusted EBITDA loss of $73 million compares to Q4'20 Adjusted EBITDA loss of $150 million.",
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