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      "text": "Active Riders were 21.5 million, up 8% year-over-year, driven by strong rideshare demand. The average number of rides taken by each Active Rider – which we refer to as frequency – reached the highest level in more than two years. However, revenue per ride came down versus Q2 of last year reflecting our focus on competitive market pricing. This naturally affected Revenue per Active Rider, which was $47.51 in Q2, down 5% from Q2 of 2022.",
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      "text": "Contribution Margin was 42%. In absolute dollars, Contribution was $426 million in Q2, up 35% year-over-year.",
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      "text": "Rideshare rides grew 18% year-over-year, accelerating for the second quarter in a row",
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      "text": "Revenue of $1.021 billion was up 3% year-over-year reflecting strong growth in rideshare rides. We saw momentum across use cases, however commute and early morning trips were standouts, growing by just over 20% year-over-year. And we had our highest volume of quarterly airport rides since 2019.",
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      "text": "Adjusted EBITDA of $41 million reflects strong rideshare demand",
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      "text": "Active Riders of 21.5 million reached the highest level in nearly 3 years",
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      "text": "Our Q2 financial results reflect our focus on strong execution.",
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      "text": "Note: Certain figures above are non-GAAP financial measures. Please see the explanation of non-GAAP measures as well as the reconciliation from GAAP to non-GAAP measures contained in the appendix to this presentation.",
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