Lyft (LYFT) shares jumped nearly 23% following better-than-expected third quarter revenue. Lyft CEO David Richard joins Yahoo Finance live to discuss his optimism for future growth, driven by record highs in both rider numbers and driver hours.

“I'm seeing customer obsession that's driving profitable growth,” Richard tells Julie Hyman and Josh Lipton. “When you pick people up fast, you price well, you do a good job, increase the service level, great things happen,” he said.

Highlighting Lyft’s strong commuter demand, the rideshare’s new “Price Lock” feature, and the company’s DoorDash (DASH) partnership, Richard said that the scale of competitors like Uber (UBER) won’t leave them at a disadvantage.

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This post was written by Cindy Mizaku.