DoorDash, Inc.

Good afternoon and welcome to the DoorDash Quarter 2 2022 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press the star one again. For operator assistance throughout the call, please press star zero. And finally, I would like to advise all participants that this call is being recorded. Thank you. I would now like to hand over to Andy Hargraves, Vice President, Finance and Investor Relations. Andy, please begin your call.

Thank you very much. Good afternoon, and thanks, everybody, for joining us on our second quarter 2022 earnings call. I'm pleased to be joined today by co-founder, chair, and CEO, Tony Hsu. and CFO Kabir at DarkR. We'll be making forward-looking statements during today's call, including our expectations of our business and the Walt business following our acquisition, the macroacademic environment, financial position, and operating performance, our market and local commerce opportunities, future financial results and guidance, our strategies and investment approach. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those described. and some risks are described in our risk factors, including in our SEC filings, including Form 10-K and 10-Qs. You should not rely on our forward-looking statements as predictions of future events. We disclaim any obligation to update any forward-looking statements, except as required by law. During this call, we'll also discuss certain non-GAAP financial measures, information regarding our non-GAAP financial results, including a reconciliation of non-GAAP results to the most directly comparable GAAP financial measures may be found in our investor letter, which is available on our IR website. These non-GAAP measures should be considered in addition to our GAAP results and are not intended to be a substitute for our GAAP results. Finally, this call in its entirety is being audio webcast on our IR website, and audio replay of the call will be available on our website shortly after the call ends. As in previous quarters, we'll go straight to questions. So with that, operator, please go ahead and take the first question.

Thank you. At this time, I would like to remind everyone in order to ask a question, please press star, then the number one on your telephone keypad. And your first question today comes from the line of Deepak Mathivanan from Wolf Research. Your line is open.